Swot Analysis of Cango

SWOT is an acronym that stands for strengths, weaknesses, opportunities, and threats. The SWOT analysis leave help CanGo attend the opportunities that ar available and what threats may affect its operations. Before moving earlier CanGo needs to assess the position they currently arrive in the foodstuff place. The use of a SWOT analysis technique volition be beneficial at this point and go forth serve as the baseline to elaborate on a strategic plan for the establishment.Be Bold has been observing CanGos operations for a couple of months, and have developed the interest preliminary SWOT Analysis from these observationsStrength Purchase an machine-driven reposition and recovery system (ASRS) to help improve the warehouse. An automated storage and retrieval system (ASRS) is a great solution for CanGos inventory handling.CanGo has go through exponential growth in their first two years of operation. CanGo has been accepted as one of the fastest growing sm all business in th e Hudson Valley. Constant interest in research and improving caller. As we plenty see that CanGo is al representations looking for something new, they are always trying to blink of an eye their competitors, they are constantly trying to improve company, and find another way to be successful and gain profit.Weaknesses CanGo, Inc. has no vision or missionary work statement.Growth opportunities are imminent and the possibility to go public requires a absolved vision and mission statement in order to understand their means on the marketCanGo is lacking in concern by objectives (MBO).The aim of MBO is to maturation organizational performance by aligning goal and subordinate objectives passim the organization.CanGo is missing a strategic management plan.A strategic approach will help CanGo build teamwork by developing commitment and trust will strengthen the leadership team by aligning their goals with those of the CEO and will move the organization from the current status quo to an organized environment with go along goal setting for the short and long term. to develop and maintain a viable fit between their objectives, resources, and opportunitiesNeed for systems analysis and programmer.The marketing department essential focus and apply their expertise and support in the areas of market wisdom and strategic business planning.OpportunitiesDeveloping an in-house database that is incorporates into an automated storage and retrieval system ASRS. An automated storage and retrieval system (ASRS) is a great resolution for CanGos inventory usage.Opportunities also exist in the Asia Pacific region for online sales. ships company has to keep an eye on the future opportunities and possible consumers. The region could be their next step ahead to become a continental corporation. modify the website to incorporate some of the marketing ideas found to be relevant in the recent research analysis project.Threats CanGo needs to expand its operating competency to cont inue its growth. If they stay the same there wont be growth, so in order to become more profitable, beneficial, and successful company they need to increase their productivity.Management must develop a strategic management plan. The purpose of the strategic marketing plan is to fit between the organizations objectives and resources and its changing market opportunities so it is beneficial for the company. CanGo could potentially have employee retention problems. It is the responsibility of the CEO to ensure equal opportunity for all employees, adequate compensation packages, fair performance evaluation processes and career training programs for employees.Lack of capital for necessary growth needs. Lack of money and cost of ASRS system. club needs to have funds to change or improve warehouse. When expanding into a new market CanGo needs to understand and take into account trends that are in the industry and account for them when doing any sort of planning.