CanGo will have the chance to grow and keep growing more and more in future if they make themselves ready financially, train management, and staff to sell online. They should be able to have enough funds and tools for marketing, in order to market new online gaming in the right way. Having financial stability to grow the business is not enough, without having the strategic plans in place. The financial analysis of CanGo’s compared with the competitor like Amazon is very weak when it comes to revenue and sales value, but it has a lot of advantages for CanGo. For example, CanGo can become a partner with Amazon for online ordering throw Amazon website for basic commissions will be paid by CanGo, which is will help CanGo to increase their revenue within a year by at least 20% - 25%, also, will assess …show more content…
The turnover ratio for CanGo Inventory is .29, and the turnover ratio for Amazon Inventory is.11. Which is indicates that CanGo manages its inventory better than Amazon because the less turnover ratio you have the less overstocking inventory company has. So, we can say that CanGo has more an efficient performance than Amazon. Another factor of having high ratios can indicate a loss of sales or returns. Amazon debt to equity ratio is stands at .42 while CanGo debt to equity is stands at .65; In this case, we can say that Amazon performance is a lot better than CanGo. A high Debt to Equity Ratio generally means that a company has been aggressive in financing its growth with debt. Debt can come in the form of stocks, bonds, and loans that the company borrowed against. Amazon current ratio is 1.31, but CanGo current ratio is 5.33. In general we can see that CanGo is performing better in this area compared with their main competitor Amazon, because this ratio shows that CanGo is capable of repaying its debts and liabilities than
So far, in almost 8 months the company is seeing business increase greatly; which is a win-win situation for the company and its stakeholders. CanGo is now in great position to expand their inventory. In addition to new and used books, CanGo is looking to start offering music downloads capabilities, magazines and more electronics such as IPad, tablet, and smartphones. CanGo will continue to use their Just-in-Time delivery (JIT) method. This process has proven to work well for the company
CanGo has a strong sense of who their target market is with Generation X and Y. CanGo’s strong will and sense of adventure to enter into new markets also shows incredible confidence in their entrepreneurial decisions and the CanGo
Assignment Submitted By Yours Name here Submitted To Yours Instructor Name here To Meet the Needs of the Course April, 2016. Introduction: CanGo is a youthful and element company that works in the strongly alterable and competitive online retail and gaming space.
Competitive advantage has become an important part of doing business and staying in business because it’s what sets a business apart from its competitors. According to Aghamirian and Dorri, (2015) “Competitive advantage is a concept based on economic theories on competitiveness of organizations, emphasizing their particular value in resources that they dispose of, as well as the products and services offered in the market” (p. 65). The competitive analysis will help CanGo standout from its competitors, develop points of difference, recognize competitors, and reevaluate core competencies. CanGo’s major competitors are Amazon, Apple, and Walmart. Each company shares the market of selling books, CDs, music, and movies.
In order to succeed CanGo needs to understand and know the online gaming market. KLM Consultants Inc. has conducted a thorough research of their (CanGo) market. This will allow CanGo to view the important aspects with regards to the market. Included will be the demographics, gender, target market, and overview of the online gaming market.
Our competitive analysis will help CanGo develop an in-depth understanding for each of their competitors. In order to enhance their position in the competitive market CanGo has to understand the objectives of each of its competitors. CanGo’s top competitors are Amazon and Xbox. Separately, CanGo’s competitors cannot offer the products and online gaming services that CanGo can offer. Amazon is an e-commerce tech giant that specializes in retail, video streaming, tablets, etc.
CanGo is a company that built it success upon book sales and has recently decided to enter the foray known as online gaming. This unique division of its attention leads to an interesting competitive analysis. On the one hand, their competitors within the book world must be accounted for. On the other, their new ones they will soon compete with in online gaming.
analysis; only in the Bible does David beat Goliath. In the business world, Goliath crushes David. Accentuating the positives and hiding the negatives is the most crucial part of competitive analysis. CanGo has a few strengths that they enjoy in the marketplace. For one, CanGo has is emerging as an online music and gaming option for both American and international consumers.
However, this what Aeropostale Corporation started with at the beginning of 2015. B. Current Ratio: Loss Current Asset 213.138 - Current Liabilities: 3.944 = -0.56Aeropostale company ratio is at -0.52 and the company has loss 56. Cents per dollar. This is not looking good for the company
As a newer, yet dynamic company, CanGo had found the ability to function in the highly dynamic and competitive online retail market and the online gaming platforms/markets. This section of the research paper will focus on describing the market analysis and research that concerns the areas of online shopping and online gaming as well as the size of their markets. Potential areas of consideration are the size of the market, the different market trends, and potentials as well as the demographics we may be focusing on. CanGo is a company in which has several potential strengths that can aid them in securing economies of scale from the global transactions. Firstly, the company has become has secured adequate entrenchment in the online gaming and
This is a big market in which CanGo needs to start taking advantage of by competing with companies such as Amazon, Apple, and Google for sales in the eBook market. Amazon has the number one spot in eBook sales taking 74% of US eBook sales through the Amazon kindle store. Amazon is the largest online retailer in the world,
is an online retail organization that deals with a wide range of products such as electronics, books, magazines, foodstuff, house-ware, clothes, shoes, etc. The company’s position in the field of online business is attributed to strategies such as organizational culture, human resource and cost policies. 2 ×2 SWOT Matrix Helpful
However, JB Hi-Fi was able to offset the decline in sales of other products by capitalizing on the surge in demand for home office equipment and entertainment products. The company also implemented various cost-saving measures to mitigate the impact of the pandemic on its profitability. To evaluate the company's financial performance, it is important to look at relevant financial ratios such as the return on equity (ROE) and the debt-to-equity ratio. JB Hi-Fi's ROE has been consistently above the industry average, indicating that the company is generating strong returns for its shareholders. The company's debt-to-equity ratio is also relatively low, indicating that the company has a conservative approach to financing its
The main reason for the decrease was due to the yearly increase in the business's equity. As at 2008, Amazon's ROE is equivalent to the competitors and is expected to be in line with the competitors in the future. Meanwhile the ROA showed that Amazon is generating more income from its assets compared to its competitors. In comparison on the ROE and Return on Assets, Amazon has the highest growth among its competitors as it has a smaller capital base than EBay and a higher profit level than BN. The high ROE is indicates that Amazon is continuing
In order to achieve its goal, Amazon implements some strategy during their planning stage, namely cost leadership strategy and differentiation strategy. 2.1.1.1 Cost leadership Strategy Amazon is implementing cost leadership strategy as its core strategy in serving its customers. The company has enormous number of warehouses and processing capabilities, which provide the company physical economies of scale. (ACCA, 2015)