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Carol Baine Case Study
Carol Baine Case Study
Carol Baine Case Study
Q2: How big a part did carol’s traits play in the expansion of the company?
Carol's quality indicates that she will play a significant part in the company's growth.
Following her husband's death, she worked extremely hard for the firm and helped it reach
the heights that her partner desired. The firm has been steadily improving since she took
charge. Prior to her arrival, there were just five employees, which grew to twenty when she
arrived. Her management degree came in handy as she made confident investments in
finance, marketing, advertising, and sales, allowing the firm to reach new heights and make
additional procurements and hires.
Q3: Would Carol be a leader in other business contexts?
Carol may be a leader in different business situations since she possesses all of the necessary
qualities. Carol is a person with a strong personality. She was extremely concerned about
people being treated fairly and considerately. She believes in establishing a family-like
environment for her staff, implying that she values human ties. She promotes the company's
as well as her employees' interests. Furthermore, her business degree may assist her in
excelling in any sector and standing out as a leader since she has a strong understanding of
how to handle many aspects of a firm (such as finance, marketing, advertising, and sales)
when combined with experience.
Summary:
Carol, who lost her husband, Baines Company's owner. She made the decision to take over
the firm after he died and turn it around, and if the firm was not large, she was able to
transform it into a successful $3.1 million business instead of the $200,000 in the previous.
She was confronted with challenges; first and foremost, she needed to familiarize herself with
the organization, as she had never worked in that field previously. She conducted a thorough
company analysis so that she could implement long- and short-term objectives that would
help her succeed in the future. She had the qualities and abilities that a leader should possess.
Her new management and control here version made her more liked to the employees since
she was compassionate with the staff and the turnover rate of staff dropped with her fresh
management and control version, even though she was diagnosed with breast cancer. She
eventually handed up ownership of the company to her sons and worked as an accountant for
them.