The Main Threat to Small Business - Assignment Example

In addition to that, some external factors also play a significant role in determining the performance of any small business.... Motivation for starting a small business Asked what motivated him to start a business, Mr.... Mark to begin his small business.... It is for ensuring his job security that he began to begin his own small business.... In summary therefore, the main motivations... Name Professor Course Date Introduction Various factors motivate people to do business....

New digital products threat New digital products is equal to a low-level threat to the glam media company.... The paper “Competitive Threats in E-business” focuses on two categories of competitive threats that act on the e-business.... The competitive threats can act to either enhance business performance or greatly lower its performance.... On the sell side threats, the company is faced with the issues of customer threats and entry of new business models (Chaffey 2011)....

This paper "Strategic Management of Tesco Plc" focuses on the fact that Tesco PLC is a leading grocery and general merchandising retailer that has succeeded in today's uncertain business environment.... It is now a successful, high performing organization with a high international business standard.... Fair trading is becoming increasingly important in the UK's business environment.... Increased availability of credit is an important economic factor in the UK business environment of Tesco because the availability of credit itself provides financial confidence to the consumer and as a result it leads to the growth of premium foods and less demand on economy products....

Internet connection particularly a 24/7 broadband connection is also a security threat to small businesses which probably lack the resources and technical skill to deal with it.... The deficiency of small business to hire a diverse IT staff as commonly found in bigger companies is a hindrance.... In addition, the Internet is able to make 71 percent of small businesses to begin conducting different business tasks, such as servicing the customer and doing procurement, as a recent survey shows (American Express, 2002)....

‘Cloud7' chocolates will be exciting small treat that would fulfill a personal goal of providing the target market with exceptional chocolate experience.... Cloud7's gives… Our mission is to continually provide our customers with quality small treat chocolates at lowest possible prices.... n recent years, chewing small treat chocolate has been one of more dynamic sectors with in the confectionary market, especially in United Kingdom....

The framework exposes the main threats & opportunities in various categories classified in economic, market & competition, political, product & technology, demographic & social business environments.... The study “Factors Affecting Real Chocolate Company's business” based on the TOWS matrix, Porter's Five Forces, PESTEL 's and VRIO analysis, predicts the brand's successful development due to its good reputation, a wide range of products and modern equipment, but reminds about the rivals' threats....

orter (1980) stated that for one to get insights about the business environment within which a company does business, it is necessary to perform a PESTEL evaluation that identify how different factors affect or shape-up the aforesaid business.... (2009) it was observed that PESTEL evaluation helps in identification of factors that influence the cost, demand, supply, and general financial performance of any business organisation....