Business organisation Essay Example | Topics and Well Written Essays - 2500 words

Business organisation - Essay ExampleAs such a firms response to market changes is structured by its figure of capitalism, which has its own features like particular management structure, system of ruless, culture, and legal governing bodies. Thus, success and failure of an enterprise depends on its investment strategy in different system structures and personnel. Accordingly, the British SMEs follow the personal form of capitalism. It is signifi loafert to verify how this personal form of capitalism has helped the British SMEs to flourish. Lets consider some stats on British SMEs in this regard (Chandler 1990.According to BT Business special report by Bourne (July 2007), importance of small businesses in British economy can be judged from the number of enterprises in the UK, which is 4.3 million, 99.3% of which have less than 50 employees on their roll. Small businesses generate about 10.3 million jobs in the UK, which is 46.8% of all jobs. Turnover of 36.4% UK businesses is abov e 800 billion annually. Technology is a big reason according to BT Business report in the expansion in SMEs and it is an add-on to the smaller businesses tradition of collectively working by building further on personal relationships.By getting their business online, SMEs are trying to scale the ladder of progress. most stats to consider 60% businesses have online presence, 2% use the online medium for advertisement, 9% are listed on other websites, 8% have a totally use online strategy and 21% have no web presence.About three-quarters of small businesses (74%) view the internet as an important tool in achieving their business targets in the approaching 5 years and 63% businesses assume that they can better compete with bigger players and varied markets through internet.Personal capital being the addition factor of British businesses, they work in the direction of personal relationship and winning the faith of their customers,