CanGo Business Issues Essay Example | Topics and Well Written Essays - 500 words

CanGo Business set offs - Essay ExampleLack of vision and missionary post statementsCanGo does not slang a vision or a mission statement. A vision statement indicates where the where the company wants to be and the time frame within which the company expects to achieve its vision. A mission statement clearly indicates the mapping for which the business was created and its standards of behavior.CanGos management team should prepare both a vision and a mission statement which will guide its strategic plan. Both the vision and mission statement will effect as a guide to CanGo in its uncertain business environment. The vision and mission will service of process direct the company in terms of the decisions that management makes. Decisions should be consistent with the vision and mission of the company. Issue 2 Lack of a strategic plan CanGos management does not have a strategic plan. Although CanGo is said to be the fastest growing company in the Hudson Valley there is no plan in pl ace to achieve this status. According to Liz it is an accident. The formulation of a strategic plan is really important in any business. According to Daft (2007) the best way to control the operation of a business is through strategic planning. The company has ill-conceived ideas of having done the right things. They lack a decorous understanding of the strategic management process and how to gain and maintain a competitive advantage over their competitors. There is no indication of the vision and mission of the company plans are just made as the managers go along.