Revision:AQA A2 Business Studies Unit 4 - SWOT Analysis of the UK

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SWOT analysis of the UK

Strengths

• Has the economic resources to survive (skilled labour for example)
• Good industrial relations
• Political Stability
• Good education system compared to most countries
• English as first language and is the world language therefore improves business.
• Stable and growing economy
• Profitable businesses
• Improvement of management
• Low unemployment

Weaknesses

• Poor transport system hindering trade
• Strong pound makes exports expensive and imports dearer
• Skills shortage
• Not enough R+D
• Lack of invention and innovation
• Inefficient industry

Opportunities

• Reductions in barriers to trade therefore increasing trade partners
• Fill skills gap from migrants
• Larger market in which to trade

Threats

• Increased competition due to cheaper labour etc
• Businesses relocate abroad due to cheaper costs
• Reduced E.U. spending on us as new countries require investment
• Cheaper imports from abroad

Also See

Read these other AQA A2 Business Studies Unit 4 revision notes:

• Privatisation
• SWOT Analysis of the UK
• Balance Sheets
• Limitations of Accounts
• Profit and Loss Accounts
• Revenue and Capital Expenditure
• Market Analysis and Decision Making
• Marketing Maths
• Marketing Objectives and Decision Making
• Marketing Budgets
• Corporate Planning
• Management of Change
• Invention, Innovation and Design
• Network and Critical Path Analysis
• Business and the Law
• Employee Participation
• Human Resource Management
• Performance Measurement

Comments

These notes are aimed at people studying for AQA A2 Business Studies Unit 4, but will also be suitable for other courses and exam boards.

Originally submitted by eksman on TSR Forums.