Global Business Context Research Paper 2022

Running head: GLOBAL BUSINESS CONTEXT
GLOBAL BUSINESS CONTEXT
Name of the student
Name of the university
Author Note

1GLOBAL BUSINESS CONTEXT
Table of Contents
Introduction................................................................................................................ 2
Background of SMEs in UK.......................................................................................... 2
Overview of the Company....................................................................................... 2
Business Climate of Germany..................................................................................... 3
Economic and Fiscal Climate of Germany...............................................................3
Legal and Political Climate...................................................................................... 4
Hofstede theory of insight of Germany and UK.......................................................4
Factors to be considered for operating business in Germany.....................................6
Internationalization of Businesses.............................................................................. 9
Current status of the respective business...............................................................9
Examples................................................................................................................. 9
Conclusion................................................................................................................ 10

2GLOBAL BUSINESS CONTEXT
Introduction
International business is not a contemporary phenomenon. International and trans-
national trade can be traced back to prehistory. According to Stearns (2016), since the annals of
prehistory, different civilizations from different parts of the world had contacted and traded with
each other. However, as the world and technology progressed, massive form of globalization
happened which also paved way for a completely new form of international trade and commerce
(Hamilton and Webster 2018). The respective paper is an essay which talks about the
international business prospects of a small concern in UK which is planning to set its business in
Germany, the scope and limitations of business prospects in economy. The respective paper
intrinsically as well as instrumentally comprehends the business environment and present
conditions of entrepreneurship in the context of Germany.
Background of SMEs in UK
The companies of United Kingdom that are generally small and medium- sized
enterprises (SMEs) are generally non- subsidiary, independent enterprises which employ fewer
that a particular number of employees to be employed. The number of candidates employed
varies according to the countries. The limit of SMEs of United Kingdom is 250 employees,
however, the respective small UK based company taken in the respective case employs less than
250 employees (Love, Roper and Zhou 2016).

3GLOBAL BUSINESS CONTEXT
Overview of the Company
The respective company is JTL Kitchen and bedrooms Ltd. is taken in the respective
case. The company JTL Kitchen and bedrooms Ltd is a small and dedicated manufacturing
company that specializes on kitchen appliances and domestic cookery products which is based in
Leicester, in the province of Leicestershire, United Kingdom. The company has satellite
showrooms near Glasgow province, having a range of excellent selections of kitchen furnishings
and bedroom doors that can be customized in order to meet the personal preferences of the
customers. The company provides its customers with a variety of furniture suitable for office
with designs, perspectives and creative ideas that is suitable for the needs and preferences of the
office environment. The company provides dedicated and efficient professional staff with over
twenty years of experience (Jtlkitchensandbedroomsltd.co.uk.2019).
Business Climate of Germany
Germany is a country which is situated in the Western Europe. It covers the area of
around approximately 356,750 km2 (Braun and Thielmann 2013). The country Germany shares
its borders with nine other nations of Europe, namely, France, Luxembourg, the Netherlands,
Switzerland, Poland, Denmark, Belgium, Austria and Czech Republic. The country Germany is