The Response of Small and Medium Sized Enterprises to COVID-19 Disruption and the Implications for the United Kingdom (UK)

Business Research
Project

Table of Contents
Table of Contents.............................................................................................................................2
INTRODUCTION...........................................................................................................................3
Background of Research.........................................................................................................3
Rationale of Research.............................................................................................................4
Research Aim.........................................................................................................................4
Research Objectives...............................................................................................................4
Research Questions................................................................................................................4
LITERATURE REVIEW................................................................................................................6
Immediate positive response of small and medium business adopted in order to recover from
COVID 19 pandemic in the United Kingdom for ensuring business is stable.......................6
Current decision making of small and medium business and determine the main challenges
faced by them in the UK during the COVID 19 pandemic....................................................7
Threats, occur due to external environment of market and also determine the potential
opportunities for SMEss.........................................................................................................7
Research Gap..........................................................................................................................8
RESEARCH METHODOLOGY.....................................................................................................1
Research Philosophy..............................................................................................................1
Research Approach.................................................................................................................1
Research strategy....................................................................................................................1
Research choice......................................................................................................................1
Data collection........................................................................................................................2
Data analysis...........................................................................................................................2
RESEARCH AND FINDINGS.......................................................................................................3
Discussion...............................................................................................................................6
CONCLUSION AND RECOMMENDATIONS............................................................................8
Conclusion..............................................................................................................................8

Recommendations..................................................................................................................8
REFERENCES..............................................................................................................................10

TITLE: The Response of Small and Medium Sized Enterprises to COVID-19 Disruption
and the Implications for the United Kingdom (UK).
INTRODUCTION
Background of Research
The outbreak of the COVID-19 has impacted the national as well as global economies.
Different firms are facing various problems with a certain degree of losses. Companies are
dealing with several issues including decreased demand, supply chain delays, export order
cancellations, raw material shortages, and shipping disruptions. Small and Medium-Sized
Enterprises are the backbone of several economies all over the world that give income as well as
employment generation to a large number of people around the globe (Baker and et. al., 2020).
Small and medium-sized enterprises in the UK had been struggling to thrive due to complex
trading restrictions imposed due to arise the pandemic of COVID-19. The UK economy's main
source is small and medium-sized businesses. They are becoming more concerned about the
country's poor economic prospects.
There are many SME in UK which are playing vital role in improving the economic
growth of the nation which comprises of Davison Canners, Fourex, Imaginera,
LovetheSales.com, Marshfield Bakery, Trusted Housesitters, etc. which are being negatively
impacted and affected by the current situation of Covid-19. In context of Marshfield Bakery and
other SME it has been observed that their supply side is being disturbed by covid-19 as all these
companies experience a reduction in the supply of labour, as workers are unwell and the situation
of the lockdowns and quarantines lead to further and more severe drops in capacity utilisation
(Kasemsap, 2018). Along with this, during the time of covid-19 situation issue of supply chains
interrupted is also faced due to lack of proper transportation services which is leading to shortage
of raw material for these SME’s. Further, it has been also analysed and observed that the
dramatic and sudden loss of demand and revenue for SMEs is also faced within the UK which
severely affects their ability to function, and/or causes severe liquidity shortages for many SME
within UK. The most appropriate and effective ways for SME like LovetheSales.com,
Marshfield Bakery, Trusted Housesitters is to rely and emphasis on the online delivery channels
along with making use of digital technology to attract and cater larger number of customers even
at the time of lockdown to maintain the performance and stability level (Hasse, 2021).