Vermont Teddy Bear Co
...CEO" (pages 22-1 through 22-22). Using the case, your readings, the Cybrary and the Internet, develop both an EFAS (External Factors Analysis Summary) Table and an IFAS (Internal Factors Analysis Summary) Table. It is important that you submit with your tables a description of both your environmental and internal scanning process, including what factors you considered and why. Explain the strategic management process within the global environment. Conduct various environmental analyses as they relate to an organization. Describe the role of corporate governance in strategic decision making. The Vermont Teddy Bear Company saw revenue climb 27.4% to $25.6 million. The big segment leaders for the almost $5.5 million increase in revenue are PajamaGram, BearGram, and Calx & Corolla. They posted revenue improvements of $3 million, $2 million, and $680,000 respectively.
External Factor Analysis Summary
Opportunities
Settlement of NY real estate litigation
The Vermont Teddy Bear Company's settlement for their closed down New York retail store is a positive step for the company. In March of 2005, the Company continued its settlement discussions with the Company and on April 27, 2005, the Company entered into final settlement of its litigation relating to a former lease for retail space in New York City. Under the terms of the settlement, the Company paid its former landlord $1.15 million when the settlement agreement was executed, including the release of a $150,000 security deposit previously held by the landlord, and the Company will pay the landlord an additional $1.2 million on or before March 15, 2006, without interest ("Vermont Teddy", 2005). While this negatively affected net income for the third quarter in 2005, it also signals an end to litigation expenses and loss of executive focus due to this issue. It
was a good move to get this over...
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