Mall Business Enterprise Through Strategic Management Essay Example

concerns" refers to the smallest concerns found in private places, as defined by international organizations such as the World Bank and the International Finance Corporation. In both the USA and European Union, micro concerns are characterized by having less than 10 employees. These small concerns play a significant role in providing employment opportunities in most countries. Businesses with less than 10 employees are the primary contributors to employment, followed by businesses with 10 or more but less than 20 employees ranking second, and businesses with 20 or more but less than 50 employees ranking third (Longenecker, 2008).

Small Business in the United Kingdom

At the start of the year 2000, small and medium-sized enterprises (SMEs) comprised over 99% of the total number of concerns in the UK, contributing to half of the country's total turnover amounting to ?1 trillion.

According to Reuvid (2006), the number of new businesses started up in England and Wales increased by 16% from 2003 to 2004. In 2003, there were a total of 446,300 registered businesses, compared to 452,800 in 2004. The Committee of Scottish Clearing Banks (CSCB) also reported a similar increase of 16% for new businesses registered in England and Wales in 2003, with a total of 21,468 registered.

Small businesses had a significant role in the private sector turnover, accounting for 46.2% of turnover and38.3%of gross revenue turnover. In the UK as a whole, small businesses make up nearly all business enterprises (99.2%) that employ less than50people.Moderate-sized businesses with employees ranging from50to249only accounted for0.6%(26,000businesses). Larger businesses with250or more employees made up only0.2%(6,000businesses).

In the UK at the start of 2003, there were 2.9 million businesses without employees, accounting for 71.3% of all

businesses and generating an annual turnover of ?178 billion. The remaining categories consisted of 1.2 million enterprises, contributing to a total turnover of ?2,063 billion (Reuvid, 2006).

The Fried Chicken Business in the UK

Originating in the USA, fried chicken restaurants may also provide other food options like burgers, seafood, donner kebab, various sides, and soft drinks.

In the UK, fried chicken stores vary in size based on the number of employees and can be either small or medium. They may belong to a chain or operate independently. These restaurants are commonly located in inner city areas and primarily serve the late-night snacking market.

The fried chicken market in the United Kingdom is thriving, diverse, and rapidly expanding. It boasts around 1,000 different brands and 1,700 establishments. Notable UK favorites include KFC, Favorite Chicken, Dallas, and Chicken Cottage. Many British chicken restaurants cater to Muslim customers by serving Halal meat and using a spicier batter recipe to differentiate themselves from KFC. London, being the capital of the UK, has a flourishing fried chicken industry. Fast-paced lifestyles lead many people in the UK to opt for fast food choices like fried chicken. Particularly on weekends after clubbing, both men and women flock to chicken stores.

The fried poulet concern in London is considered to be one of the best small businesses to start. Despite requiring little initial investment, the return on investment is significant (The Guardian, 2008).