The Vermont Teddy Bear Co., Inc.: Challenges Facing a New CEO

The Vermont Teddy Bear Co., Inc.: Challenges Facing a New CEO Introduction Vermont Teddy Bear Company was founded in 1981 by John Sorinto selling handsewn bears out of a pushcart in the streets of Burlington, Vermont. Since this time, the company[s focus has been to design, manufacture, and direct market the best teddy bears made in America using quality American materials and labor. Until 1994, Vermont Teddy Bear experienced a great deal of success and profitability. …

…or consulting firms. The use of virtual teams to replace traditional face-to-face work groups is being driven by five trends: §Flatter organizational structures with increasing cross-functional coordination needs §Turbulent environments requiring more interorganizational cooperation §Increasing employee autonomy and participation in decision making §Higher knowledge requirements derived from a greater emphasis on service §Increasing globalization of trade and corporate activity References: Wheelen, Thomas L. & Hunger, J. David. Strategic Management and Business Policy (2004). Prentice Hall, NJ.