Global Enterprise and Innovation Assignment Example | Topics and Well Written Essays - 2000 words - 1

Global Enterprise and Innovation - Assignment Example The overall idea is to understand NIS deeply and clearly. There are many interesting features that one would notice in United Kingdom’s business environment. If we look at the latest analysis of this country, we will see that it has attracted many foreign investments. â€Å"The UK is the second largest single destination globally for US investment and in 2011 accounted for 26 percent of all the US investment stock in the European Union.† (UKTI, 2012). The economy is doing really well for the past few years and inflation is in control of the Bank of England, which is responsible for setting interest rates. Businesses are flourishing well in UK’s industrial arena because the exchange rates are relatively stable. Currency plays a significant role while operating in foreign countries. Companies operating globally have to keep an eye on the exchange rate each coming day. Imports and exports are doing well in the country. There are more exports than the imports, which is the main reason behind earning foreign income. UK is also working on lowering the corporate tax rates so that more and more businesses could be attracted into the country. Recently, UK has lowered the tax rate up to 3 percent. The employees of this country are satisfied employees because they pay less social security contributions as compared to other European countries. Entrepreneurial businesses are on the boom. Even a fresh graduate can start up a small business easily here because of the favourable market conditions. For example, running food truck is very simple in UK. On the whole, setting up a business in UK is very fast and easy. One can set up his business and get himself registered in this country within 24 hours, but it all depends on what kind of business he wants to start and in which state. There are many business advisors within the country who can guide you well about this. They can update you with the current status of businesses and the related industry,