Small and Medium Enterprises and E-Commerce in the UK - Essay Example

The paper “Small and Medium Enterprises and E-Commerce in the UK” is a cognitive example of a finance & accounting essay. This report aims to analyze the scenario of the given situation, in a format of rising question relevant to the situation and answering to it. Thus in the form of question and answer format, the essay attempts to analyze the current situation and also tries to productively offer a offers a general alternative solution. This essay revolves under the core context of finding a solution for the general problems faced by SMEs in the UK, taking the lead of the SAS Company.

The problems faced by UK based SMEs can actually be categorized under two contexts- in the context of modernization of self and striving to keep abreast with the global changes and second is to manage the rising problem of the attrition of employees, rising costs, competition, and changing concepts of business models, etc, that adds to the foe. The concept or the wave of transition is now loaded with a lot of uncertainty and trauma, in other words, the cheese has been moved and it is the need of the hour for this industry to take a paradigm shift.

This report is based on the analysis of the SAS Company and its status. The report flows down by trying to answers the questions that are raised and by trying to answer them, we seek to evolve a model for the SMEs in a similar plight. Acronym List:The following acronyms have been used to make the paper simple. Also, many persons quoted have used them in the context and meaning shown against each.B2B = Business to business CIO = Chief Information officerCFO = Chief Financial OfficerE-business = electronic business, Business transactions done through electronic mediumFAQs = Frequently Asked QuestionsSME = Small – Medium EnterprisesIT = Information Technology (CIT) Computerization of Information TechnologyROI = Return on Investment SWOT = Strength, Weakness, Opportunity, Threats analysis of a decisionElectronic commerce has its own advantages and disadvantages, and any organization trying to use it ought to be first well informed of its ways and means.

Basically, the computerization of an organization is essentially different from making it an e-commerce company.