Management is an essential function that is critical to the success of any organization. In essence, management is the process of planning, organizing, directing, and controlling resources to achieve specific goals and objectives. In this case study, we will apply the primary functions of management to a specific business scenario.

The scenario in question involves a medium$-$sized retail store that specializes in selling electronics. The store has been in operation for five years and has been experiencing a steady increase in sales. However, the store owner is concerned that the growth rate is slowing down and wants to develop a plan to maintain and even increase the current rate of growth.