Terydyne Corporation Case Summary

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Matt Grant, a graduate from University of New Hampshire with a Bachelor’s Degree in Business has been put in a position to make a very hard life changing choice. Matt is married to his Wife Margy, who is also a graduate from the University of New Hampshire with a law degree. The Terydyne Corporation currently employs Matt as the purchasing manager and one of Matt’s old bosses opened up a privately owned company by Terydyne in San Diego, California. Matt jumped at the opportunity to work out there and move his family. Within 6 months of settling in, Matt saw a business opportunity that presented itself with Race Place publication. This publication was directed toward athletes specifically, runners. Matt has a new founded love for running and saw some major opportunity to expand on this publication and make his own. Unfortunately, the economy tanked and the company had to make some cuts, which included Matt. The company offered him a severance package; which he is very unhappy. Matt is forced with moving his family back to New Hampshire or pursue a potential business opportunity with a runner’s type of publication. Case Study of Matt Grant With any startup business investing one's own money is a scary task because there is not any definitive assurance…show more content…
First and foremost he has a business degree from the University of New Hampshire. Second, Matt has taken the time to take an entrepreneur class to get further educated. Third, Matt has done his due diligence with researching the potential business by understanding the landscape, interviewing those who have read similar publications and even participated in a few races him self. Finally, Matt excelled with the company Terydyne. Within a few years, he was promoted to purchasing manager and put in charge of fellow employees with more seniority. This suggests that Matt has a strong work ethic, competence and the ability to be a flexible
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