Business Report: Employability, SME Challenges, and Global Strategies

This essay delves into two primary topics: employability and small to medium-sized enterprises (SMEs). The first section defines employability, emphasizing the importance of 21st-century skills like communication and creativity, alongside personal attributes such as optimism. It explores how individuals can develop these skills for future workplace readiness. The second part focuses on SMEs, outlining the challenges they face when expanding globally, such as competition and the need for robust strategies. The essay highlights internal and external barriers to internationalization, then proposes solutions like adopting a culture of internationalism and developing cultural intelligence within the workforce. The conclusion reinforces the significance of employability skills for individual success and the necessity for SMEs to adopt effective strategies to capture foreign markets and maximize profits. The document includes a comprehensive list of references from academic journals and books.

Business organisation

Table of Contents
INTRODUCTION '..........................................................................................................................1
Essay 1 ............................................................................................................................................1
Clear understanding of employability ........................................................................................1
Explain two main 21st century skills and two personal attributes that make you employable
and justify why they are valuable in the workplace....................................................................1
Explain how could you develop one or more of these skills to be ready for the future
workplace ...................................................................................................................................2
Essay 2 ............................................................................................................................................2
Clear understanding of SME ......................................................................................................2
Two major challenges that can stop an SME going global ........................................................3
Possible solutions to overcome these problems .........................................................................4
CONCLUSION ...............................................................................................................................4
REFERENCES ...............................................................................................................................5

INTRODUCTION '
The following report includes two essays. The first is one is related to employability. It
includes two main 21st century skills and two personal attributes that makes an individual
employable. This includes how can an individual develop one or more skills for future success.
Other essay is based on the topic SME. It consists of major challenges that stop SME to expand
business in global environment and different solutions to overcome such problems.
Essay 1
Clear understanding of employability
Employability is defined as different context and meaning which describe a student's ratio
of employment. Employability is an essential factor of the higher education. This is known as set
of obtaining understanding as personal attributes which will further help in developing
individuals are employable and feasible for working and business environment. Employability is
a concept which is related to getting jobs. This consists of broader attributes and skills it helps
both employees and employers for working in the organisations effectively. Different skills are
required for development of employability opportunities such as problem solving, self-
management, teamwork, learning capabilities, planning and organising. Search skills must be
fulfilled in order to have effective working of the employees and Organisation. This helps
companies to have skilled and talented employees who can work in an appropriate manner.
Explain two main 21st century skills and two personal attributes that make you employable and
justify why they are valuable in the workplace
The skills of 21st century dead by different people for development of employability skills
and learning skills. These are defined as universal needs that are required for a good career and
this may vary in terms of career aspirations and value of the person. The skills of 21st century
need for employability are communication, collaboration, creativity, thinking, positive mind, etc.
Creativity is defined as essential skill which is the meaning of adaptation. On the other hand,
creativity thinking is an initial quality for an individual to perform his job role in an appropriate
way. These skills help in students for evaluating and analysing different topics which are related
to innovation. Companies are benefited if employees are having innovative skills as in today's
world there is huge advancement of Technology and due to this it is necessary to have
competitive advantage. Collaboration as related to working of individual in groups and

achievement of goals in right time. Such skills are important for achievement of organisation
objectives in specified time. There are different personal attributes which are helpful for people
to do their job in an effective manner. This is a communication and optimism. Positive person
has a peaceful mind and he is able to against all situations and do his work in right manner.
Different problems are solved when individuals have positive approach towards different
situations that create Kaios and problems. A positive person has power of managing his work in
appropriate manner. An optimistic individual do not panic in negative situations. Communication
is defined as the key factor which is helpful in understanding the steps of people. If there is
presence of effective communication, then it is easy to have respect for each other at workplace.
Collaboration is another skill that helps in different tasks and activities of the company in right
manner so helpful in performing different functions and activities of the organisations
effectively.
Explain how could you develop one or more of these skills to be ready for the future workplace
Skill development is defined as process of identification of skill gap and developing these
skills. It has been analysed that if an individual is not having good communication skills, there
are different ways of accomplishing these. The main thing which can enhance the
communication skill is showing respect towards task or activity. This includes multi tasking
while communicating with others. This helps in developing more effective way in managing
employees in workplace. Another way of communicating within organisation includes
communicating via email and texts. Thus, it is necessary that an individual must have
communication abilities for managing his or her work in the workplace effectively.
Communication skills and creative thinking are two main skills that will help an individual in
achieving success within the company. This will enhance multitasking and attainment of goals
within time.
Essay 2
Clear understanding of SME
The full form of SMPS small to medium size organisation. This is helpful in maintaining
revenue, assets and number of employees working in the company. The small to medium size
organisation are those which have less than 500 employees working in the company. Search kind
of organisations make majority of business in different countries. These companies are

businesses which have certain limits. The abbreviation of this term is used by various
international organisations such as the European Union, the World Bank and the World Trade
Organisation. SME's outnumber large organisations by wide margin and these also employ a lot
of people. This can be explained with an example, the Australian SME's make up 95% of the
business. It produces one third of the GDP and employ around 4.7 million people.
Two major challenges that can stop an SME going global
Internationalism is an essential factor which is helpful in maintaining the talent and
retaining it in market. For SME’s globalisation or internationalism are two important factors that
helps in growth and development. This is done by using digital transformation and this reduces
the barriers for entering new foreign markets. Globalisation or Internationalism is defined as an
important factor which is useful for economic growth of the company. A strong and attractive
strategy is used by businesses for maintaining the brand image in foreign markets. The business
managers who transforms from domestic organisation to international organisation are divided
by in depth understanding of local markets, customers and tastes. SME’s are generally family
business that started years ago. Globalisation has become a challenge for which SME’s are not
prepared and they do not know how to cope up with this situation and enter new markets
effectively. There are various barriers faced by small enterprises while going global such as
internal as well as external barriers. The internal barriers include limited human resource, less
information for locating and analysing markets, insufficiency of finance and difficulty of setting
pricing strategies. On the other hand, External barriers include difficulties in transactions with
foreign customers, competitors in international markets, regulations and rules that restricts
exporting and globalising, low technological requirement and supply chain networks. These
issues affect the functioning of companies in global market. Thus, these issues have to be
overcome.
The two main challenges that are faced by SME while entering into foreign markets is
presence of competitors and lack of strong strategy. If a SME do not have strong marketing
strategy, it is not easy to maintain a good reputation in market. Competitors are more strong in
foreign markets. Thus, it is assigned that all organisations must be able to develop strong
strategies in order to manage working in foreign markets.

Possible solutions to overcome these problems
There are various problems that are caused while doing business. These challenges must
be overcome by increasing the efficiency of the company. In this context of SME’s, there are
different solutions for managing the adoption of culture. adoption of a culture of internationalism
is essential. The number of employees hired in the company have proper knowledge of cultural
intelligence, then only success organisations can be made in foreign markets. The leadership
team sees strategy of internationalism as the key priority of international success of business.
CONCLUSION
It is concluded from the above discussion that the concept of employability skills is
helpful for students to manage and handle their work and activities effectively. The Global
expansion of SME’s is an important factor that is important in business world of today. This is
evaluated that a student must have employability skills as this provides opportunities that a
student must have to get a successful job. The second part of essay which is SME, it says that
organisations must adopt effective and strong strategies that will help in capturing foreign
customers. The globalisation concept is important as this helps in maximising profits and
marketshare of the company.

REFERENCES
Books and Journals
Alauddin, M.D. and Chowdhury, M.M., 2015. Small and Medium Enterprise in Bangladesh-
Prospects and Challenges. Global Journal of Management and Business Research.
Benson, V., Morgan, S. and Filippaios, F., 2014. Social career management: Social media and
employability skills gap. Computers in Human Behavior, 30, pp.519-525.
bin Atan, J., Raghavan, S. and Mahmood, N.H.N., 2015. Impact of training on employees' job
performance: A case study of Malaysian small medium enterprise. Review of
Management, 5(1/2), p.40.
Collet, C., Hine, D. and Du Plessis, K., 2015. Employability skills: perspectives from a
knowledge-intensive industry. Education+ Training, 57(5), pp.532-559.
Kasiran, F.W., Mohamad, N.A. and Chin, O., 2016. Working Capital Management Efficiency: A
Study on the Small Medium Enterprise in Malaysia. Procedia Economics and
Finance, 35, pp.297-303.
Mishra, K., 2014. Employability skills that recruiters demand. IUP Journal of Soft Skills, 8(3),
p.50.
Stewart, H. and Gapp, R., 2014. Achieving effective sustainable management: A small‐medium
enterprise case study. Corporate Social Responsibility and Environmental
Management, 21(1), pp.52-64.
Suleman, F., 2016. Employability skills of higher education graduates: Little consensus on a
much-discussed subject. Procedia-Social and Behavioral Sciences, 228, pp.169-174.