UK Car Sector: Impact of Government Support on Business Operations

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Added on  2023/06/08

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AI Summary
This project proposal aims to identify the impact of government support on managing business operations within the UK car sector, focusing on a study of Royal-Race. The objectives include identifying different types of government support for improving business performance, studying the government's role in managing business operations, and examining the impact of government support on Royal-Race. The research employs a quantitative methodology, utilizing a positivism philosophy, deductive approach, and survey strategy. Data collection involves both primary and secondary sources, with frequency distribution analysis used for data analysis. The project acknowledges potential risks such as time constraints, limited funds, and resource availability, and proposes mitigation strategies. The research also includes a literature review of government support types and the role of government in business operations.
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Project 1
Project proposal
Impact of government
support on managing their
business operations within
the UK car sector
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Introduction
Entrepreneurs are the individuals who put
their ideas and execute in such a way that can
yield profits.
An economy develops when businesses
develop and grow and for this government
takes initiatives to assist business.
UK government understands the needs of
small and medium business enterprises and
assists them so that whole economy can
develop and grow (Owen, Brennan and Lyon,
2018).
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Aims &
Objectives
Aim
To identify the impact of government support on managing their business operations
within the UK car sector. A study on Royal-Race
Objective
To identify the different types of government support that an organization can use for
improving business performance within the UK car sector.
To study the role of government in managing the operations of the business in the UK
car sector.
To examine the impact of government support in enhancing the business operation of
Royal-Race effectively.
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Research question
What are the different types of government support that an organisation can use
for improving business performance within the UK car sector?
What is the role of government in managing the operations of the business in the
UK car sector?
What is the impact of government support in enhancing the business operation of
Royal-Race effectively?
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Research
The main purpose of doing the present study is to take out in-depth information about how UK government
supports the entrepreneurs so that they can continue with their business operations. Government support
includes the financial assistance, advice and expertise to businesses so that they can continue their business
operations in a systematic way.
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Literature
Review
Types of government support
As per the opinion of Goworek and et. al., (2020),
growing an organisation is not an easy task because it
requires great efforts and investment. Some of the
significant government support that an organisation
could use to improve business performance within the
United Kingdom are: annual investment allowance,
capital allowance, employment allowance, creative
industry tax reliefs, business rates relief, innovate UK,
enterprise investment scheme, National business support
helpline and so on.
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Literature
Review
Role of government in managing the operations of the
business
As per the opinion of Oxford Analytica (2021), UK
government provides regulatory policies and legislations
for businesses so that they can grow and develop.
Government of the United Kingdom controls over the
operations and functioning businesses.
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Quantitative
Methodology It is the other research method which helps in the collection of data as per the requirement
of study. This is mainly classified into two forms which are: qualitative and quantitative
research choice.
For the attainment of current investigation's study, investigator will be using quantitative
research choice because it is linked with the accumulation of numerical content and
matter (Ragab and Arisha, 2018).
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Method
sResearch philosophy: Positivism philosophy
Research approach: Deductive approach
Research strategy: Survey
Research choice: Quantitative research method
Time horizon: Cross sectional
Data collection: Primary and secondary
Data analysis: Frequency distribution method
Sampling: Probability sampling
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Data Collection
The other significant method of research is data collection. It is the kind which helps in the
accumulation of information in such a manner that makes the study more accurate.
It is of two forms which are: primary and secondary data collection.
Primary data collection method will be selected by researcher as it assists in the collection of
raw content.
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Analysis
It is the research method which accommodates in the analysis of information. This is of two
vital forms which are: frequency distribution analysis and thematic analysis (Acharyya and
Bhattacharya, 2019).
Investigator will be selecting frequency distribution analysis as it accommodates in
analysing and finding authenticity of assembled numerical insights.
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CONCEPTUAL FRAMEWORK
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