Bullet point 5 - Manufacturing in the UK - Research

This is full research for use in answering bullet point 5 questions of the AQA spec research theme for business studies

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  • Created on: 22-04-15 09:43
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Bullet Point 5: The Opportunities and Threats Facing Business in the Manufacturing in the UK
Outline the main Opportunities for Businesses (Theory)
The UK has used its skills base to develop niche manufacturing
This has seen market development in the US, EU and larger emerging markets such as BRICS and
MINT
Product development has taken place to cater for these different markets
As the global economy grows increased income will lead to greater demand for quality,
environmentally friendly products
Changing demographics are creating growing markets
Structural change is occurring through general purpose technology e.g. the internet
The UK produces high value products at home and low value products abroad
It is highly exposed to foreign investment and ideas that can benefit the economy in future years
Opportunities to source low cost
supplies, or outsource / offshore production to low cost / emerging economies.
Could... increase price competitiveness in world markets, thusincrease... sales, market share and / or
profit.
Opportunities for the Automotive ANALYSIS OF FACTOR
Industries : How has this impacted on business strategy? What have
been the benefits? HOW WILL IT IMPACT ON
COMPETITIVENESS?
Chinese developed such a liking for British Opportunities for lower costs may be greater in other
breakfast cereal - Chinese state-owned countries eg Vietnam, Indonesia, Thailand, Malaysia,
Brightfood bought 60% stake in Weetabix. Philippines, Mexico
Rolls Royce - now generates over half its
revenue from services. Rolls-Royce has
made a significant and successful
transition from a pure manufacturing
company, to an integrated solutions
provider - now generating over half of its
revenue from services
Growing demand for more
environmentally friendly (greener) Invention of new hybrid technology in the car firms within
products and processes Opportunities the UK Toyota and Honda
for range for firms eg... for car firms to
produce low CO2 emitting cars,
electric/plug-in hybrid cars.
Increased demand for lightweight,
composite products eg in wind turbine
blade, aerospace
Opportunities for Other Industries : ANALYSIS OF FACTOR
How has this impacted on business strategy? What have
been the benefits? HOW WILL IT IMPACT ON
COMPETITIVENESS?
Healthcare / related products - Research 2010, 36% of new health product launches in EU originated in
shows - as income rises people place UK. (Institute of Manufacturing)
greater value on health.
Ageing population - Likely to increase
demand for medicines, health-related
products. An ageing population also provides opportunities for
manufacturers to adapt their products to take into account

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Food &Bev the conditions of older people, (eg weakening sight, hearing,
Firms. New convenience food market ­ mobility) and, thus, more closely meet their needs and help
predicted to rise to £46.2m by 2018 maximise sales - for example - through larger lettering, bigger
signage and better lighting on the dashboard of cars.
Chinese have developed such a liking for British cereal that in
May 2012, China's state-owned Bright Food - bought a 60%
stake in Weetabix
Key Evaluation points.…read more

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Bullet Point 5: The Opportunities and Threats Facing Business in the Manufacturing in the UK
Outline the main Threats for Businesses (Theory)
Increasing skillsin emerging economies and a lack of skills in the UK have seen an increase in
higher value output abroad
This could cause significant problems in future years as overseas students are educated in the
UK and transfer knowledge back to their own economies
This is also happening with the foreign takeover of UK plc
A lack of understanding of export marketscould…read more

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China , which
was driving its traditional client base out of
business
Key Evaluation points.
Consider the SIGNIFICANCE of these threats.…read more

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