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Can Uk Manufacturers Compete In The Essay

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Mairead Campbell
To what extent do you think it is possible for all UK manufacturers to be able to compete in a global economy? Businesses often use SWOT analysis as a means of judging their strengths and opportunities against their weaknesses and threats. They can evaluate and decide whether they are competitive enough for larger companies or other companies in their industry. I think it is possible for all UK manufacturers to be able to compete in a global economy as the UK focus on quality not quantity. They pride their produce on the ‘Made in Britain’ trademark and concentrate on high value low volume whereas other countries focus on the high volume approach which gives the UK a competitive advantage over quality which would allow them to increase their sales, hence increase their profits and competitiveness. For example, Lee Ann Fashions are producing a floral print for Marks and Spencer’s manufacturers clothing range ‘Best of British’ IP Protection is s strength in which the UK helps protect the ideas and processes of businesses by following the Copyright Patents and Designs Act which ensures these ideas are kept safe. This would encourage businesses to manufacture in the UK because in emerging economies such as China IP Protection levels are low which was experienced by Dyson who’s bladeless fan has been the subject of 100 infringements across 20 countries all originating from copies produced in China. The copies are costing the company £10m a year in legal costs, and profits were suspected to be double of what they were £40m if it wasn’t for the copies. Therefore the enforcement of laws on IP theft in the UK means a competitive advantag...

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