Impact of Pandemic on Small Business: A Study on Rowlinson Knitwear
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This report analyses the impact of pandemic situation on the overall growth of small business, with a focus on Rowlinson Knitwear. It evaluates the challenges faced by small business and the strategies that can be adopted to mitigate the impact of pandemic.
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Impact of Pandemic on Small Business
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Table of Contents Chapter 1: Introduction....................................................................................................................3 Introduction......................................................................................................................................3 Problem to be addressed:.................................................................................................................4 Chapter 2: Literature review............................................................................................................5 Chapter 3: Methodology................................................................................................................11 chapter 4: Data analysis and interpretation....................................................................................16 DISCUSSION................................................................................................................................29 Analysis based on the qualitative data:..........................................................................................29 Chapter 5: Conclusion, limitations and recommendations............................................................33 Conclusion.....................................................................................................................................33 Limitation of research:...................................................................................................................33 Recommendation:..........................................................................................................................34 REFERNCES:................................................................................................................................37 Books and Journals:..................................................................................................................37 Appendix:.......................................................................................................................................43
Chapter 1: Introduction Introduction Small business are the ones that are probability owned by sole proprietors that have less number of employees and lower employee turnover. Growth opportunities in small business are less as compared to large sector business. In the present timescale, the covid 19 situation has offered lot of opportunities for growth of small business who are facing lot of issues in functioning and operating. The organisations are not able to work properly because of the issues and challenges that are arsing in the process(Grima., Dalli Gonzi and Thalassinos, 2020). The main aim of the report is to analyse the overall impact of pandemic situation on the overall growth of small- business. There will also be evaluation of the challenges that are faced by small business because of the pandemic situation. Research rationale:The main rationale of this research is to develop a detail overview of the reasons and aspects of the issues that are faced by small business. There is need to develop some of the effective strategies that can be adopted by small business for the purpose of mitigating the challenges the pandemic(Buffington, Fields and Foster, 2021). The researcher is having some of the aspects that is leaning and development of present researching skills that can assist in long term development. The research work is going to help towards development of various skill sets that is very crucial for future personal development that includes analytical skills, researching skills that is necessary for having a professional researching base. Research aim Main aim of this research is “To identify the impact of pandemic situation on the growth of small business within United Kingdom: A study on Rowlinson Knitwear Research objectives To identify the challenges faced by small business due to pandemic To examine the role of government of UK in protecting small business from pandemic To recognise the strategies that would be used by small business of UK for reducing the impact of pandemic on their growth To evaluate the benefits that are gained by small business by overcoming the challenges of Pandemic Research questions
what is the impact of pandemic situation on the growth of small business within United Kingdom? What are the major challenges faced by Rowlinson Knitwear and the role played by government in due to pandemic? What are the effective strategies that would be used by Rowlinson Knitwear for reducing the impact of pandemic on their growth? What are the benefits that are gained by small business by overcoming the challenges of Pandemic? Problem to be addressed: In the present scenario of covid 19 there is a situation where each and every industry has been affected in a drastic manner because of fast changing macro environment. The major reason hy small business have been facing issues was because of the social distancing restrictions and the health, economic driven demand shifts that is taking place because of the Covid situation. There are many small entrepreneurial and business ventures that are facing with impact of these instances(Syriopoulos., 2020). The widespread closing of business and stores across the world has lead to a understand impact of corona virus that is leading to many closers and it has become impossible for the business to survive in this scenario. It is leading to a situation where small business have to work towards creation of a business scenario where they can deal with the Overall negative impact so that its effect can be managed(Papanikos, 2020). The report will be based on evaluation of the challenges that is faced because of this pandemic situation and further what are some of the effective strategies that are required to be formulated by Rowlinson knitwear in order to manage this negative impact of pandemic is required to be analysed. The overall uncertainty has led to lot of issues that are arsing in the situation that is leading to difficulty in managing the changes and modification that are to be done because of covid 19 situation.
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Chapter 2: Literature review Theme 1: Major challenges faced by Rowlinson Knitwear due to pandemic. Before the pandemic rowlinson related itself to larger and new premises with the main motive of having proper review in working practises. There have been several key issues that has resulted into difficulties and challenges in this pandemic situation for rowlinson knitwear as a small business organisation. Such as for instance there is lack of communication, difficulty in managing the day & night production teams. Apart from this there are also some of the issues in terms of non-availability of the internal information related to the organisation which may posses a impact on the overall functioning of the organisation. As per the views ofBuckman (2020), the global small business industry has been affected at a staggering traded volume growth that is because of present covid 19 pandemic. This has resulted into stagnant global economy that is trickled down towards worldwide supply chain(Hayden and Parkin, 2020). There are lot of losses that are realised by business, suppliers and small business manufactures. Some of the main reason of crisis is the air & sea freight limitations that resulted into difficulty to manage the overall market damned, land transportation has taken a hit. Land transportation through truck drivers resulted into pandemic has truckers are now required to get permit to operate as part of only essential service providers(Affandi and et. al, 2020). There is also high demand for various local producer that includes medical suppliers and goods that need transport. The covid 19 situation has resulted into lower demand and supply that is leading towards difficulty in the process of managing the operational costs. In Rowlinson and other such small business the main issues arise because of the lack of resilience strategies and overall contingency plans (5 CHALLENGES FACING THE LOGISTICS INDUSTRY DUE TO COVID-19 AND HOW TO SOLVE THEM, 2020). themajorimpactistransmissionchannelsthatismanagethesupplyanddemandside. Organisation are experiencing a reduction in the labour supply, employees are unwell and they have to look for their dependents. In small business supply chains are also interrupted that is leading to shortage of some immediate goods(Gregurec, Tomičić Furjan and Tomičić-Pupek,, 2021). On the demand side there is sudden and dramatic loss of revenue and demand that has affected the organisation ability to function. It is also leading to severe liquidity shortages that
may lead to loss of income, high amount of uncertainty and fear of contagion that is leading to reduction in consumption and spending. Small business are accounting for vast majority of organisations(Singh and et.al.,, 2020). SMEs are representing sectors that includes transportation and tourism that has been affected by the covid 19 situation. There is limited number of suppliers, small business reply on suppliers who are from regions and countries with high number of covid cases that is leading to higher vulnerability(Meahjohn and Persad., 2021). It is also associated with re building some of the connections that is factors that are part of supply chain disruptions that have to be managed to deal with the overall impact of reducing demand. Theme 2: The roles of government of UK in protecting Rowlinson Knitwear from pandemic. As perBDO UK (2021),Government is working towards dealing with restrictions there was another lock-down scenario in the year 2020 that started from December. So government focussed on development of some economic support measures that can help some of the small business to deal with such pandemic situation(Nummela, Harikkala-Laihinen and Raitis, 2020). UK government worked towards having negotiations with European union to manage the scenario of Brexit transition period at end of December 2020(La Velle, and et.al., 2020). there is mitigation of resources for SME that is resulting into Instances to have access to capital. The overall period in which SME can survive the present scenario may result into large number of restrictions for such small business(Marona and Tomal, 2020). In the present scenario, the organisations especially small business are offered with coronavirus support that can help the organisations in terms of being available for eligible for loans, cash grants and tax relief. It is helping in acting proper support for the business that is very important to deal with this situation ofdecliningbusinessproductivity.IncaseoforganisationlikeRowlinsonknitwearthe governments decision is to ensure that organisation posse accessibility to practical tool so that there can be proper decision making(Nyashanu, Pfende and Ekpenyong, 2020). The financials support is offered to small business organisations that is extended to garnet payment schemes who can engage in new apprentices. It is a extension scheme for original measures under 18 years that is offered to smaller employers who are having a workforce of less than 50 employees and are not liable for apprenticeship levy access with respect to existing payments. Apartfromthisthereisintroductionofaschemewherechancellorhasannouncethat government will opennew scheme in April 2021 that is to help business organisation to resumption of the business soon after when the lock-down ends. With the present loan schemes
government is willing to underwrite the new loans schemes with 80 percent guarantee. This scheme is going to offer invoice finance, overdrafts, term loans to assist finances to such small business for a time period of up to six years(Hasanat and et. al, 2020). Different schemes that are mostly used for supporting various small business includes bounce bank loan schemes (BBLS), Coronavirus business interruption loan scheme (CBILS), COVID Corporate financing facility (CCFF), Coronavirus large business interruption loan scheme (CIBILS). Business rates relief is also a technique that is used across hospitality sector, leisure and retail sector that is leading to benefits from business rates. This relief rate is also extended to 1 April 2021 to 30 June 2021. it is leading to benefits from business reduction rates of 66 percent that is from the period of July 2021 through 31 march 2022. Direct business grants is also a scheme started by the government of UK where there is restarting of grants that is part of locals support that helps small business in having proper support. Apart from this business organisation that are operating a duty deferment account may be facing some of the sever financial difficulties because of the covid 19 impact(He,Zhang and Li,2021). They are unable to pay the deferred customs duties & import VAT that is required to get approval to defer the whole or par of payment. HMRC confirmed that it is to be approved for deferral that is guarantee that will not be called on and deferment account will not be suspended. In some business organisation there are extreme level situations where employers are finding itr difficult to continue with their present workforce so it becomes important for them to lay of employees temporarily on furious because of the pandemic situation. So they are willing to apply HMRC to help in retaining of those staff members(Wang, Iverson, and Kluender., 2020). There are different potential taxation issues that is rising from international travel restrictions that have to be deal with the tax residence problems that is individuals have to work towards dealingwithhightaxationburden(COVID-19:governmentsupportforindividualsand businesses, 2021). Theme 3: The effective strategies that would be used by Rowlinson Knitwear for reducing the impact of pandemic on their growth. As per view points ofMoore (2020),there are some of the effective strategies that are being used by the management of rowlinson knitwear for the purpose of dealing with this situation of
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pandemic and its negative impact(ur Rahman, 2022). There was focus on having flexible working practises by shifting to vulnerable colleagues to a full time working with employees. Another issues that is faced in this scenario isthe mental health of employees that is declining with time. So leadership team in rowlinson knitwear is working towards managing the overall mental health of employees to prevent its negative impact on overall working of employees and their level of productivity(Bui, Jambulingam and Hung., 2021). Strategies were focussed on ensuring that all hygiene regulations are properly met ad there is sharing of changes as per team and individual conversation. There was creation of skeleton rota that was created in the production team, that helped in managing the overall cross over. The warehouse team managers have also reviews the working arrangements that realised the part of job that is processing customer orders that can be done across remote areas. It helped in having a hybrid working pattern to ensure working patterns that can lead towards high amount of flexibility in the working area. Supporting colleagues to ensure proper working for this purpose there were open communication level and guidance that was offered for well being of team and then support the colleagues in number of different ways(Park, 2020). There was higher flexibility about where the roles have to be delivered, shifting of focus from hours towards higher output. It involves trusting managers towards communication and work more closely with the teams to meet overall individual requirements. The team invested more resources and time to equip the staff members with skills and required knowledge required to work across different departments that highlighted the importance to enable redeployment, multi skilling of colleagues, that is real benefit for seasonal business. Learning from experiences:there was creation of core customer care team, that is leaning about the requirement of greater flexibility by roating the way colleagues are willing to work in the organisation. Another key strategy that is used is the communication channels, having clear and honest lines of communications have helped individuals and teams to contribute towards having appropriate solutions rather than having organisation wide decisions being imposed(Naseri, 2021). This openness has assisted in overcoming the issues that have been arising because of remote working and has contributed towards development of a well focused culture.
There was introduction of work from home scenario has helped employees in managing the overall working scenario. It is leading to working framework which can help in the process of supporting employees who are working from remote areas. Support from employers: there is also need of high level of support that was provided to team, members in terms of occasional visit to site from well being team or frequent connectivity via phone calls. There was timely updates & clear communication which lead towards funding solutions for team and individuals. Learning from experiences: In Rowlisnon knitwear the organisation is working towards dealing with the crisis so that they can have a positive impact on the personal development and responsibility of whole team. This process has lead towards highlighting the importance of individual needs and being open minded towards different working ways. It lead to warehouse team leaders working at least one day in a week from home and they are having freedom to select which day they are willing to do sothat helps in having logistical restrictions and appreciate the present pattern of working(Rowlinson Knitwear: Navigating the coronavirus crisis, 2020). Theme 4: The benefits that are gained by small business by overcoming the challenges of Pandemic. As per view points of Hoogensen(2020),in the process of dealing with challenges there are lot of benefits that is related to managing their overall sales. It is important to maximise the overall benefits that helps them in maximization of theproductivity post covid 19 impact. In some of the aspects there are advantages that are experienced by small business organisation such as it is related to reduction of cost. While there is work from home scenario used by some of the organisations it has resulted into managing the overall operations and functions from various locations that leads towards having higher cost effectiveness. In the covid 19 situation there are some of the permanent changes that have been adopted by business. Such as there is a shift towards online networks that helps in reaching to a large base of customers. Apart from this there is a major transformation in the present marketing and promoting activities of the organisation(Montoya-Torres,Muñoz-Villamizar and Mejia-Argueta, , 2021). Such as there is use of various content marketing and social media marketing in order to approach the target base of customers in a more innovation ways. Covid 19 situation has offer both challenges & solutions along with opportunities of business expansion. In Rowlinson
knitwear there are many social media campaigns that were targeted in the present scenario for the purpose of engaging the customers. It helped in the process of attracting and engaging customers that can assist in the process of enhancing the present sales level. It lead to movement of customers online that is evaluating the physical proximity to ensure business continuity. The increasing channels leads to creating of awareness among a new target base of customers. In rowlinson knitwear it helps the present base of customers in navigating the web stores and then further place the orders online. The covid 19 situation has reshaped the overall benefit landscape that is recognizing the need for coverage to protect the well being and health of families and individuals. There has been magnificent of the overall role played by benefits in attracting & retaining of top talent among employers. Further there was lot of cost saving in terms of laying of people who are adding cost to the overall organisation functioning and there was no additional to the present level of productivity or value. Therewasmorefocusonprofitandincomeprotectionsourcesthatleadtoemployers maximisation of overall benefits to employers(How COVID-19 is shifting benefits among small businesses, 2020). Summary: From the main theme of the present research report there are some of the major issues had to be faced by small and medium enterprises. In terms of reduction in the purchasing power of people there is shift towards purchasing of more necessity products which is leading more issues and difficulties to survive for SME brands in the changing market scenario. There is a scenario of Lock-down situation which is leading difficulties and survival issues forRowlinson Knitwear.The main issues are related to closing down of schools and Rowlinson Knitwear is having product range of school uniforms, with the closing of schools there is reduction in the sales and overall revenue has declined which is now leading issues for managing the present sales. So, from the above made analysis it is summarized that the covid 19 situation has affected the functioning of small and medium enterprises that is going to affect its functioning in long term. Chapter 3: Methodology Research methodology is the technique and procedure that is need to be used for collectinginformation with respect to research field. The major purpose of the research methodology is to sport the investigator in the process of collection of appropriate and authentic
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information that is related to the study. There are different types of methodologies that can lead towards understand the way small business are getting affected by the covid 19 situation. The main objective of research methodology is to use it for the purpose of having appropriate information with respect to the study. In case of present research work some of the methodology that will be used by the researcher are discussed below: Research Philosophy:It is regarded as the belief that is related with the method that is to be used in the research as per which topic is to be gathered, used and is need to be further evaluated by investigator(Jordanand Troth, 2020). There are different types of philosophies that includes axiology, epistemology and ontology, each is effectively used for the purpose of collecting and further analysing their information with respect to laid subject. Each of the philosophy has to be effectively used ft the purpose of collecting & analysing information with respect to laid subject. Each philosophy is explained with respect to justification.Ontology:It is a type of philosophy that is used for the purpose of explaining the nature of actuality. It is divide mainly in three parts that includes ontology philosophy includes constructivism, objectivism. Each of the type is very useful in the process of collecting the necessary information, further evaluating it and then using it in context of research work.Epistemology:It is a type that is related with the research philosophies that is helping investigator in the process of information collection with respect to the selected specific subject. It is majorly divided in three typesthat includes positivism, critical realism and interpretive. It is used in the process of collecting the information, analysing It as per requirements of research work and then further using it to reach towards relevant recommendations and conclusion in the course of research work.Axiology: It is a philosophy that is used for learning the the way it has a impact on the data analysis and the study collection process. It helps in the process of understand and the evaluation of opinion of people on various such type of related subjects. Justification: from above mentioned information it is said that all the research philosophies can be used for analysing the information(Leavy, 2020). One of the advantages of using the positivism philosophy is that it leads towards gathering of information, using it and then further evaluation of the quantitative form of information that can result into completion of the whole thesis without taking much longer time period and achievement of required success. In present
research positivism philosophy will be used the major advantage of using this philosophy is that it can help in the process of collecting and evaluation of the quantitative form of information. Another main advantage of using positivism philosophy is that it will help in evaluating the information that is available in numerical form. So, it is one of the main reasons of using positivism approach for achieving the laid aims and objectives as part of the report. Research approach:It is regarded as the process to evaluate the collected information in a efficient manner(Prasanti andKarimah,2021). This approach is divided in two parts that includes inductive and deductive approach. Inductive approach is the process of developing theory and deductive approach is based in evaluating the numerical or quantitative information. Justification:As per the need both the approaches can be used as per the need of research in the present research report there will be use of deductive approach. It will help in evaluation of the primary information related with the issues that are faced by small business in the present situation of COVID 19 scenario(Malhotra, Schaller and Patil, 2017). In present research work deductive approach will help as it is based on less time and use of resources in effective manner. The main two approach are defined below: Inductive approach:It is a approach that is defined as the type of approach that helps investigator in the process of development of theory rather than accepting as per the established theory. It is a approach that is used for the purpose of evaluation of the secondary that is qualitative form of information.Deductive approach: It is the approach that is one other approaches. It is very helpful for evaluation of the quantitative or numerical information. It is a approach that is concentrated on collection of statistical information. It is used for the purpose of evaluating the primary form of information that is collected directly from the source. Justification of select approach:It is said that both the approach are effective and efficient as per the needs of present research. But there is use of deductive approach that is the selected approach. It is a approach that helps investigator in evaluation of quantitative & the primary information that is associated with the way small business are affected by the present covid scenario. As compared to inductive approach deductive approach is more practical as it will help in evaluation of statistical form of information. Research choice:Research choice will help in the process of collecting information with respect to laid subject or topic(Arnesson and Albinsson, 2017). the research choice is divided in three
main types that includes mixed method, mono method and multi mixed method. All the methods are very helpful and can assist in the process of collecting information. Justification of the selected research choice: as per the needs of research thesis investigator will be selecting mono method.It facilitate researcher in collection of reliable, relevant and authentic form of information. In the present research quantitative method will help in collection of valid and accurate information. It can also be said that information has to be accurate and reliable. Research strategy: There are different types of research strategies that is required to collect the information with respect to laid research work. It is classified in different types that includes grounded theory, experimental research, survey method, action research and case study method. In the present research work there is need to use a strategy that can lead towards having proper information base(Crotty, 2020). all the methods are very helpful for the purpose of collection of information that is as per the strategy that is to be selected by the investigator. Some of the strategies are described below:Survey:It is a strategy that is used for the purpose of collecting information that can help researcher in the process of collecting of information directly from the identified sources. It is very useful in the process of collecting numerical information or the first hand information from large number of representatives. Justification of the selected research strategy: As per the above mentioned information and the overall discussed strategy. Survey is the selected strategy of the researcher. There are various reasons that is selecting of the best strategy that can -provide access to the reader is inexpensive and helpful in the process of collecting of primary information it is also a cost effective strategy. The overall benefits of selecting survey strategy is that it helps in selection of respondents who are representatives of the whole target segment of population. Survey strategy leads towards analysing the view points of respondents. Research design:It is defined as the framework where technique and method is to be select by the researcher for the process of having information that includes mainly three types of research design that is experimental, descriptive and exploration research design(Apuke, 2017).each of the research design that can be used for describing the research design by using justification of the select research design. They are:
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Descriptive:It is the common research design that is where the main motive is to descriptive the role, situation, phenomenon & the overall population. It is used for the purpose having proper information base. Justification: It is defined as the method that is based on describing the overall population and selection of the research design. From the above mentioned research design in the research will be used in the descriptive research design that can help in the process of describing the population and situation. In the present research work there will be focus on collection of quantitative form of information in a more systematic and proper manner. Data collection:For the purpose of collecting data there is need to determine the strategy. Investigator has to select relevant accurate and valid method as per defined aims and objectives (Clarke and Hoggett, 2019). Data collection is divide in two method that includes primary data collection method and secondary data collection method. Primary methodof collecting information is based on having first hand information base in this information is to be collected by the researcher with respect to the laid aims and objectives. In this questionnaire will be developed to collect the information from the target segment of respondent(Hanington and Martin, 2019). Secondary method: In this method data is collected by the research by focussing on the existing and published sources(Raja, 2018). It is the information that already exists and there is need to focus on addressing the gaps that is part of the published information it includes collecting information from various secondary available sources that is articles, books, publications, magazines and newspapers. Justification:In present report there is collection of information from both primary and secondarymethods.Primarydatamethodisusedforhavingrelevantandappropriate information. Participant are part of the research from where information is gathered from, secondary method will also be used for the purpose of having a sufficient information base. This information will be collected from various journals, newspaper, books and articles. Sampling: while there will be use of questionnaire for the purpose of collecting information from primary sources. It may not be easy to analyse selecting the sample from target segment of respondents. It is divided in two types that includes probability sampling & non probability sampling. Probability sampling is regarded as method that assist in selection of respondents without having any specific criteria. Non probability sampling is regarded as method where there
is selection of respondents based on specific criteria. It is a process which may take longer time period as it is non random based method of selecting the target segment of respondents.There will be a sample size of 40 respondents who will be included in the present research work.Probability sampling: It is a sampling method that assist in selection of respondents without having any type of specific criteria. It is also very helpful in the process of selection of large number of respondents from the total population. It is a sampling method that is used by the instigator in present scenario to collect the information from identified target segment of respondents in the provided time period.Non-probability sampling:it is sampling method where the participants are select with specific criteria and requirements. It is a process where information collection generally takes longer time period as it generally works on non random basis. Ethical consideration for the project Yes, while the information is being collected it is important to consider some of the ethical rules. Such as it will be ensured that data is collected from reliable sources, social media accounts to ensure proper ethical considerations. In this process there is collection of of data from online available sources from where authentic sources are only considered for the purpose of collecting of information. Apart from this while collecting the information from the target segment of repent it is also ensured that there is no leakage of personal or any type of confidential information by the researcher. chapter 4: Data analysis and interpretation Theme 1:small business are affected by the present Covid 19 situation 1) Do you believe that small business are affected by the present Covid 19 situation? a) Yes20 b) No10 c) Somewhat10
Interpretation:It is interpreted from the above mentioned graph that when it was questioned to 40 respondents about the way small business are getting affected because of the present covid 19 situation. 20 respondents had a positive view point to this question. 10 other respondents had a negative answer as they replied in negative manner because they believed that small business are have not been much affected by this situationist. Apart from this remaining 10 respondents felt that it may be affected but in some instances only. Theme 2:challenges faced by Rowlinson Knitwear due to pandemic 2)What are the major challenges faced by Rowlinson Knitwear due to pandemic? a) Difficulty in the process of managing the operational costs.15 b)lack of resilience strategies10 c) No proper contingencyplans5 d) Difficulty inmanage the overall market damned7 e) Reduction in the long run profitability3 20 10 10 a) Yes b) No c) Somewhat
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Interpretation:It can be said from the above graph that while it was questioned about the challenges faced byRowlinson Knitwear due to pandemic. 15 respondents had a view that there is difficulty in the process of managing the overall operational cost, 10 other had a view that there is lack of resilience strategies, 5 had a view that there is presence of no proper contingency plans, 7 other respondents had a view that there is difficulty in managing the present level of demand and remaining 3 had a view that there can be reduction in the long run profitability of the business. Theme 3:present Covid 19 situation has affected the present competitive position of Rowlinson Knitwear 15 10 5 7 3 a) Difficulty in the process of managing the operational costs. b) lack of resilience strategies c) No proper contingency plans d) Difficulty in manage the overall market damned e) Reduction in the long run profitability
3) Do you feel that present Covid 19 situation has affected the present competitive position ofRowlinson Knitwear? a) Yes15 b) No20 c) In some instances5 Interpretation:It is interpreted from the graph that when it was questioned to 40 respondents that if the present covid 19 situation is going to posses a impact on the competitive position of Rowlinson Knitwear. It was analysed that 15 respondents had a positive view point, 20 respondent had a negative answer to this question and remaining 5 respondents had in some instances. Theme 4: Permanent changes that have been adopted by Rowlinson Knitwear 4) what aresome of the permanent changes that have been adopted by Rowlinson Knitwear in the COVID 19 situation? a) Shift towards e commerce platforms8 b) changes in internal supply chain networks14 c)social media marketing8 15 20 5 a) Yes b) No c) In some instances
d) Shift towards work from home scenario10 Interpretation:It is interpreted from the graph that when it was questioned to 40 respondents abut thepermanent changes that have been adopted byRowlinson Knitwear in the COVID 19 situation. 8 respondents had a view point that there can be shift towards use of e commerce platforms. 14 respondent felt that there can be changes or modification made in the present internal supply chain networks of Rowlinson knitwear. 8 Other respondents had a view point that there can be adoption of social media marketing and remaining 10 respondents felt that there can be shift towards work from home scenario. Theme 5: Benefits that are gained by small business by overcoming the challenges of Pandemic 5)What are the benefits that are gained by small business by overcoming the challenges of Pandemic? a) Achievement of competitive advantage10 b) Higher cost effectiveness10 c)creating of awareness5 d) Enhancement of effective SCM networks7 e) Better profitability8 8 148 10 a) Shift towards e commerce platforms b) changes in internal supply chain networks c) social media marketing d) Shift towards work from home scenario
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Interpretation:It is interpreted from the above graph that when it was questioned about the benefits that are gained by small business by overcoming the challenges of Pandemic. 10 respondents had a view that it can help in the process of achieving higher competitive advantage, 10 respondent felt that it can lead towards high amount of cost effectiveness. 5 respondent had a view that it can lead towards creation of high amount of awarenesses. 7 respondent had a view that from the overall benefits the present covid 19 situation has also helped in the process of having effective supply chain management networks. Apart from this 8 respondent had a view that it can lead towards having higher and better profitability in the organisation. Theme 6:Effective strategies that would be used by Rowlinson Knitwear 6)What are the effective strategies that would be used by Rowlinson Knitwear for reducing the impact of pandemic on their growth? a) Creation of core customer care team7 b) Formulation of effective social media campaigns14 c)working arrangement9 d)navigating the web stores5 e)income protection sources5 10 10 5 7 8 a) Achievement of competitive advantage b) Higher cost effectiveness c) creating of awareness d) Enhancement of effective SCM networks e) Better profitability
Interpretation:It is interpreted from the graph that while it was asked about the effective strategies that can be formed for the purpose of reducing the overall negative impact of pandemic on the organisations overall growth. 7 respondent had a view point that there was retention of core customer care team. Other 14 respondent had a view that there was use of strategy in which there is formulation of effective social media campaigns in order to engage the customers. 9 respondents had a view that there can be use if working arrangement as a technique. 5 respondent felt that there can be focus on use of income protection sources and remaining 5 felt that there can be evaluation from the web stores. Theme 7: Transformation in the present marketing and promoting activities 7)whatisthemajortransformationinthepresentmarketingand promoting activities of the organisation? a) Use of social media marketing10 b) focus on online marketing5 c) Reduction of offline promotion activities14 d) change in supply chain networks11 7 149 5 5 a) Creation of core customer care team b) Formulation of effective social media campaigns c) working arrangement d) navigating the web stores e) income protection sources
Interpretation:It is interpreted from the above discussed graph that while it was asked to 40 respondents about the major transformation that have taken place in the present promotional and marketing actives if organisation. The overall response to this was that 10 respondent had a view point that there is use and more focus on adoption of social media marketing. 5 respondents had a view point that there is major focus on online marketing channels. Other 14 respondents out of 40 had a view point that there is reduction in the reliability of using of offline marketing channels and remaining 11 respondent felt that there is modifications and changes that are made in the overall supply chain networks. Theme 8: Government support to SME organisations 8) Do you believe that government has supported various small and medium business in the process of dealing with the uncertain situation of covid 19? a) Yes20 b) No14 c) In some cases6 10 5 14 11 a) Use of social media marketing b) focus on online marketing c) Reduction of offline promotion activities d) change in supply chain networks
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Interpretation:It is interpreted from the graph that when it was questioned about the way that government is supporting the small and medium sector business to deal with the uncertain situation part of external environment. 20 respondent had a positive view point to this question. 14 respondent replied in negative manner while remaining 6 felt that it may be the situation but in some instances only. Theme 9: Major activities and initiative by government to support SMEs 9) What have been some of the major actions taken by government in UK to support the small and medium sector organisations in dealing with this situation of COVID 19? Frequency a) Financial support14 b) Reduction of interest rates10 c) Reduction in taxation burden7 d) use of various schemes9 20 14 6 a) Yes b) No c) In some cases
Interpretation:It is interpreted from the graph that when it was questioned to 40 repent about the actions that have been taken by the government for the purpose of supporting the functioning of various small and medium sector business. 14 respondent had a view point that it is related with financial support where government is offering loan facility and credit facilitates to small sector organisations. 10 respondents had a view that there are various rebates that are to be allowed in form of reducing the interest rates to support small sector organisation. 7 respondent had a view that government is also supporting by focussing on reduction of taxation burden. And remaining 9 respondents felt that there are various schemes that are launched by government to support the functioning of small business organisations. Theme 10: covid 19 and its negative impact on functioning of Rowlinson knitwear 10) As per your view point do you think that covid 19 situation will posses long term negative impact on functioning of Rowlinson knitwear? Frequency a) Yes15 b) No10 c) In some instances15 14 10 7 9 a) Financial support b) Reduction of interest rates c) Reduction in taxation burden d) use of various schemes
Interpretation:From the above graph while it was asked to 40 respondents about covid 19 situation will posses long term negative impact on functioning of Rowlinson knitwear. 15 respondents had a positive view point, 15 other had a negative view and remaining 10 felt that it any be the situation but in some instances only. Theme 11: Covid and its impact on the overall functioning of SMEs 11) How will the covid 19 situation is going to posses a impact on the overall functioning of SMEs? Frequency a) Reduction in purchasing power of customers11 b) Difficulty in managing of operations9 c) Issues in managing employee functionality14 d) Disruptions in supply chain management aspects6 15 10 15 a) Yes b) No c) In some instances
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Interpretation:From the above graph when it was asked to 40 respondents about covid 19 situation is going to posses a impact on the overall functioning of SME. 11 had a view that there is reduction in purchasing power of people, 14 respondent felt that there are issues in managing employee functionality. Other 9 respondent felt problems in difficulty in managing of operations. Other 6 had a view that there are disruptions in the supply chain process. Theme 12: Opportunities offered by the post pandemic situation for SME business like Rowlinson knitwear 12)whataresomeofthemajoropportunitiesofferedbythepost pandemic situation for SME business like Rowlinson knitwear? Frequency a) Use of e commerce technologies for promotion14 b) Higher cost effectiveness6 c) Opportunity for online business expansion8 d) Role played by benefits in attracting & retaining of top talent among employers 12 11 9 14 6 a) Reduction in purchasing power of customers b) Difficulty in managing of operations c) Issues in managing employee functionality d) Disruptions in supply chain management aspects
Interpretation:it is interpreted from the graphthat when it was asked to 40 respondents about the opportunities that are offered in the post pandemic situation for business like Rowlinson knitwear. 14 respondent had a view that there is adoption of various e commerce technologies for the purpose of promotion. 6 respondent had a view that there is higher cost effectiveness,. 8 other respondent felt that there is further opportunity for business expansion on online mediums. Remaining 12 respondents felt that the situation has also helped in the process of attracting and further retaining of talented employees in the organisation. Theme 13: Flexible working practices have supported in the process of managing organisation functions 13) Do you believe that flexible working practices have supported in the process of managing organisation functions in Rowlinson knitwear? Frequency a) Yes17 b) No3 c) In some instances20 14 68 12a) Use of e commerce technologies for promotion b) Higher cost effectiveness c) Opportunity for online business expansion d) Role played by benefits in attracting & retaining of top talent among employers
Interpretation:It is interpreted from the graph that when it was asked about the flexible working practices have supported in the process of managing organisation functions in Rowlinson knitwear. The overall respondents from the respondent was that 17 respondent had a positive view point, 3 respondent replied in a negative manner and remaining 20 respondent felt that this situation is in some instances. Theme 14: proper coordination and communication channels established 14)Asperyourviewpointwastherepropercoordinationand communicationchannelsestablishedamongstemployer&employee during the covid 19 scenario? Frequency a) Yes20 b) No10 c) Somewhat10 17 3 20 a) Yes b) No c) In some instances
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Interpretation:It is interpreted from the graph that when it was questioned to 40 respondent that iftherehasbeenpropercoordinationandcommunicationchannelsestablishedamongst employer & employee during the covid 19 scenario. 20 respondent had a positive view point, 10 respondent felt a negative view and remaining 10 had a view point that it may be the case but in some situations only. DISCUSSION Analysis based on the secondary collected data: Theme 1: The major challenges faced by Rowlinson Knitwear due to pandemic. It is analysed by conducting secondary research that there are various challenges faced by company during this pandemic which impact directly on their performance and profitability. In addition to this, it is determined that many of the companies has shut down their businesses as they are not able to deal with the expenses occurred(Agarwal and Tanwar, 2018). It is analysed that the higher authorities of Rowlinson Knitwear face various challenges due to pandemic situation. One of the challenge is managing day and night production teams which enable company to maintain an effective performance and carry out activities in a smooth manner. It is discussed that there are also other issues faced by company such as non-availability of data 20 10 10 a) Yes b) No c) Somewhat
associated to company because of which functions are not executed properly. One of the major challenge that is faced by respective organisation is managing the working of employees and to make them understand about the work as all the staff members perform their task from homes (Chen and Sun,2017). This has decline the productivity and efficiency level of employees and also decline their level of morale which in turn has adverse effect on overall performance of company. Apart from this, there are also other issues faced by respective organisation in the situation of COVID-19 that is time management, maintain quality work, maintain supply developing strategies and many more. Theme2:TherolesofgovernmentofUKinprotectingRowlinsonKnitwearfrom pandemic It is determined that government of UK plays an important role in protecting small businesses during the situation of COVID-19. The government emphasis on development of some economic support which assist small companies to deal with situation of Pandemic. It is analysed that government of UK support small companies to expand their business globally which help them to grow and get success at marketplace(Duddy and Roberts, 2021). Most of the small companies in UK is free from tax and is easily eligible for the loans. This help in maintaining the activities of company and also help to carry out operations with effective resources. It is determined that government is also provide financial support to small companies becauseofwhichtheyareabletoimplementactivitieswithoutanyinterruptions.The government has also come up with the scheme that is garnet payment scheme that can engage in new apprentices(Fedotov and Polushkina, 2021). Apart from this, government has also initiated a schemes in which chancellor announce that government help small companies in resumption when the situation of pandemic ends. Moreover, it is determined that many of the schemes involve that support small businesses such as Coronavirus business interruption loan scheme (CBILS), bounce bank loan schemes (BBLS), Coronavirus large business interruption loan scheme (CIBILS) and many more. Furthermore, Direct business grants is also a scheme started by company that assist unique ideas of small businesses to restart with an effective and proper procedure. All this initiative and schemes of government plays an important role in supporting small business in the situation of pandemic Covid-19.
Theme 3: The effective strategies that would be used by Rowlinson Knitwear for reducing the impact of pandemic on their growth. It can be analysed from the above collected information that there are some of the strategies that are required to be formulated by small business to manage the overall impact of pandemic. Such as there is a negative impact on the transmission channels of rowlinson knitwear that is required to be managed. On the supply side many small sector organisation are experiencing a reduction in the supply of labour that is to be managed(Jindal and Saxena, 2019). Apart from this there is need for some measures that are required to be taken to deal with the situation of quarantines and lockwdowns for further dealing with the shortage of raw materials. There is lower customer engagement which is also a issues that needs to be managed in order to present its negative impact on the present revenue and sales figures of rowlinson knitwear. On the demand side there is reduction and sudden loss of revenue and demand that may also posses a sever impact on the organisation ability to function which may lead to sever liquidity shortages. Impact on SME is severe because of high amount of vulnerability which may lead to difficulty in managing the present business operations(Singh and Mishra, 2017). Further small business may also be facing certain obstacles in accessing of capital which may led to difficulty in surviving the shocks of macro environment. They limited amount of investment, small customer base are the major reason why SME are hit hard as compared to other small large sector business organisations(Sethaput and Adsavakulchai,2021). The preciseness of limited employee base leads to difficulties in having a competent workforce that can adapt themselves as per changing organisation requirements. Theme 4: The benefits that are gained by small business by overcoming the challenges of Pandemic. From the analysis above part of this aspect that small business are having less resources availabilitywithreducethenumberofmanpowerwhichcanconsiststogainedmore competition. As small business are not much expand their territory in global network as there are many challenges which can consist such as lack of funds, customers, resources etc. But there is one challenge which makes more small business critical through Covid situation. In this specific situation the implication has been generates more challenges for not get sustained proper manner. In perspective of Rowlinson Knitwear it is a small business where they deal with school wear
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and corporate base of clothes(Rehman, 2019). There are some of the benefits which are highlighted below to gain more productive business scale in platform better competitive market objective accomplished effectively. Usually small business has suffered a lot where many business were shutted down due to low productivity or can conclude that business not properly generated profit. Even in this further analysis that to make keep sustain where they have to make business more productive enough. Due to government guidelines small business Rowliner Knitewear need to fluctuates the business practises where business client network were very difficult to attain positive outcomes(Oladipo,2017). Therefore, there are one positive impact which generate through Covid situation effectively that is Online business where small business can easily generate more revenue as well as more network to attainpositive outcomes. Social media platform as well as online digital platform helps to small and medium business like Rawlinson Knitwear can better execute their business to generate more clients interaction and it also increase the business reached(Karkh, 2018). This is one of effective advantage that during Covid-19 small business were regulating through offline platform to attain more positive outcomes. Through having online shopping where can easily sell their product and services towards different location. Search engine traffic to gain more customer engagement sending email, contacting via phone or pushing marketing messages can easily attracting people on store(Mahima and Ginige, 2020). Online reputation building where business customer through effective product and services on which advantages to those appreciation to gain more competition and also maintain better image to entitled of profits about business. further benefits people of UK are contacting their product and services from Rawlinson Knitwear(Kowsalya and Mohanraj, 2021).Through mails, search engines, websites and social media platform. The management team for Rawlinson Knitwear are mainly follows to gained more customer attention.
Chapter 5: Conclusion, limitations and recommendations Conclusion It is concluded from the above made analysis that in the present scenario of changing external environment because of covid 19 instances has resulted into difficulty in managing the present operation's and functions of business. Especially for small sector business it becomes more difficult to deal with the high amount of uncertainty which may posses a long term negative impact on the present productivity and profitability of the business. Small business are facing huge amount of threat because of this pandemic situation. There is reduction in the profitability and productivity which is leading to lot of difficulty to further manage the present functions and operations. The main focus of organisation is to strive towards dealing with the disruptions so that they are able to deal with the minor financial shocks. Small business have to understand the long term impact of such type of disruptions that are cause because of the covid situation and further these have to be dealt so that their crisis does not posses a impact on the long term productivity and profitability of business. There were lot of difficulty because of the Lock-down situation people were not able to move out of their homes and organisations were also facing lot of issues in managing the working of their employees, there was shift towards work from home scenario in which again employees who were lacking in some of the skill sets faced lot of issues in managing the complete working. Small business organisations had to formulate certain strategies that can help them in dealing with the negative impact of this covid 19 situation so that its Overall negative impact can be properly managed. Limitation of research: The present research work is conducted by collecting the primary and secondary form of information but there are scenario limitations that are associated with the research work which may posses a ling term impact as mentioned below: Lack of previous studies in the research:In the present scenario the covid 19 situation has emerged in 20-21. it is leading to having lack and limited studies that are part of the previous research work. So, there is use of literature review findings as the foundation of research work on which it s further built to achieve the laid aim and objectives. Limited sample size:while conducting a research work it is very important to have a sufficient sample size for the purpose of concluding a valid research result. The larger will be the sample
size the results will be more precise, so, present research work is having a limitation of small sample size. It is a limitation that is leading to difficulty in identification of significant relationship from the data. there is limitation of the present sample size which is leading to having a limited sample size of the data. There is selection of 40 respondent from large employee base that may posses a impact on the information. Limitation of resources:In the present research work there is limited availability of resources in terms of human resource, financial resources or technological resources which may posses a long term impact on the present research work. There was limitation of time that affected the process of collecting the information so there was main focus on using of both primary and secondary form of information so that there is presence of sufficient information base. Based on which further recommendations and conclusion will be drawn. Accessibility:Another limitation associated with the research is also related with no proper accessibility to the information. There are instances where there is no availability of the internal information related to the organisation because of confidentiality or privacy issues. It may also posses a impact on the overall research work. Conflicts arising because of cultural biases and personal issues: In course of present research work there are biases that may arise because of cultural perspectives or cultural backgrounds that is related to specific phenomenon. It is also a issues where researcher may be biased towards results or specific data that may lead to difficulty in the data gathering process. Conflicts arsing out of cultural and personal biases:Researcher may be some difficulties that may arise because of perspectives of certain phenomenon and cultural background. In the present research work there can be issue of biasness that may arise when research may get certain inclined towards some specific culture or aspects which may lead to difficult in the process of data gathering process that is required to be carried out appropriately. Recommendation: Based on the above made analysis by collecting of primary and secondary form of information there are certain recommendations that have been developed in the present course for various small sector business organisations so that they are able to managed the negative impact of present covid 19 situation:Understand the local business landscape: it si recommended for small business like Rowlinson knitwear that there is requirement to focus on understand the detailed picture
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of local SME landscape. Further in the covid 19 situation in order to attract and engage the present target base of customers it is very crucial to agree with the local decision makers. Because the business is operating on small scale so localities are better at understand the way there is changes and transformation in the present choices and preference of the target customary base.Responding to sector mix:It is recommended that there is need to develop a detailed overview of the challenges and strengths that are affecting the present functioning of business. Strengths can be further used to minimize the negative impact of weakness and threats. For this there is need of proper training and development with respect to specific skill sets that is needed to be done. It is very important to help the present workforce in dealing with the challenge that are arsing in this process.Focussing on digital skills transformation:In the situation of covid 19 it becomes very important for small business organisation to focus on use of digital skills and nor just the infrastructure. There is need to develop a proper correlation between the productivity and digital infrastructure that can help in the process of development of digital infrastructure for such small sector business organisations.Making accessibility to business support:SME Business organisation like rowlinson knitwear can lay their more focus towards empowering the accessibility to schemes, funding and consultations so that there can be proper compliance of experimenting with new ideas and evidence of proper working. If there are inexpensiveness interventions then it may lead to difficulty in having the adequate resources for proper business functioning.Prioritising the customer support:It becomes very important to have focus on customer services that social media and e mail responses that is critical for building up of brand trust. There can be high quality support that can be offered to customers in order to built yup the trust and loyalty. Further there is also need to focus in the niche market by optimization of the product, services, focussing on organic SEO growth and driving of trust. Using of social media application:It becomes very important for Small business organisations to use the present social media marketing channels to for the purpose of promoting their product and services. While there were instances of lock down in the
covid 19 scenario the main emphasis of people was on using online available platforms for the purpose of searching of information, solving of their problems and further evaluating various alternative options that are available to the customers. So, small business organisation need to focus on such social Media sites so that they are able to easily approach large customer base.
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Appendix: Questionnaire: 1) Do you believe that small business are affected by the present Covid 19 situation? Frequency a) Yes20 b) No10 c) Somewhat10 2)What are the major challenges faced by Rowlinson Knitwear due to pandemic? Frequency a) Difficulty in the process of managing the operational costs.15 b)lack of resilience strategies10 c) No proper contingencyplans5 d) Difficulty inmanage the overall market damned7 e) Reduction in the long run profitability3 3) Do you feel that present Covid 19 situation has affected the present competitive position ofRowlinson Knitwear? Frequency a) Yes15 b) No20 c) In some instances5 4) what aresome of the permanent changes that have been adopted by Rowlinson Knitwear in the COVID 19 situation? Frequency a) Shift towards e commerce platforms8 b) changes in internal supply chain networks14 c)social media marketing8
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d) Shift towards work from home scenario10 5)What are the benefits that are gained by small business by overcoming the challenges of Pandemic? Frequency a) Achievement of competitive advantage10 b) Higher cost effectiveness10 c)creating of awareness5 d) Enhancement of effective SCM networks7 e) Better profitability8 6)What are the effective strategies that would be used by Rowlinson Knitwear for reducing the impact of pandemic on their growth? Frequency a) Creation of core customer care team7 b) Formulation of effective social media campaigns14 c)working arrangement9 d)navigating the web stores5 e)income protection sources5 7) what is themajortransformationinthe present marketing and promoting activities of the organisation? Frequency a) Use of social media marketing10 b) focus on online marketing5 c) Reduction of offline promotion activities14 d) change in supply chain networks11 8) Do you believe that government has supported various small and medium business in the process of dealing with the uncertain situation of covid 19? Frequency a) Yes20 b) No14
c) In some cases6 9) What have been some of the major actions taken by government in UK to support the small and medium sector organisations in dealing with this situation of COVID 19? Frequency a) Financial support14 b) Reduction of interest rates10 c) Reduction in taxation burden7 d) use of various schemes9 10) As per your view point do you think that covid 19 situation will posses long term negative impact on functioning of Rowlinson knitwear? Frequency a) Yes15 b) No10 c) In some instances15 11) How will the covid 19 situation is going to posses a impact on the overall functioning of SMEs? Frequency a) Reduction in purchasing power of customers11 b) Difficulty in managing of operations9 c) Issues in managing employee functionality14 d) Disruptions in supply chain management aspects6 12) whatare someofthe majoropportunitiesofferedbythe post pandemic situation for SME business like Rowlinson knitwear? Frequency a) Use of e commerce technologies for promotion14 b) Higher cost effectiveness6 c) Opportunity for online business expansion8 d) Role played by benefits in attracting & retaining of top talent among12
employers 13) Do you believe that flexible working practices have supported in the process of managing organisation functions in Rowlinson knitwear? Frequency a) Yes17 b) No3 c) In some instances20 14)Asperyourviewpointwastherepropercoordinationand communicationchannelsestablishedamongstemployer&employee during the covid 19 scenario? Frequency a) Yes20 b) No10 c) Somewhat10
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