Tapping into New and International Markets Rowlinson Knitwear

Tapping into New and International
Markets
Rowlinson Knitwear which is performing financial
operations aiming to expand its business into United
Kingdom

Global Business Environment in which
SME’s Operate
• UK is one of the developed country among all over the world.
• Due to global economic changes such as turmoil, Brexit etc. business
are impacted along with its operations.
• The government and top authorities of organisation in context of UK
are open for adopting new business due to flexible policies,
procedures and framework are formulated for SME.

Analyse Threats and Opportunities faced
by SME’s in global business environment
Global key drivers and its influence-
• Due to the changes in external business environment there are various impacts are
monitored in business.
• E-commerce works as an opportunity which is performing most effective tool for
management that leads to gain top position in market. The major benefit for E-
business that it provides large business area and customer base by offering products
to large number of individuals.

Advantages of International Trading Blocks
and Agreements
• Free trade area is one of the major advantage that is gained by management to
complete work as per concern of international trade. Europe business and agreement
are develop for completing to increase market area with minimum time period.
• Custom union is also the major advantage for completing work at low rates. The main
aim of the implementing custom union is to increase market with low investment in
local as well as international area.

Tariff and Non-Tariff Barriers in
International Trading Environment
Some major tariff barrier that are related with international trading environment restrict
business to trade as heavy tax and interest rate impact on business and their operations.
Price, licensing and franchising rules etc. are some major barrier that relates with tariff
barrier. On other side, custom and tax rate are major barrier that is paid by SME for
trading. Non-tariff barrier relates with management, administrative, rules and regulations.
This results it impact majorly on packing, labelling and deliver of products. Due to which
subsidies of business face major issue such as less demand of products. It refers it is
complex for organisation to make accurate results.

PESTLE Analysis
Political environment- This impact includes all the rules and regulations that are
developed by ruling government of country. It also refers individuals and company is
performing its work with motive of developing right results that generates
environment for accomplishing better possibilities to expand market area.
implements those operations that develop positive relations at global level.
Economic environment- It includes all those aspects which is analysed by organisation
to perform its work by understanding all work process that concern to manage
monetary aspects. From perspective of it is identified for completing all task and
operations in minimum price to get maximum output.

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Social environment- According to the perspective of social environment it is concern to
perform work with determining work as per possibilities. With this report
management perform social environment and trends to increase sale of their
environment. It manages work for analysing task with society basis.
Technological environment- The present market environment is used for organisation to
determine and manage its work with technological and innovative tools. It considers
management complete to manage task and operations with implement innovative
tools in all operations that is used for performing work in minimum time period.

Conclusion
From this presentation it can be concluded that In the end by the above
report it is monitored and concluded that there are various rules and
regulations are related with global business. This all also impacts on
free trade within a business that refuse business performance and its
impact on trade policy due to which it is complex to perform work
as per agreements and blocs.

References
Guimón, J., 2011. Policies to benefit from the globalization of
corporate R&D: An exploratory study for EU countries.
Technovation. 31(2-3). pp.77-86.
Jensen, P. D. Ø. and Pedersen, T., 2012. Offshoring and international
competitiveness: Antecedents of offshoring advanced tasks.
Journal of the Academy of Marketing Science. 40(2). pp.313-328.