Question: Management Strategy in a Small Business (Case Study) (Assessment Task) Instructions After studying the required resources of the module, examine the case below and answer

Management Strategy in a Small Business (Case Study) (Assessment Task) Instructions After studying the required resources of the module, examine the case below and answer the discussion questions.

Case Description: Carlos is an entrepreneur who decided to open his own organic store in his community. After a year of operations, the store has seen steady growth and Carlos finds himself faced with the need to make key management decisions to continue expanding his business. Despite his initial success, Carlos faces several challenges in his role as manager. Context: Carlos has gone from being the only employee in his store to having a small team of part-time employees who help him with sales and inventory. In addition, he has noticed that competition in the organic market is increasing, which makes him think about strategies to differentiate his business.

Discussion Questions:

Planning and Objectives: What steps should Carlos take to establish clear goals and objectives for his organic store? How could you apply SWOT (strengths, weaknesses, opportunities, and threats) analysis to improve your strategic planning? Organizational structure: Carlos is realizing that he needs more help to manage his growing business. How could he better organize the structure of his team of employees? What factors should he consider when designing his organizational structure?

Direction and leadership: As a manager, Carlos is faced with the challenge of leading his team of employees and motivating them. What leadership styles might be effective in this context? What leader skills do you consider essential for Carlos in his role as manager?

Control and decision making: Carlos needs to ensure that his store continues to operate efficiently and that his goals are met. How could he implement a control system in his business? What types of decisions should he make regularly to adapt to changing market conditions?

Business ethics: In a competitive market such as the organic produce market, it is important for Carlos to make ethical decisions. How could he ensure that his business is ethical in all of its operations and business relationships? How important is ethics in business management?

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