Tapping into New and International Markets

Unit 43:
Tapping into New and
International Markets

Table of Contents
INTRODUCTION...........................................................................................................................1
PART 1............................................................................................................................................1
Introduction to UK along with its global environment...............................................................1
Analysis of global business environment and influence of key global drivers on UK...............2
Rationale for SMEs to expand their business internationally.....................................................3
SMEs take advantage of international opportunities and overcome barriers for global growth.3
Trading blocs and agreements and advantages...........................................................................4
Various tariff and non-tariff barriers that exist in international trading environment................5
How international trading blocs and agreements stimulate and generate global growth for
SMEs...........................................................................................................................................5
PART 2............................................................................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
In today's modern era, the organisations operating as a part of an economy aim at
carrying out expansion of their business operations within a number of countries apart from
domestic country. By making entry into a variety of international markets, a firm seeks to attain
growth and development in due course of time. This enables a firm to inflate its existent scale of
business functioning. In this relation, there are a number of methods which are put to use in a bid
to carry out expansion of market operations of a company. This aids the organisations in
appealing to a larger base of customers, thereby facilitating increment in revenues along with
profits.
The aim of preparing this report is to design a webpage for Barclays PLC, a renowned
multinational financial institution that is engaged in investment and other financial services. The
following project explores global business environment together with impact of key global
drivers. Besides this, it constitutes opportunities and challenges linked to global business
environment. Further, the report consists of merits of non tariff and tariff barriers together with
merits of global trading blocs. Additionally, the project also deals with benefits and
shortcomings of importing & exporting, distinction between merchandise and service exports
and imports, and ways to gain access into a variety of global countries.
PART 1
Introduction to UK along with its global environment
UK is selected as the nation for this analysis as it is recognised that a large number of
small and medium scale organisations pertain to this national economy. This is a prosperous and
constantly evolving nation which belongs to the continent named Europe. As per the reports of
2019, it is seen that this nation stands at 6th position within the largest economies of world in
terms of nominal Gross Domestic Product (GDP). The developed state of this economy enables
the growth and sustainability of large number of small and medium sized enterprises (SMEs).
Being a well developed market for commercial purpose, UK tends to serve as a lucrative place
for entrepreneurs to setup SMEs and thereby, enhance their standard of living with the passage of
time. In this relation, it is witnessed that local authorities of Britain give subsidy to these entities
with a view to promote the growth and development of SMEs within the confines of respective
country. With this assistance, such entities are able to procure the essential resources from
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market and thus conduct services through which they can gain the attention of large number of
persons. When a large number of SMEs execute their operations within the peripheral boundaries
of United Kingdom, the economy gets a massive boost and the overall contribution to global
GDP inflates as a whole.
Further, the analysis of global business environment of this country stipulates that the
political state of UK is stable. This implies that the governmental regulations as well as policies
remain constant on an yearly basis. This provides aid to the small firms in leveraging their
comprehensive knowledge of the British laws as well as regulations to gain high stake in market
place. At present, these organisations employ a total of approximately 16.3 million individuals,
thereby giving their contribution to 60% of overall jobs within the confines of United Kingdom.
Small businesses in this place are effectual in terms of providing aid to local economy. They
exhibit innovation in the territory enabling equal dispersal of income as well as heable to cover
all the guidelines in the given word count of 4000. We tried covering the maximum guidelines
possible in given word count. If client wants us to follow all the guidelinlth.
The significance and contribution of SMEs in United Kingdom can also be acknowledged
with the help of a political unrest state named BREXIT. Small and medium scale businesses
largely contributed to bring the nation out of unstable political conditions. They indulge in flow
of money so that the economy can deal with the adversities in an effective manner and regain the
old state. This signifies that entrepreneurial and small businesses play a crucial role in the
upliftment of Britain's economy.
Analysis of global business environment and influence of key global drivers on UK
Global business environment can be defined as the environment pertaining to sovereign
nations, with aspects that are exogenous to domestic territory of the company, which holds
impact over the decisions associated with capitalising on capabilities and resources. This consists
of a wide variety of external factors that place a significant influence on the business operations
of entities. In this regard, it can be analysed that it is important for corporations pertaining to UK
to take key decisions of business as per the global business environment of location. Within the
peripheral boundaries of Britain, small business enterprises give substantial contribution, thereby
constituting approximately 11 million pounds of revenue. Similarly, medium scale organisation
tend to yield revenue of 50 million pound.
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