Strategic Audit of The Vermont Teddy Bear Company
American InterContinental University
In partial fulfillment of the requirements for MGT485
Strategic Audit of The Vermont Teddy Bear Company
The Vermont Teddy Bear Company is a very successful company in the United States. The company needs to find its niche in the foreign market that will allow them to use their strengths, decrease their weaknesses, explore their current opportunities and counteract any potential threats. One of the main issues of the company is the ability for other companies to imitate their teddy bears and competition with other companies using the teddy-gram in their marketing efforts
Internal Factor Analysis Summary(IFAS) and External Factor Evaluation (EFE)
Internal Factors Weight Rating Weighted
VTB name "Made in America"
VTB has brand recognition and a reputation for quality products
Comfortable environment for customers and employees
Zoning problems with purchased land
Fluctuating sales
People continue collecting items that remind them of a time long past
Real estate has high value in the eastern part of the U.S.
Produces a quality product at a reasonable price
Facility designed as a small village
Investors concerned about capital investment requirements
Paid dividends are a major part of any successful organization
Sales should be at a steady increase and expenses remain steady or at least only increase slightly
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