An analysis of the contribution made by SMEs to the UK Economy, 2008- 2012



ACKNOWLEDGEMENT

I, (Name) wish to announce that all contents of this work / memory stand in my own work without any support, and this thesis / dissertation has been no research on the academic and professional in the past. It also represents my own views and not closely related to the university.

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DECLARATION

I, [name of the author], hereby declare the best of my knowledge, the entire contents of this thesis represent my real job, and that such a thesis was submitted prior to any academic research or other qualifications. In addition, the researcher represents his own personal opinions and do not have anything to do with them at university.

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Abstract

The importance of Small and Medium enterprises has been identified through the years in contributing to the economy of many countries. The research focuses on the contribution SMEs make to the economy of UK. Similarly in the case of SME's, here too the performance of the firm is judged on the basis of growth. Most importantly sustainable growth in sales is considered to a deciding and reliable success criteria (Laurence, 2001). There have been considerable developments in tax policy, which have impacted on compliance costs within the UK over the last 20 years, and these are reviewed in order to set the current findings into context. The literature review considers developments in the split between core compliance costs, total costs and the costs of activities that are required for ongoing business decisions unconnected with tax. Time management skills priorities, urgent versus important, delegation, time management tools - the dynamic world of work today makes high demands on the self-organizing capacity of each individual. Read about the issues in the context of time management as part of your soft skills are important.

TABLE OF CONTENTS

ACKNOWLEDGEMENTII

DECLARATIONIII

ABSTRACTIV

CHAPTER 01: INTRODUCTION1

Small and Medium size enterprises and Sustainable growth1

Background of the study2

Knowledge management awareness and sustainable growth2

Aim of the research3

Research objectives4

Research questions4

CHAPTER 02: REVIEW OF LITERATURE5

Constraint on growth6

Tax compliance7

Revenue and Customs9

Improving Knowledge Work10

Information Management11

Service Capacity12

Clear and adapted12

CHAPTER 03: METHODOLOGY14

Overview14

Mixed Method Research15

Research Design16

Explanatory Research17

Research Strategy18

Cross Sectional18

Sampling method19

Sample size19

Research limitations20

Research Ethics20

Ethical Theorists20

CHAPTER 04: RESULT AND DISCUSSION22

Entrepreneurship and sustainable growth in SME's22

Demographics and sustainable growth23

Unemployment23

Lifelong learning policy and human capital24

CHAPTER 05: LIMITATIONS26

CHAPTER 06: RECOMMENDATIONS AND CONCLUSION28

Assess Risk28

Recommendation for SMEs28

Managing Change28

Support of the Product29

Indicators for efficiency30

Steps the UK government can take to promote SMEs30

Leadership skills30

Specific necessities of a leader31

REFERENCES34

APPENDIX56

PERSONNEL STATEMENT56

CHAPTER 01: INTRODUCTION

The purpose of the research is to expand the boundaries of our horizon and contribute to the academia at large. The importance of Small and Medium enterprises has been identified through the years in contributing to the economy of many countries. The research focuses on the contribution SMEs make to the economy of UK. In small and medium enterprises (SMEs), many companies work independently and do not care about each other. This creates a loose relationship to strengthen business. In addition, socioeconomic for the past forty years has drastically changed and this has had an effect to business and had made much business face increased competition. This has also caused companies to adapt themselves to changes ...