Cango

In: Business and Management

Submitted By NizarNassif
Words 295
Pages 2
Dear Mr.Mohamed Trust you’re Ok & Wishing this e-mail finds very well I’m very pleased to have been given the opportunity to put forward Gras Savoye Egypt Insurance services and I believe that we can bring a real fresh and innovating approach to your insurance program and placement that will result to better administrate your current covers with following :-

 Truly Independent Advice & Technical advice
 Competitive Pricing with established Higher Education Insurers
 Enhanced Insurance Coverage & Focus on Pro-active Risk Management

During our meeting we have discussed a lot of matters related to your current insurance program and also I presents that our services will include the claim advice and handling and any insurance consultant advisory of the current situation.

Please find herewith attached file of Gras Savoye Presentation and the appointment letter looking forward to find it informative and satisfactory.

Accordingly our scope of work will be mutually determined during our further meeting that we will be very pleased to arrange with company executives ,meanwhile find a summary of our scenarios of remuneration and our scope of work :-

If were appointed as “Consultants”; our remunerations would be on fee bases that would be determined on the type/scope of work that we shall conduct.

If were appointed as “Brokers”; our remuneration would be commission based that would be embedded in your insurance premium(s) and would be collected from the insurance company (ies) that would carry your risks.

For Services rendered pursuant to Al Ismailia for eal State shall pay to Gras Savoy an amount 36000 EGP (Reviewing the current property policies in terms during the period of 2014) Insert the contract amount during the period. The amount has been established based on the understanding that it includes all of the Consultant’s…...

Similar Documents

Cango 2

...things that they have to ensure are balanced and running properly. For CanGo they have the vision of where they want to be in the future and the start of a good internal structure to carry out those goals and vision. Where things seem to become off balanced for CanGo is in the areas of communication between departments, ensuring that full financial analysis have been completed before starting on a project, internal organization within the company, lack of professionalism between employees, and lack of concern for legality when it comes to company action. All of these issues if left uncorrected can pose a huge threat to the viability of CanGo’s business in the future. However, on the other hand if the following recommendations are put into play and the current issues are resolved it will only further and grow CanGo in their current state and in the future. Issues: 1. There seems to be a serious lack of communication between departments at CanGo. At any given time it is pretty apparent that employees do not seem to know what others are working on. 2. It does not seem that CanGo has done a proper full financial analysis regarding the new system; once again no project should be jumped into without proper analysis. 3. CanGo lacks of a strategic plan to train the personnel for new responsibilities. CanGo management is seriously considering entry into the online gaming market, a business of which CanGo management has limited understanding, while simultaneously......

Words: 2621 - Pages: 11

Cango Script

...their competitive advantages/disadvantages related to competitors and to generate understanding of competitors’ past, present and future strategies. Furthermore to provide an informed basis to develop strategies to achieve competitive advantage in the future and to help forecast the returns that may be made from future investments. * External Environment (Government, Politics, Taxes, etc.) CanGo must also analyze the governmental environment within the market place. This will allow require CanGo to have a plan to address unfair competition, restraint of trade, environmental, discrimination, online registration, privacy, product safety, labeling, intellectual property, warranties, deceptive and misleading claims, advertising to children, telemarketing, email spam, tying contracts, exclusive dealerships, transportation safety, price discrimination, rapacious pricing, consumer credit purchasing within current and foreign markets. * Economy The current economy is slowly moving out of a recession and CanGo revenue will be affected by less money out in the market. Since CanGo primarily is a company targeting the youth market they must be aware of the shift in trends and economic conditions. They need to implement a design to entice customers to spend their money on their products. * Management No Strategic Plan for Business Growth Can Go does not have a strategic management plan. The strategic approach is necessary to provide framework for the......

Words: 1365 - Pages: 6

Cango

...next looked at CanGo’s Inventory Turnover as a measure of CanGo’s inventory management efficiency. In general, a higher value indicates better performance and lower value means inefficiency in controlling inventory levels; CanGo’s was 1.56. This lower inventory turnover ratio may be an indication of overstocking which may pose risk of obsolescence and increased inventory holding costs (Accounting Explained, 2012). 2. Financial Leverage Taking a look at CanGo’s equity ratio for how much they relied on their debt, we were surprise to see a low debt to equity ratio of 7.57, thereby enabling CanGo to utilize more of their revenue for their future plans (Financial Dictionary, 2012). 3. Liquidity Ratio Our Review of CanGo’s Liquidity included the current ratio, the quick ratio and the operating cash flow ratio or Working Capital. a. Current Ratio reflected a 1, which is low if CanGo wishes to......

Words: 315 - Pages: 2

Cango

...Cango Week 1 And 2 Video Analysis Report Week 1 & 2 Analysis Report “Poor strategic planning is worse than no strategic planning. It can be a big waste of time and money” (“Strategic Thinking”, 2011, p.1). Strategic planning plays a very crucial role in helping organizations achieve their goals. The strategic planning process requires both managers and their subordinates to work together as a team to design, plan and implement those goals. We have noticed that there have been some deficiencies in the leadership of CanGo Inc. We have also provided some recommendations for the management team to improve their weaknesses so that the company can continue to stay successful in achieving its goals and launching itself to the online gaming industry. (1) There is a lack of mission, vision and value in CanGo Inc. Liz, the founder and CEO started her company with an emergent strategy process. This strategy would not allow the company to stay successful in the long run. Liz thinks that the success of the company has nothing to do with strategic planning. As a result, she fails to recognize the importance of strategic management planning. This issue is the top priority to be addressed because it is the core foundation of the success of the company (BUSN 460, Week 1 Video, 2003). (2) However, the management fails to analyze the company’s position in the market to set reasonable long-term and short-term goals. The goals and expectations seem to be unrealistic or unachievable...

Words: 2280 - Pages: 10

Cango

...Week’s Team Objectives (defined in previous week): | Our team is to analyze week 1 and 2 videos and find key issues that CanGo is facing. We have to find 6 issues and recommendations for the videos. So we assigned 3 issues to find to each member and the remaining members were to do the SWOT and conclusion. | Work for Week’s Team Objectives Accomplished (defined in previous week): Each member is to review the video and find key issues to be resolved. We have split the tasks fairly so each member can be involved and gain some time. Review/Highlights of Team Video Analysis Report: As of today, we have finished the report because we had everybody get involved and like one say “Teamwork is the power”. Since it is a video analysis we had a lot of similarities to the issues found so I had to cut it short and take the important points. Diana and Carissa were assigned week 1 video. Celia, Amber and I work on week 2 video. Other ‘Consulting’ Work (other than Team Video Analysis Reports): We are working on a Powerpoint slides for the weeks to come to gain some time Progress toward Final Presentation (Qualitative and Quantitative): We have already started the research and task assignment . Working ahead of time is always good and that’s what we are doing. Comments (including each team member contributions/support): My team members are very loyal and reliable when it comes to accomplishing the work. We had a few timing issue with a member who is 8 hours ahead of us......

Words: 352 - Pages: 2

Cango

...Senior Project BUSN 460-Professor T. Wischer DeVry University November 21, 2013 6 Issues facing CanGo from week 3and week4 Maurine Edwards Market Research Flow Charts/Data Brent Tucker Leadership Financial Caromill Almanzar Website/User Friendly ASRS 3 Issues facing CanGo from week 3 Jack’s justification for the new system (ASRS) - Caromill Almanzar Jack feels that the company should go under a new system to increase efficiency for their warehouse and inventor. Liz is concerned that the investment for the (ASRS) may not yield the necessary return to justify the investment. Jack’s argument is, the (ASRS) will help tremendously with the pickup station operators, to an extent that the station will be gone. Currently operators pick about 45 books per hour, the new system has the capacity to pick 360 books per hour. Liz isn’t convinced with Jack, She’s has doubt with the expense. She is also concerned about the integration of the system, the website, and their discount system. The only benefit that she sees with the new system is the reduction of labor. Recommendation: The ASRS is generally applied in applications where high volumes of inventory are moved into and out of manufacturing or distribution operation. The ASRS system typically is considered an alternative to fork lifting, and manual material handling. The system also saves space and building cost. The issue with this system will be with the process stability, capital effectiveness,......

Words: 2165 - Pages: 9

Cango

...CanGo’s Week 2 Analysis As CanGo keeps growing as a leading business in the online entertainment industry, it requires some changes to face the challenges growing businesses have. Team A Consulting, one of the best consulting groups in the nation, will create a plan of action for CanGo to continue their success as an online internet entertainment business. During the last two weeks we have recognized the following challenges that CanGo faces in achieving their goals of being a dominant player in the online entertainment market. Additionally, we have added recommendations on how the company can overcome those problems. 1. Issue One CanGo does not have a formal mission and value statement. Liz, the CEO became the Business Leader of the year and was asked to give a presentation on how and why CanGo became successful. Additionally, the company does not have an outlined business strategy. Recommendation One CEO together with the help of the management team should create a vision and mission statement that highlights the values and goals of the company towards their clients and future in the online entertainment market. This will enable them to be more successful and attract more capital from investors in their online gaming plans. According to Dess “Managers often search continually for the one elusive solution that will solve their firm’s problems—that is, the next holy grail of management. Furthermore, presentation on the company’s mission and operation strategy will......

Words: 1077 - Pages: 5

Cango

...CanGo Financial Income Statement Comparison of the years 2008 and 2009. In order to find out what division had the greater profits I choose to do a Comparison of CanGo Financial Statement from 2008 to 2009. In 2008 CanGo total revenue was $10,000,000, and increased to $50,000,000 in 2009. The 2008 Expenses which consisted of (CanGo’s On-line Gaming, AD & Sales, and other expenses) Total $9,600,000, which brought the overall all net before taxes to $400,000.00 but increased in 2009 to $8,440,000.00. At first glance one might conclude that is increase in performance was due to the acquisition of the on-line gaming division, whose revenue equaled the other two divisions combined (Books $7,000,000 and CD/MP3 $3,000,000) which gave us the total revenue of $10,000,000 for 2008. But is this true? Was online gaming the source of the increase in profits? Based on the financial data that was available in CanGo’s financial statement it clearly shows that the online books sales was the only profitable division with revenue of $15,000,000, Expenses at most $6,560,000 with a net of $8,440,000.00. Given the amount that the Books Sales Division has brought to the company I would recommend that the Book Sales be Prioritized over the other division. Because the market is becoming more and more dependent on mobile internet connections. Can Go needs to perform at a higher level than current ability. In order to progress further toward a wider geographical gap, Can Go should consider...

Words: 401 - Pages: 2

Cango

...CanGo Business Analysis Team B DeVry University BUSN 460 Table of Contents Page EXECUTIVE SUMMARY............................................................................................................2 INTRODUCTION...........................................................................................................................5 SWOT ANALYSIS.........................................................................................................................6 FINANCIAL ANALYSIS...............................................................................................................7 Financial Strategic Recommendations...............................................................................8 MARKET ANALYSIS...................................................................................................................9 Market Strategic Recommendations................................................................................10 STRATEGIC PLANNING...........................................................................................................10 Planning Strategic Recommendations.............................................................................11 COMPETITIVE ANALYSIS.......................................................................................................12 Competitive Strategic Recommendations.......................................................................13 HUMAN......

Words: 4842 - Pages: 20

Cango

...Competitive analysis CanGo is a company that operates in the Internet industry (E-tail) through three major segments: books (e-books), CDs, and videos. They are planning on diversifying themselves by adding a new segment to their company, the online gaming segment. Other companies already operate successfully within the Internet industry (e-tail) or in the book industry. Those companies are CanGo’s competitors. EBAY: eBay Inc. is an American Internet company that manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. In short, the company is a giant marketplace used by more than 100 million people to buy and sell all manner of things to each other. * Revenue 2009: $7.67 billion (second position in the e-tail) * Strength : Strong customer relationships founded on a Consumer-to-Consumer business model, where strong interrelationships occurs, for example where buyers and sellers leave feedback for each other, and whereby awards are given to the most genuine of eBayers. * Weakness: the eBay model does leave itself open to a number of fraudulent activities. AMAZON.COM: Amazon.com, Inc. is an American-based multinational electronic commerce company. Headquartered in Seattle, Washington, it is America's largest online retailer. * Revenue 2009: $24.51 billion ( 1st position in the e-tail) * Strength: Its competitive advantage is enhanced by their strategies...

Words: 687 - Pages: 3

Cango

...Overview of CanGo CanGo is an online gaming company. The company has some major strengths and weaknesses. Some major strengths being the popularity of the company's product, employees seem motivated, and the CEO of the company seems to be a very good leader, even receiving a reward for this. Some major weaknesses include: Not having a Mission/Vision Statement, No real Strategic Planning for the company, Organization skills are lacking, and goals are not prioritized. The CEO of the company realizes the much of CanGo success has had little to do with planning and more to do with “luck” and being at the right place at the right time. II. Areas of concern: 1. Strategic Management Strategic management can be used to determine mission, vision, values, goals, objectives, roles and responsibilities, timeliness, etc ("Management faqs," 2012). This company needs to determine a mission and vision statement, prioritize goals and objectives, and it seems that some employees need to learn how to utilize tools available to them, including software, filing systems, and even other co-workers. 1.1 Developing a Mission Statement CanGo needs a mission statement that defines who its customers are, what products and services it supplies, and how these products and services are provided. Alpha Consulting suggestion for mission statement: To provide quality, affordable online gaming to our customers, ensure customer satisfaction, and in turn, increase company growth. 1.2 Developing a Vision......

Words: 797 - Pages: 4

Cango

...Ongoing Operations. There is a problem right now with ongoing operations and all these new ventures that Cango wants to take on. There has to be some kind of trade off with quality because at the moment Cango does not have enough staff to handle everything that they are putting on their plate. There is not enough capital to handle ongoing operations and develop all these new operations. Cango cannot lose focus of their ongoing operations and they cannot take people away from these operations to develop their new ventures. This will cause core business operations to fail. There are very little resources to spread around the company and to take resources away for core business functions will become a bigger problem then a benefit. They have to free up some capital in other ways then to take away from current operations. Even manpower needs to be kept on a guideline to make sure that the focus is not being taken away from the ongoing operations. Recommendation: My recommendation is to focus on one venture at a time. This will allow Cango to handle their ongoing operations and have time to start development on one new project. But they should not start to develop more then one new project at a time unless they want to outsource a majority of the work. They also can launch an IPO to build capital so that they could bring on more people to develop the system in house. This will give them the flexibility to go from project to project while not letting ongoing......

Words: 334 - Pages: 2

Cango Analysis

...structure, CanGo needs to allocate resources and manage dependencies. Companies will often sail through the senior team meetings without those in attendance knowing exactly what they’re signing up for, because senior executives already have an execution plan for what they want senior team members to accomplish. Liz and Warren need to make sure that projects are prioritized, assign who is responsible for what part of each project; this will allow everyone to know what is going on and also give the team a sense of structure that they need. They know what the expectations are and so they should coordinate resources among Senior Staff to ensure these projects are executed. The senior team needs to understand their role in the decision-making process in order to make things fun more smoothly. CanGo senior management can build its effectiveness through members’ collective impact on the business, focus on alignment, and identify critical dependencies within the organization’s most strategically important activities. 2. Problem: CanGo’s performance evaluation process appears to be ineffective with no clear criteria that would help the company, managers and the employee’s progress towards the future. Recommendation: CanGo’s current evaluation system, as presented by Warren, is a great start to developing a fair and productive work environment. The system has to be clear and concise so it benefits the employee, manager and ultimately the company. Although CanGo......

Words: 373 - Pages: 2

Cango Recommendations

... Our next recommendation would be to decide which global market(s) to penetrate and develop the short-, medium-, and long-term goals for that strategy. This will give you the boundaries in which your company can perform. To maintain complete organization after markets are identified, we recommend incorporating the use of a project manager to oversee all new ventures that CanGo undertakes. Having a project manager will ensure organization in future project planning which will move your company quickly to reaching any goals set forth. According to a recent study performed within companies who don’t have a project manager, only 29% of projects were completely successful in 2009, 23 % were failed, 45% were average cost overrun, 65% were time overrun and 49% were challenged projects. The above statistics show the benefits in having a project manager. As far as implementing new positions, we also recommend creating a position for a warehouse facilitator. This person would be in charge of controlling the product delivery process, inventory management, and the communication between the warehouse and rest of CanGo. When looking at your company on a customer service level we have come up with some recommendations we believe will help in that area. Our first recommendation is to implement an online shopping chat feature that will help provide customer service during the purchasing process. This way, customers aren’t experiencing extremely high wait times to ask questions when......

Words: 679 - Pages: 3

Cango

...CanGo needs to go beyond bench testing and go through the beta test phases Beta Stage 1- Private Contacts should be ready the first day the beta launches. The product you are asking people to test should be relevant to their interest or job. We recommend contacting people you knew who run web hosting companies or have servers that could actually directly benefit from the product. Beta Stage 2 – Private You now need to approach people who you don’t know. Run this for several weeks getting detailed feedback from users who were involved. This is the best time to build a good relationship with a small number of users who are already linked into your product development. The best possible outcome is users who start promoting for you. It is important to invite only a small number of people at a time – the trickle effect. If you have too many users you won’t be able to co-ordinate the feedback Beta Stage 3 – Public And then go public It is important to remember that people who sign up to an open beta probably won’t provide feedback. This is because they’re more likely to be testing it out to see if it’s any good and don’t actually care about helping you out. Revision of ASRS and Process Flow Chart So we see here to the left, The Second line for vendor and supplied books room should remain the same, but a switch of the host room and returns should be made, that way if a customer decides they do not want the book after all; it could be closer to receiving area and closer......

Words: 622 - Pages: 3