FranklinCovey

FranklinCovey
Website www.franklincovey.com
FranklinCovey
Public company
Traded as NYSE: FC
Industry Education and training services
Founded May 30, 1997
Headquarters West Valley City, Utah
Key people
 Robert Whitman, Chairman/CEO
Stephen Young, CFO/CAO/VP of Finance/Controller
Stephen R. Covey, Co-Founder
Hyrum W. Smith, Co-Founder
Products Planners and effectiveness training
Revenue Increase $205.2 million[1] US$ (2014)
Website Official website

Franklin Covey Co., trading as FranklinCovey, based in West Valley City, Utah, is a provider of time management training and assessment services for organizations and individuals. The company was formed on May 30, 1997, as a result of an acquisition by Franklin Quest of Stephen R. Covey's Covey Leadership Center. Among other products, the company markets the FranklinCovey planning system, modeled in part on the writings of Benjamin Franklin, and The 7 Habits of Highly Effective People, based on Covey's research. FC Organizational Products, LLC is the official licensee of FranklinCovey products. FranklinCovey also has sales channels in more than 50 countries worldwide.

Effect of merger

Hyrum Smith, then the CEO of Franklin Quest, expected that the 1997 acquisition would increase market value through the synergistic combination of Covey's 7 Habits book with the Franklin Planner and with its associated training-courses. However, after the merger FranklinCovey's stock price dropped from around $20 per share to a low of under $1 per share in early 2003. As of June 1, 2006, it traded around $7 per share which has increased their purchase rate. From late 2009 to mid-2010 the stock price moved in the range $5.5 to $8.[2]

Store closures

Franklin Covey selectively closed their stores to the point that they now only have a single retail location in Utah.

Products

The company markets a variety of book and audio products based on Covey's 7 Habits material, as well as numerous titles by other FranklinCovey consultants. The company also offers two main training courses: one based on The Seven Habits of Highly Effective People; and another based on the original FranklinQuest time management program, now titled Focus.

Additionally, FranklinCovey has launched a line of new training and consulting products focusing on leadership and organizational alignment. Software implementation of the company's planning system is named "PlanPlus for Windows", and an online version is offered under the brand PlanPlus Online."

References

  1. ↑ "Franklin Covey Revenue ". Investing.businessweek.com. Retrieved 2014-12-01.
  2. ↑ "Franklin Covey Stock Price FC". Google.com. Retrieved 2014-02-27.

External links

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