Strengths Has the economic resources to survive (skilled labor 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 labor etc Businesses relocate abroad due to cheaper costs Reduced E. IS. Spending on us as new countries require investment Cheaper imports from abroad SOOT Analysis of the United Kingdom Strengths: * Leading global trading nation – The United Kingdom is the second largest exporter and third largest importer of commercial services. * Agricultural resources to survive – The Auk’s energy sector accounts for 10% of the
GAP, one of the highest shares of many other industrial nations. They are self sufficient with basic foods which is intensive and highly mechanized. Key agriculture products include: cereals, oilseed, potatoes, vegetables, cattle, sheep, poultry, and Soot England By Rickrack * Communications – The I-J has one of the largest most advanced telecoms markets in Europe. Over 59% of the population utilizes the internet. It also has excellent broadband infrastructure with sophisticated DSL and cable networks. Business – The UK is well known for their strengths in banking, insurance, and equines services which make up for 75% of their GAP. The I-J is highly regarded for one of the largest recipients of foreign direct investments globally. The UK is forecast to sustain the strongest business environment compared to all the other major European countries from 2007 to 2011. Weaknesses: * High levels of individual debt * High levels of government debt
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