Research Project On Entrepreneurship

Research Project On Entrepreneurship
(To determine influence of COVID-19 on small and
medium firms. A study on United Kingdom.)

Table of Contents
INTRODUCTION...........................................................................................................................3
Overview of the topic.............................................................................................................3
Background of an organisation...............................................................................................3
Research aim and objective....................................................................................................3
LITERATURE REVIEW................................................................................................................5
Impact of COVID 19 on small and medium enterprises within UK .....................................5
Decision making that small and medium firms are undertaking during the COVID- 19
pandemic ................................................................................................................................5
Ways through which SME survived during COVID 19 pandemic........................................6
Effectiveness of the UK national schemes in supporting small and medium firm during
COVID-19 pandemic..............................................................................................................7
RESEARCH METHODOLOGY.....................................................................................................9
Discussion......................................................................................................................................10
CONCLUSION AND RECOMMENDATIONS .........................................................................18
Conclusion ...........................................................................................................................18
Recommendation..................................................................................................................18
REFERENCES .............................................................................................................................19

INTRODUCTION
Overview of the topic
Entrepreneurship is a quality of developing, organising and running a business
organisation with many uncertainties to earn a profit. Starting a new business is an example of
entrepreneurship. It uses factors like labour, land, natural resources and capital to earn profits. Its
vision can be defined as risk taking and innovation. Small and medium sized enterprises are
independent organisations which have fewer than a decided number of workers. The number of
employees are not same, it is different across countries. The maximum number of employees are
250 in some countries while in some SME have more than 500 employees. Although these firms
are small in size but it plays a vital role in an economy. It employs large number of people and
helps in creating innovation (Alvarez and Barney, 2020). Government's intervention is also there
as it provides incentives, favourable taxes treatment, providing loans with easy process and low
interest rates to help them in businesses. SME enterprises are the lifeblood of an economy of UK,
it has contribution of 50 percent out of the total revenue of all the businesses of UK. The effects
of Covid 19 crisis was immense like default on loans, to retain workers and so on (Wennberg and
Anderson, 2020).
Background of an organisation
Rowlinson Knitwear Ltd is a manufacturer of apparels. It is a company which
manufactures clothes for students and knitwear. It is a private limited company incorporated on
20 September, 1972. It is a medium-sized enterprise, that has employees between 50 to 250 and
turnover of 10 to 50 million. It is a company which does not supply directly to the customer even
school uniforms are supplied to schools and shops that come under schools (Sydow, Schreyögg
and Koch, 2020). It provides fair and long-lasting clothing in nominal prices through
independent retailers. While production of products they are mainly concerned for providing
good quality in its products and services.
Research aim and objective
Research Aim
“To determine influence of COVID-19 on small and medium firms. A study on United
Kingdom.
Research Objectives

 To identify the impact of COVID-19 on small and medium firms within United
Kingdom.
 To examine the decision making that small and medium firms are undertaking during
the COVID- 19 pandemic.
 To identify the ways through which small and medium size firm can survive during
COVID-19 pandemic.
 To determine effectiveness of the UK national schemes in supporting small and
medium firm during COVID-19 pandemic
Research Questions
 What are the impacts of COVID 19 on small and medium firms in United Kingdom?
 What are the decisions taken by small and medium firms during COVID 19
pandemic?
 What are the ways through which SME survived during COVID 19 pandemic?
 What are the effectiveness of UK National Schemes in supporting small and medium
firms during COVID 19 pandemic?
Rationale of the research
The main reason to conduct this research is to know the issues faced by the COVID 19 by
small and medium enterprises. As this pandemic has created a lot of problems to almost all the
businesses but the small and medium firms are mostly affected by this because they have
resources in a very limited numbers. It is done to know the impact of covid 19 on SME in UK
and what all decisions are have taken to cope up with the pandemic. COVID 19 has stopped the
activities of the businesses which has created loss of profits to them.
Overview of the other chapters
There are various chapters that would include as they are necessary to undertake this
research. These chapters help researcher to take research effectively and efficiently because it
explains all the answers to the given questions. It includes introduction in which it gives an
overview of the research and background of the company taken to investigate this research then
it will have literature review in which aims and objectives would be there that explain how
COVID 19 impacted the SME overall and all the ways used by small medium enterprises to
overcome the disadvantages occurred to them.