The Vermont Teddy Bear Company :: Business Marketing

The Vermont Teddy underpin CompanyIntroductionThe Vermont Teddy Bear Company (VTBC) was founded in 1981 by John Sorinto. Unfortunately, for John, the company became too big for him to oversee since he was an entrepreneur. However, he gracefully stepped down in 1995 and supported the hiring of a new CEO that would lead the company into its future success (Vincelette, p. 27-3). One thing that has remained is the companies focus. The Vermont Teddy Bears ...focus has been to design, manufacture, and direct market the best teddy bears made in America using quality American materials and labor. (p. 27-1) In fact, American made with American materials is the basis of the companys mission statement.Planning for the future of Vermont Teddy Bear Co. Inc it is all-important(prenominal) that we consider conditions/trends in the internal environment of the company that may impact the future success of the company. These factors (conditions/trends) select financial resources, human resources, t he quality of products and services provided the readiness of internal processes, student and stakeholder satisfaction, and the company culture. Specification of these factors depart cede us to 1) identify their potential impact on the market 2) assess the probability that they will continue 3) categorize them as strengths or challenges 4) rank them in terms of how well the company is doing in each category.The internal strengths and weakness analysis examines the recent performance of the Vermont Teddy Bear Co. Inc in terms of marketing, finance, operations and logistics, research and development, human resource management and information systems. The purpose of this analysis is to provide the data for the gap analysis -- the current performance of Vermont Teddy Bear Co. Inc and the desired (vision) performance required to successfully increase market share and customer satisfaction. Since strengths and weaknesses involve the study of the internal structure, or come from withi n the organization. This process is extremely important because Vermont Teddy Bear Co. Inc may want to develop new goals that should allow them to maximize its position relative to each functional area. 1Opportunities Larger manufacturing facility Retail storesMade in AmericaProduction and Service, Customer aspectThreats Competitors (chocolates, flowers, and greeting cards)Disney /Patents, Trademarks, and licensesBear Grams 2.20.07.18.15..20.10.10 34.64.25.04.23.62.82.5 4 0.920.290.900.630.720.280.25The small village, the Teddy Bear CommonMore retail stores are willing sell Attracts much Americans.The company provided unique and original customized products to everyone, from ages 1-100.advantage of national and international distribution opportunitiesThe customers became confused and allowed Disney to enter the personalized teddy bear gift market.