Nobody downloaded yet

Economics of small and medium enterprises - Essay Example

Comments (0) Cite this document
Summary
This essay talks about the actions of the Government of UK, taken in order to revitalize activities of the small and medium scale enterprises (SMEs) in the country. SMEs act as one of the pivotal points in United Kingdom around which the growth and prosperity of the entire nation revolves…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.2% of users find it useful
Economics of small and medium enterprises
Read TextPreview

Extract of sample "Economics of small and medium enterprises"

Download file to see previous pages This essay offers a comprehensive review of the current economic policy of the UK government towards small and medium-sized enterprises. The efficiency of such policy is also analysed. The smaller firms are less fortunate to obtain significant financial aid to combat their insolvency problems. The successive governments in UK have been witnessing comprehensive policy initiatives for uplifting the small enterprises.
The very existence of SMEs is vital for the overall economic growth of the developing nation of UK. For preserving the economic opulence of the country, the existing small enterprises must be rescued from all hindrances of sustainability.
The threat to these business units resulting into critical problems such as severe unemployment and decline in the economic growth has made the Government to identify the urgency to rescue such SMEs from collapsing.
Various action plans and schemes have been taken up by the government for protecting these enterprises. However, the government itself, along with others, admits that a lot of work is yet to be done for achieving the success of reviving small enterprises. There lies a wide gap between preparation of plans and measures, and putting them into appropriate actions thereby ensuring viable results. Impeccable efforts are still missing in order to bridge up this gap.
In spite of the endeavours for complete eradication of the barriers faced by the struggling small business firms, a viable implementation of actions for the revitalisation of the SMEs is still lagging far behind.

...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Economics of small and medium enterprises Essay”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1536916-economics-of-small-and-medium-enterprises
(Economics of Small and Medium Enterprises Essay)
https://studentshare.org/macro-microeconomics/1536916-economics-of-small-and-medium-enterprises.
“Economics of Small and Medium Enterprises Essay”, n.d. https://studentshare.org/macro-microeconomics/1536916-economics-of-small-and-medium-enterprises.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Economics of small and medium enterprises

Small and Medium Enterprises

...Small and Medium Enterprises Questions 1: The Impact of 2008 Recession on SMEs Before the recession that began in 2008, SMEs were performing well and could access credit from financial institution to expand their operations. However, the recession brought about uncertainties on the future performance of businesses. Thus, small and medium enterprises could not easily access credit. The credit approval rates reduced not only for SMEs but also for large institutions as well. The recession weakened the ability of lenders to meet the demand for loans especially without security. The economic downturn brought about financial...
12 Pages(3000 words)Essay

A review of academic research undertaken in relation to Small and Medium Sized Enterprises

...launched the equally successful Lisbon Growth and Jobs Strategy in 2005. Next, the European Union leadership focused their attention to helping the small and medium enterprises improve their European Union business prospects (Dallago, 2012). In 2008, the European Union launched the timely Small Business Act for Europe. The act contains three favorable aims. First, the government leaders set the guidelines for the improvement economic environment of the small and medium enterprise players. The improvements will trigger higher revenues. With higher revenues, the enterprises can hire more...
10 Pages(2500 words)Assignment

Small and Medium Enterprises

..., sustaining the small and medium enterprises is considered a challenge for the companies in different countries. They are strongly affected by the external environment, such as political, economic, socio-cultural, technological and legal forces. From this point, the research will aim at investigating the appropriate strategies for SMEs to survive in the future. References: 1. APEC (2009). 16th APEC Small and Medium Enterprises Ministerial Meeting - Joint Ministerial Statement. Available online at...
5 Pages(1250 words)Essay

Small and Medium Enterprises Coursework

...Introduction Small and medium enterprises (SMEs) play a vital role in the economic development of a nation. Promoting SMEs result in creation of new jobs and are usually the result of innovation and creativity which further fuels the economic health. Normally small sized businesses capitalize on the local strength and later expand their core competencies. Governments in many countries are providing benefits so that economy can flourish with the SME culture, governments are focusing on trade and investment liberalization so that even foreign direct investment can add to the nation's revenue; other government steps include privatizing the...
40 Pages(10000 words)Coursework

Small and Medium Sized Enterprises

...59 Figure 16 - Sales Training Environment 60 Abstract This purpose of this study is explore new insights concerning 'organizational effectiveness', and the relationship of the preceding with entrepreneurial orientation, market orientation, sales force performance, and sales organization effectiveness in Small and Medium Sized Enterprises (SME's). The foregoing represents a daunting challenge, in that these areas contain psychological as well as motivational facets, in addition to the organizational precepts. The cross-organizational...
75 Pages(18750 words)Dissertation

Globalisation and Small Medium Enterprises

...Globalization and Small Medium Enterprises The 20th century has seen a sea change in global commerce with the rise of transnational conglomerates / multinational corporations. On event of these developments, there have taken place a worldwide desegregation of production and the concept of transfer prices, which is inclined towards distorting the real prices of manufactured components transferred across national frontiers but within a single multinational corporation. Clearly, large global corporations have been instrumental in creating a substantial portion of this century's wealth. But the driving force behind the world's economic growth over the past two decades have undoubtedly been the small and medium enterprises (SMEs... ). They...
12 Pages(3000 words)Essay

Managing small and Medium Enterprises Year 3

...and www.abctoysblog.com will be used for providing necessary information and endorsing interaction / communication with targeted customers. Billboards will also be used mostly on top of a high-rise building, in front of hospitals, old and elderly care centers, community parks etc. Next, the company will use social media such as YouTube, Twitter, Face Book and blogs to update customers about promotions, new arrivals, recreational activities and events etc. 4. Management Team ABC Toys is a medium size enterprise that currently has monetary sales level of $2.5 million in Brisbane and a network of 95 workers out of which 50 serve in production, 10 workers in administration / management (out of which 3 are...
25 Pages(6250 words)Essay

Small and medium enterprises

...Small and medium enterprises Section I: Introduction Small and medium enterprises have been playing a pivotal role in the economic development and uplift all around the world. Their part in creating new employment opportunities has been pivotal and decisive both in the first and third world countries. Being at a very limited scale and bound to some sanctions, SMEs have to obey some pre-defined protocols and best entrepreneurial practices in order to succeed. There are different success criterions for an SME some of them are discussed below in order to summarize the key points which can be a benchmark for the...
12 Pages(3000 words)Essay

Social Media for Small to Medium Enterprises

...Social Media for Small to Medium Enterprises s Submitted by s: Executive summary The developments that have been seen in social media have enabled entrepreneurs with many opportunities that help them to expand their businesses at the same time enhancing their profitability (Longenecker, 2012). Most of the sites that are associated with social media were initially meant to assist friends and relatives to make connections with each other over the internet. This remains to be the key objective even though businesses have progressively taken up the use of social media to make the goal that they have known to their potential clients and peers. There is a variety of social media sites such as...
8 Pages(2000 words)Essay

Small and Medium Enterprises (SMEs)

...Federation of Accountants (April, 2010). The Role of Small and Medium Practices in Providing Business Support to Small- and Medium-sized Enterprises http://www.ifac.org/sites/default/files/publications/files/the-role-of-small-and-mediu.pdf Ayyagari, Beck and Demirguc- Kunt (2005). Small and Medium Enterprises across the Globe http://siteresources.worldbank.org/DEC/Resources/847971114437274304/SME_globe.pdf Shara L., Daniel R., Deanna T., Charlotte R., Irving A., Dean A. (2010), (Page. 18) Small and Medium-Sized Enterprises: Overview...
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Economics of small and medium enterprises for FREE!

Contact Us