A Brief Note On Uk And Eu Small Business Policy - 2654 Words

Richmond The American International University in London School of Business and Economics Master in Business Administration ENT7100 Economics for Business Assignment 1 Compare and Contrast UK and EU Small Business Policy David Longbottom 000055846 November 2014 Table of Contents Executive Summary 3 1.0 Background 4 1.1 Definition 4 1.2 Objectives 5 1.3 Challenges 6 2.0 Analysis 7 2.1 Overview 7 2.2 Similarities 8 2.3 Differences 9 3.0 Conclusions 11 4.0 Bibliography 12 3.1 Text Books 12 3.2 eBooks 12 3.3 Websites 12 Executive Summary The assignment outlines arguments to compare and contrast UK and EU Small Business Policy. The assignment includes: †¢Ã¢â‚¬ ¦show more content†¦In 2014 SMEs account for 99.3% of firms (4.8 million companies), 47.8% of employment (15.2 million people) and 33.2% of annual turnover ( £1.6 Billion)6. The European Commission SME Performance Review provides estimates for the EU private sector. In 2014 SMEs account for 99.8% of firms (21.6 million companies), 67.5% of employment (88.8 million people) and 58.4% of annual turnover (â‚ ¬3.6 Trillion)9. 1Sloman, J, Hinde, K, Garratt, D. Economics for Business. Prentice Hall Financial Times, 2006. 2Muller, P, Gagliardi, D, Caliandro C, Bohn, NU, Klitou, D. Annual Report on European SMES 2013/104: A Partial and Fragile Recovery. European Commission. 2014. 5Wikipedia. â€Å"Small and medium-sized enterprises.†, http://en.wikipedia.org/wiki/Small_and_medium-sized_enterprises, accessed 4th December 2014. 6Federation of Small Businesses. â€Å"Small Business Statistics.†, http://www.fsb.org.uk/stats, accessed 30th December 2014. 9European Commission. â€Å"SME Performance Review.†, http://ec.europa.eu/enterprise/policies/sme/facts-figures-analysis/performance-review/index_en.htm, accessed 30th December 2014. 1.2 Objectives The SME sector is a significant component of the EU economy responsible for driving growth through entrepreneurship3. The primary economic benefits of entrepreneurship are: †¢ Job Creation †¢ Innovation †¢ Productivity †¢ Growth In the UK, 62% (3.3 million) ofShow MoreRelatedUK - Analysis Report31935 Words   |  128 Pagesbut the threat from terrorism continues to be high The UK adheres to a democratic, parliamentary system of governance known as the Westminster system. The structure of the administration ensures that there is an adequate separation of powers between the executive branch, led by the prime minister, the bicameral legislature and the judiciary, and that there is a system of checks and balances in place. As the governance indicators illustrate, the UK is one of the most successful nations in terms of theRead MoreCase Study : Business Management And Ownership Structure1130 Words   |  5 Pagesone roof of business. Our Convenience store products will be the core business area of company which will be updated and diversified with the changing consumer and food industry requirements. The company at the start of their business will initially target the UK market only, business operations will ho wever be expanded to other geographic areas of the globe in long run. The Director will start business with initial investment of GBP 200,000. It will be incorporated with company house UK later on afterRead MoreEssay on Business Marketing Plan3195 Words   |  13 Pagesregarding the creation of a business producing and distributing leisure/sports wear clothes in UK. The business plan is designed to function under a focus-differentiated strategy, via internal resources. In the sense that growth will be achieved through the resources equally provided by the two owners of the business. The differentiation point of the product, as reflected by the marketing mix, will be the one emphasizing the good quality of the product and quick service of the business. In order to minimiseRead MoreUnit 1 Business Environment4879 Words   |  20 PagesUnit 1 Business Environment Ana Maria Vid 27th Nov 2015 Unit 1 Business Environment I hereby confirm that this assignment is my own work. I have identified and acknowledged all sources in this assignment and have referenced according to the Harvard referencing system. I have read and understood the Plagiarism and Collusion section provided with the assignment brief and understood consequencesRead MoreUk Supermarket Financial Analysis5179 Words   |  21 Pagesfresh and tasty food. Quality and fair prices go hand-in-hand with a responsible approach to business. Sainsbury’s stores emphasize fresh food and the staff strives to continuously innovate and improve products in line with customer needs. Their online groceries business continues to grow, with annual sales up over 20 per cent and weekly orders regularly over 130,000. The service reaches over 93 per cent of UK households, through its 187 stores. Non-food online sales also continue to grow, supportedRead MoreEurope Economic Crisis55278 Words   |  222 Pages7|2009 EUROPEAN COMMISSION The European Economy series contains important reports and communications from the Commission to the Council and the Parliament on the economic situation and developments, such as the Economic forecasts, the annual EU economy review and the Public ï ¬ nances in EMU report. Subscription terms are shown on the back cover and details on how to obtain the list of sales agents are shown on the inside back cover. Unless otherwise indicated, the texts are published under theRead MoreHertfordshire Business School Guide to Harvard Referencing5306 Words   |  22 PagesHertfordshire Business School Guide to Harvard Referencing This guide has been produced by the ASU in response to questions from Hertfordshire Business School (HBS) students about the important subject of accurate referencing. It is essential for you to reference your work thoroughly because what you write for HBS must be evidenced - your discussion and arguments should consist mainly of academic theory and expert practitioner experience. These two main sources (theory and practice) MUSTRead MoreFins2622 Notes6832 Words   |  28 Pagesfree  flow  of  goods  and  services  Ã¯Æ'  Ã‚  i.e.  tariffs,  N.T.B’s  and  administrative   obstacles  removed.  Common  governance  mechanisms   ï‚ § 1980†1984  Ã¯Æ'  Ã‚  11  agreements  Ã‚   ï‚ § 1990†1994  Ã¯Æ'  Ã‚  33  agreements  Ã‚   o Up  to  February  2010,  462  Regional  Trade  Agreements  (RTA’s)  reported  to  WTO   ïÆ'  Ã‚  e.g.  EU,  NAFTA,  ASEAN,  MERCOSUR  Ã‚   ï  ® Assumpt ion:  Free  markets  mean  efficient  allocation  of  resources.  Benefits  for  all.  Ã‚   o However,  countries  in  the  regional  contract,  can  trade  with  eachother,  BUT  still   have  large  tariffs  for  people  outside  the  agreement  Ã¯Æ'  Ã‚  PREFERENTIAL  TRADE  Ã¯Æ'  Ã‚  Read MoreIct and Ebusiness Retail Industry88499 Words   |  354 PagesICT and e-Business Impact in the Retail Industry Study report No. 04/2008 European Commission, DG Enterprise Industry e-Mail: entr-innov-ict-ebiz@ec.europa.eu, info@ebusiness-watch.org Impact Study No. 04/2008 ICT and e-Business Impact in the Retail Industry A Sectoral e-Business Watch study by empirica GmbH Final Report Version 4.0 September 2008 This report was prepared by empirica on behalf of the European Commission, Enterprise Industry Directorate General, in the contextRead MoreItaly - Research Paper10557 Words   |  43 Pagesfound the following year. (Hearder, 1990) The Marshall Plan also sent more than $1.2 billion from the United States to Italy for reconstruction. The strong growth that Italy experienced after World War II helped it become a major player in the business world. Italy’s Quality of Life Index was eighth in the world in 2005 (the United States was ranked thirteenth) and was ranked as the eighteenth most developed country in the world. (Members of the, 2010) Some major international companies based