📋 WAT/Essay Analysis Guide

🌟 Topic: Can Small Businesses Survive in a World Dominated by Big Corporations?

🌐 Understanding the Topic’s Importance

Small businesses are the backbone of any economy, driving job creation, innovation, and inclusive growth. With the dominance of large corporations, their survival depends on adaptability, policies, and leveraging technology.

🕒 Effective Planning and Writing

Time Allocation (30 minutes):

• Planning: 5 minutes
• Writing: 20 minutes
• Review: 5 minutes

✍️ Introduction Techniques

• Contrast Introduction: “While global corporations generate unparalleled revenues, it is the small businesses that sustain local economies and foster entrepreneurial spirit.”
• Timeline Approach: “Over the past decade, small businesses have faced increasing pressure as corporate giants expanded globally. Yet, the rise of e-commerce and government initiatives provides a lifeline for their survival.”

📊 Structuring the Essay Body

Achievements

• Small businesses excel in niche sectors: e.g., artisan crafts or specialized services.
• Local job creators: Contribute 60%+ employment globally.
• Rapid adaptability to changes: e.g., digital retail adoption during COVID-19.

Challenges

• Financial Constraints: Access to credit is limited compared to corporate financing.
• Competitive Pressures: Corporations leverage economies of scale for pricing advantages.
• Technological Divide: Small businesses lag in adopting automation and supply chain efficiencies.

Future Outlook

• Emphasize digital platforms (Shopify, Amazon) enabling global reach.
• Role of government initiatives like tax reliefs and MSME funding.
• Importance of collaborative partnerships between small businesses and corporations.

✅ Concluding Effectively

• Balanced Perspective: “While large corporations continue to dominate the global market, small businesses’ innovation, adaptability, and community focus ensure their survival—provided they receive adequate policy support and embrace technological change.”
• Global Comparison Conclusion: “The resilience of small businesses in countries like the USA and China highlights that government support, digital tools, and niche markets can level the playing field against corporate dominance.”

🔎 Analyzing Successes and Shortcomings

Achievements

• Strong role in job creation and community development.
• Quick adaptability to market trends.

Challenges

• Limited resources and access to global markets.
• Competitive disadvantages in pricing and technology.

Global Context

• U.S. Small Business Administration’s credit initiatives.
• China’s SME policy reforms to boost competitiveness.

🌟 Recommendations for Sustainable Progress

• Promote digital adoption among small businesses.
• Strengthen financial support through credit schemes and grants.
• Facilitate public-private partnerships to share technological advancements.

✍️ Sample Short Essays

Balanced Perspective

“While big corporations offer vast resources, small businesses’ flexibility and innovation continue to drive local economies. Government support and digital adoption will be key to their survival.”

Solution-Oriented

“To thrive in a corporate-dominated world, small businesses must embrace digital transformation, backed by targeted financial and policy support from governments.”

Global Comparison

“The survival of small businesses, as seen in countries like the USA and China, depends on policies that balance corporate growth with SME resilience through financial access and technology integration.”