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Challenges and Strategies for Small and Medium-Sized Organizations in the UK during Covid-19

   

Added on  2023-06-09

10 Pages2710 Words426 Views
PROJECT 1
INDIVIDUAL ESSAY

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Small and Medium Sized organizations are those entities who operate their business with
less than 250 employees. The essay is intended to make an intensive study on SMEs in order to
present fully fledged idea that how some key challenges are impacting internal environment of
these organizations (Oluwafemi, Mitchelmore and Nikolopoulos, 2020) Furthermore, some
strategies would also be scrutinized which has been used in last two years to interact with
external environment. At the end of this report the role of UK government has to be analysed
with respect to support to SMEs during Covid-19.
MAIN BODY
In UK there are lacks of small and medium-sized organizations are working in the
market. Who got affected in last two years, due to some unforeseen circumstances. These
organizations are operating their business to a greater extent, so they got affected by number of
challenges.
Internal business environment consists aspects such as Vision, Mission, Objectives of an
organization, the organizational structure, Corporate culture, Human Resources, Value system
they abide with and Physical resources, technological capabilities, Labour unions, quality of
work and operations etc. These internal environmental elements were got befitted in last two
years (Saeed and Ziaulhaq, 2019)
One of the biggest challenge came as supply chain disruption. It affected supply to small
sized organizations. Majority of small sized organizations are now depended on global suppliers
for fulfilment of supply. If heavily affected the operational efficiency of SMEs. Operational
efficiency is the most significant element of internal business environment. Which got affected
due to disrupted supply chain management.
Due to pandemics employees were not able to work at workplace. So in such
predicaments SMEs were also offering them opportunity to work from home, which affected HR
management system. Internal business environment is having great impact of HR management. It
decides the way forward for human resources engaged in operations. Here, it can be summarized
that in last two years one of the biggest challenge came in form of poor human resources
management in small sized organizations.
Disruption of corporate culture became one of such peril. SMEs are known for the culture
they come up with. It helps them to perform better in the market. That's the reason now in UK

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