Managing SMEs: Growth Strategies and Government Support - UK Context
VerifiedAdded on 2024/05/17
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This report examines the management of small and medium-sized enterprises (SMEs), focusing on the nature of entrepreneurship, the startup process, and the business concept. It highlights the growth and development of Wiser Company, an SME in the UK, and explores the challenges it faces, such as limited resources and market access. The report details strategies adopted for growth, including product development and market penetration, and discusses government support measures aimed at overcoming these challenges. Data analysis is presented to support the findings, and recommendations are made for SMEs to adopt new technologies, engage in cross-border trade, and utilize digitalization to gain a competitive edge. The report concludes by emphasizing the importance of quality service and strategic planning for SMEs to thrive in a competitive market. Desklib provides access to similar reports and solved assignments for students.
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