Cango Wk 4 Swot - 1702 Words

SWOT Analysis: Swot stands for strengths, weaknesses, opportunities, and threats. The SWOT analysis will assist CanGo understand the opportunities that are obtainable and what threats may have an effect on its business. Before moving onward with new ventures CanGo needs to evaluate the arrangement they currently have in the market. Performing a SWOT analysis technique would be very beneficial at this point and will serve as the baseline to elaborate on a strategic plan for the organization. CG consultants have been monitoring CanGo’s processes for quite sometime, and we have developed the following preliminary SWOT analysis: Strength: ïÆ'Ëœ Purchasing an automated storage and retrieval system (ASRS) would help to improve the†¦show more content†¦There are many advantages to hiring an outside research company; they would be able to determine who the target customers are, where these customers are located, how to reach the target customers and exactly what type of product or services they are looking for. Once the marketing research company determines all of these issues, CanGo would be more effective in marketing their product. Issue 2: The fact that no one is tracking where the work is and who is supposed to be working on what can lead to many problems. Some employees may be doing more work than others because they are efficient and everything seems to land on their desk while others may be receiving credit for work they are not doing. In the video we saw that Nick was tasked out with creating a process flow chart, but he passed it on to someone else, and that some one pass it down to two more people. I believe in fair and equal work between team members so they should break down the work prior to initiating any task. There is nothing wrong with helping your teammates but not do the work for them. Passing work like that can also lead to it getting misplaced. They should use a flow chart to track where the work is. A Gantt chart or a document flow chart seem like a perfect fit for this occasion. The document flow chart will trace the process flow chart document through the system to avoid it getting lost. Losing information can also lead to