Small and Medium-sized Enterprises (SMEs) play a crucial role in the economic growth and development of countries. Understanding the determinants of SMEs' performance, growth, and survival is essential for policymakers, business owners, and investors. This report aims to discuss the internal and external determinants of SMEs' performance, growth, and survival in the UK context.
To achieve this objective, the report will use two well-known analytical frameworks: SWOT Analysis and Porter's Diamond Model to explore the internal determinants, and PESTLE Analysis and Porter’s Five Forces Analysis to analyze the external determinants. Relevant examples and literature will be cited to provide a comprehensive understanding of SMEs in the UK.
The economic environment can significantly influence the performance of SMEs in the UK. For example, the COVID-19 pandemic has had a significant impact on the UK economy, leading to reduced consumer spending and decreased demand for goods and services. This has had a direct impact on the revenue and profitability of SMEs in the UK. However, some SMEs have been able to capitalize on new opportunities that have arisen as a result of the pandemic. For example, delivery services such as Deliveroo and Uber Eats have experienced increased demand due to lockdown restrictions.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- EXTERNAL DETERMINANTS OF SMES' PERFORMANCE, GROWTH, AND SURVIVAL IN THE UK
- PESTLE Analysis
- Porter's Five Forces Analysis
- INTERNAL DETERMINANTS OF SMES' PERFORMANCE, GROWTH, AND SURVIVAL IN THE UK
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This report aims to analyze the internal and external determinants influencing the performance, growth, and survival of Small and Medium-sized Enterprises (SMEs) in the UK. It utilizes the PESTLE and Porter's Five Forces frameworks to examine external factors and SWOT and Porter's Diamond Model to explore internal factors. The report will draw upon relevant examples and existing literature to provide a comprehensive understanding of the UK SME landscape.
- External factors impacting UK SMEs' performance.
- Internal factors contributing to UK SMEs' success or failure.
- Application of analytical frameworks (PESTLE, Porter's Five Forces, SWOT, Porter's Diamond Model) to understand SME dynamics.
- Impact of government policies and economic conditions on UK SMEs.
- The role of technology and competition in shaping the UK SME environment.
Zusammenfassung der Kapitel (Chapter Summaries)
Introduction: This introductory chapter sets the stage for the report by highlighting the crucial role of SMEs in the UK economy. It clearly outlines the report's objective: to investigate both internal and external factors that determine the performance, growth, and survival of UK SMEs. The methodology is presented, emphasizing the use of established analytical frameworks such as PESTLE, Porter's Five Forces, SWOT, and Porter's Diamond Model to structure the analysis. The introduction successfully establishes the scope and direction of the report, promising a comprehensive investigation into the complexities of the UK SME landscape.
EXTERNAL DETERMINANTS OF SMES' PERFORMANCE, GROWTH, AND SURVIVAL IN THE UK: This section delves into the external forces shaping the success of SMEs in the UK. It begins with a PESTLE analysis, systematically examining the political, economic, socio-cultural, technological, legal, and environmental factors influencing the business environment. Examples like Brexit's impact on investment and the role of government support programs during the COVID-19 pandemic are used to illustrate these factors. The analysis then shifts to Porter's Five Forces model, analyzing the threat of new entrants, the bargaining power of suppliers and buyers, the threat of substitutes, and the intensity of rivalry. Specific examples such as the challenges faced by ASOS due to new market entrants, the influence of suppliers on Jaguar Land Rover, and the impact of consumer bargaining power on Amazon UK illustrate the framework's practical application.
Schlüsselwörter (Keywords)
Small and Medium-sized Enterprises (SMEs), UK economy, PESTLE analysis, Porter's Five Forces, SWOT analysis, Porter's Diamond Model, economic growth, business performance, external determinants, internal determinants, government policies, competition, technology, Brexit, COVID-19 pandemic, supply chain, consumer behavior.
Frequently Asked Questions: A Comprehensive Language Preview of UK SME Performance
What is the purpose of this report?
This report analyzes the internal and external factors influencing the performance, growth, and survival of Small and Medium-sized Enterprises (SMEs) in the UK. It uses established frameworks like PESTLE, Porter's Five Forces, SWOT, and Porter's Diamond Model to provide a comprehensive understanding of the UK SME landscape.
What external factors are examined?
The report examines external factors using PESTLE analysis (Political, Economic, Social, Technological, Legal, Environmental) and Porter's Five Forces (Threat of new entrants, Bargaining power of suppliers, Bargaining power of buyers, Threat of substitutes, and Rivalry among existing competitors). Examples illustrating the impact of Brexit, government support programs (e.g., during the COVID-19 pandemic), and specific industry challenges are included.
What internal factors are considered?
While not explicitly detailed in the provided preview, the report indicates it will explore internal factors using SWOT analysis and Porter's Diamond Model. This suggests an examination of the company's internal strengths and weaknesses, as well as an assessment of its competitive advantage within the UK market.
What analytical frameworks are used?
The report utilizes PESTLE analysis, Porter's Five Forces, SWOT analysis, and Porter's Diamond Model to analyze both external and internal factors affecting UK SMEs. These frameworks provide a structured approach to understanding the complex interplay of factors influencing SME performance.
What are the key themes explored?
Key themes include the impact of external factors (political, economic, social, technological, legal, environmental) on UK SMEs, the role of internal factors in SME success or failure, the application of analytical frameworks to understand SME dynamics, the influence of government policies and economic conditions, and the role of technology and competition in shaping the UK SME environment.
What is included in the chapter summaries?
The preview includes a summary of the introduction, which outlines the report's objectives and methodology. It also summarizes the chapter on external determinants, detailing the application of PESTLE and Porter's Five Forces analyses with relevant examples from the UK SME context.
What are the key words associated with this report?
Key words include: Small and Medium-sized Enterprises (SMEs), UK economy, PESTLE analysis, Porter's Five Forces, SWOT analysis, Porter's Diamond Model, economic growth, business performance, external determinants, internal determinants, government policies, competition, technology, Brexit, COVID-19 pandemic, supply chain, and consumer behavior.
What is the target audience of this report?
The target audience is likely academics and researchers interested in the performance, growth, and survival of SMEs in the UK. The structured approach and use of analytical frameworks suggest a focus on a professional and academic understanding of the subject matter.
- Quote paper
- Anonym (Author), 2022, Internal and External UK Company Analysis of SME Market Entry, Munich, GRIN Verlag, https://www.grin.com/document/1461469