a) You need to identify the direct competitors and indirect competitors
b) The type of competition in the market and the reason : perfect competition, monopolistic competition, oligopoly, and monopoly.
2)Conduct a SWOT analysis for your SME (150 words
What are they doing well? What are the unique things they are doing compared to competetors
3) a)Identify the current growth and development strategy (150 words)
At which growth stage is situated you SME? And why ? (Please provide reason(s)
b) Identify their current strategy for development
Five Stage of Business Growth
Existence: staying alive by finding products or services and customers
Survival: establishing the customer base, demonstrating viability
Success: confidence in its market position, options for further growth
Take-off: opting to go for growth
Maturity: the characteristics of a larger, stable business
Suggest a suitable leadership style/styles (200 words)
You have been asked to :
Suggest a suitable leadership style/styles that entrepreneur/ small business owner could use to take the company through its next stage of growth and development (100 words)
Give reasons using suitable theory/theories and at least one journal article that talks about leadership for entrepreneurs. (100 words)
Students are also expected to consistently support their work with reference to appropriate sources related to SMEs(cited in accordance with the Harvard referencing convention).
You can suggest or more leadership styles/behaviors or your choice