Impact of Brexit on Hospitality Industry in East London
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Added on 2023/06/11
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This research proposal aims to study the impact of Brexit on the productivity and profitability of the hospitality organization, with a case study of The Cow hotel. It analyzes the challenges faced by the hospitality industry due to the decision of Brexit and effective ways to cope with the situation.
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Research Proposal
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Table of Contents Research Proposal.......................................................................................................................................1 Literature Review &Rationale......................................................................................................................3 Research Methodology................................................................................................................................6 Research project outcome.........................................................................................................................10 References.................................................................................................................................................11
Topic- The impact of Brexit on hospitality industry in East London Aim “TostudytheimpactofBrexitontheproductivity&productivityofthehospitality organization”. A case study of The Cow hotel Research Objectives To understand the impact of Brexit on the hospitality Industry in UK. To analyze the effective way that can helpful for the company to cope with Brexit situation. To determine the challenges faced by hospitality industry due to decision of Brexit Research Questions What is the impact of Brexit on the hospitality Industry in UK? What is the effective way that can helpful for the company to cope with Brexit situation? Which are the challenges faced by hospitality industry due to decision of Brexit ? Literature Review &Rationale The practise of imparting information &comprehension of academic literature on a certain issue is known as literature review. A literature review aids in the provision from in understanding about a certain issue as well as the backdrop of the investigation. The impacts on employee, employment, commitment, & quality of work life inThe Cow are depicted in this research study. It also discusses the issues that the UK hospitality industry is facing as a result of the Brexit vote(Abdurrahman &Mulyana,2020).In addition, the paper examines the strategies employed by the UK hospitality industry to mitigate the negative effects of Brexit on The Cow organisation.
To understand the impact of Brexit on the hospitality Industry in UK According toWhitney James , (2021), revealed that the pound hit a 31-year low on the day of the referendum outcome. This highlighted speculators' concerns about the UK's post- Brexit future. The pound gained during the next year as investors adjusted to the news. The pound fell once further after the Brexit transition plans were presented &consistently denied. While a reduced currency boosts exporters, the pound's fluctuation demonstrates investor scepticism. It also makes buying UK fixed-income assets unappealing, & also foreign investors (FDI) is expected to stall. it is determine that after the Brexit vote to think on & consider the probable consequences of the historic decision to leave the European Union. Now may not be the moment to wait patiently; now is the moment to act, because that's how our organisation is addressing this. This wasn't the outcome Manpower Group or the preponderance of multinational corporations had bargained for, &it came as a rude awakening to many(Allen, Rivkin &Trimble, 2022).Whenever the power structure shifts suddenly, we switch to Plan B. Whereas the UK Parliamentdebates what comes next &who will take the nation in that direction, many businesses are looking for answers, & also potential employees are looking for new chances. It is analysed thatclimate of unpredictability is just nothing new. We've become accustomed to a less secure & also unpredictable comment environment. Companies must plan for uncertainty &be structuredfor transformationin today'sworkplace.Businessexecutivesshould nowlook forwards & lead, ensuring that the UK preserves its positive effect on business performance, which has allowed it to succeed for so long. To analyze the effective way that can helpful for the company to cope with Brexit situation. According to the Jonas Prising ,( 2016), revealed that it would be some months well before new UK government is elected &decides when &how Article 50 will be invoked. Negotiating priorities will take two to three years to develop. The vote's immediate repercussions &the geopolitical road ahead are unknown, but corporate executives do not have to be. It is determined that there are various ways which can helpful manage &cope up with the adverse impact of the Brexit such asKeep calm & hold steady,when presented with a problem, many people adopt a
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cautious approach attitude or, better, panic. Fears of the European Union collapsing in a row of dominoes across the area as a result of Brexit are unfounded. Knock-on tremors might well be felt in Austria & also the Holland, but this choice, in contrast to this disturbing situation, may serve as a welcome wake-up call to people beyond the UK. The best course of action for firms is to remain calm & go on with operations as normal except otherwise proven. The another technique isremembers UK labor market is strong,it is determined that So far in 2016, the UK job market &economy have performed admirably. This referendum outcome comes at a time when the UK's employment figures are at their highest in years. Poverty is close to 5%, while employee engagement is already at a high of 74%, over 10% more than in the United States. It is determine that For the time being, firms should take advantage of the state's financial &labour market stability(Breckenridge &Feldschreiber, 2019).What we do know is that agility & also ability to adjust to new environments will be crucial throughout this period. The another way to cope with the Brexit isOvercome the main divide,many argue that this was a vote driven by emotion rather than facts. If there's one thing we can take away from Brexit, it is just that people are feeling disenchanted &detached outside of our companies &in the areas where we function. It is determined that maintain the employees &employer , People are my focus as Chairman & CEO of the world's greatest employment solutions firm, &also company should be about all companies right now. Instead of being seen as a country where access to talent is simpler, the UK is on the verge of being considered similarly to most other nations with limited immigration. In this respect, the UK will just not be much worse than plenty other nations, but it will risk losing the really distinct competitive advantage of having access to a skilled employees, which is critical for both national &corporate development(Buckland, 2017). To determine the challenges faced by hospitality industry due to decision of Brexit According toCvenkel (2019), defined that people rely heavily on specialists for their treatment &well-being, therefore health care professionals play a critical role in ensuring that the hospital's operations are carried out properly. It is analysed that Brexit continues to be a source of anxiety for European physicians working in the UK, affecting their professional &personal pleasure. The decision of the British people to leave the European Union has had a significant influence on hospitality organisations, leads to financial & also operational challenges (Cvenkel,2019).The
key obstacles that the UK health-care business will confront when making decisions on Brexit are as follows: Recruiting workers, numerous care &service personnel presently working inside the United Kingdom have come from other EU nations, according to European Union policies on freedom, mutual adjustment, & also mobility of professional degrees in the EU. The UK hospitality business is now striving to retain & also attract temporary members of staff in hospitals in order to serve patients properly & also efficiently, as is universally recognised. It is determined that the strategy for gaining freedom will remain constant & also undecided until the UK recognises its duties under EU treaties. Employee unhappiness: Brexit has caused conflicts between employees, which has harmed the hospitalitycompany's productivity & growth. Employees must please clients in order to stay in good standing &improve the health service industry in terms reputation. Workload challenges have arisen as a result of talent shortages &lack of knowledge connected to new technologies, resulting in low morale &significant absences in institutions(Dayan, 2021). Research Methodology The process of acquiring & also synthesising data using various methodologies connected to a certain issue is known as the research technique. It allows the reader to assess the study's reliability &validity.It is defining research methodology as "a form of blueprint that helps researchers does study in an effective & also efficient way." Throughout order to achieve the investigation's goals & also objectives, they employ a variety of approaches in their study. The methodology will be chosen by the researcher based on the present issue, which is the impact of Brexit on the United Kingdom hospitality organisation that is The Cow &it is determine that the business in terms of organization productivity &profitability(Duda-Mikulin, 2019). Research Philosophy -Research philosophy is a type of research that may be divided into two types: positivism & also interpretivism. The research has chosen positivist philosophy in this study since it aids in the analysis &interpretation of data with the participation of humanity. The choice of positivism paradigm is based on the fact that it gives in-depth understanding of the subject. The philosophy of positivism aids in the right evaluation &analysis of numerical data.
The interpretivist philosophy is not chosen by the researcher since it takes a very long time to conduct the inquiry. Research Approach -One of the research methodologies that aids in the proper evaluation &assessment is the research strategy. Inductive, deductive, & inductive research approaches are the three most common. The researcher is employing a deductive strategy in this study since it allows them to gather &analyse data in a quantitative manner in a shorter amount of time. The justification using the deductive technique is because it focuses on data analysis, which aids in the collection of numerical data(Duncan, 2021).As a result, the issue of the impact of Brexit on the UK Hospitality industry in terms of personnel selection, engagement, engagement, & also quality of work life is supported by the deductive method. The advantage of employing the deductive technique is that it is a night before going to bed &cost-effective method of acquiring data. Researchers can use a deductive strategy to conduct out investigations using correct & relevant data, allowing them to achieve their goals & also objectives in a structured manner. Qualitative Research -The researcher is conducting the current investigation employing a qualitative research technique since it provides quantitative data. It facilitates in the examinationof data&numbersrelatedto a researchtopic.The primarygoalfor employing quantitative methods is to gain a deeper understanding of social problems. This method can be used by the investigator to keep track of events &conditions that have a direct impact on persons. It also creates or produces tangible proof that can be communicated or examined using facts &statistics. A qualitative research also provides thenecessarysamplesize,descriptiveanalysisfortheinvestigatedvariables, &confidence intervals. Quantitative Research –The process of gathering &interpreting numerical data is known as quantitative research. It may be used to identify trends or patterns, make a prediction, evaluate causal linkages, &extrapolate outcomes to larger groups. There are various kind of qualitative strategies are considered such as -
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-Interview–Organized, semi-structured, &individual questions are among the severaltypesofinterviews.Researchtacticsareeffectiveinimplementing relevant answers when used appropriately &in line with the criteria. The survey approach will be used in this study, which has the benefit of allowing respondents to react in a short length of time. A list of particular questions will be compiled, along with suitable responses. As a consequence, the participant is able to respond depending on their knowledge. -Survey -The researcher should construct a questionnaire with questions that the participants can comprehend when utilising this method. Take, for example, an open-ended question. The principal motivation for this is that it is simple to underst&&individuals can respond in a meaningful way. Organized questioning will be employed in the case of this investigation in order to achieve favourable results. Data Collection &Analysis A data collecting method is a sort of research method that assists the investigators in obtaining relevant information about the issue in a timely manner. Researchers collect data from a variety of sources in order to obtain reliable knowledge about the topic matter. There are two sorts of data gathering methods: primary & also secondary data collection methods. The researcher has selected both primary &secondary data collection methods for gathering knowledge &achieving the research's goals (Abdurrahman &Mulyana, 2020). The researcher uses the secondary data collecting approach to obtain published &utilised information on the impact of Brexit on the UK Hospitality industry in terms of employee recruitment, retention, motivation, & also career satisfaction(Dwertmann &Kunze, 2021). The benefit of using a secondary collecting approach is that it makes evidence available that has already been collected by others to create personal &goals. Books, magazines, periodicals, articles, magazines, &other secondary sources are some of the options available to researchers. In order to get firsth&knowledge, the researcher has selected primary data gathering as a method.
The investigator has chosen a questionnaire was designed to collect primary data. As a result, both data gathering methods help the researchers in completing the research in a trustworthy, meaningful, &effective way. Data Collection Instruments -Data gathering devices aid researchers in completing their studies in a timely & also accurate manner. The questionnaire is the data collection tool employed by the researcher for this study. The justification for using a questionnaire instrument is that it saves the researcher money, provides more reliable data, & also allowsthemtocontactalargenumberofindividualsrapidly.Thequestionnaire instrument is an efficient technique to gather first-&raw data in a short amount of time. Sampling- Sampling is a research strategy wherein a data was collected from a set number of respondents in order to achieve the industry research goals & also objectives. It is primarily divided into two types: probability sampling or quasi sample. Probabilistic sampling was used to select as the samples method for this study because it allows for a larger number of participants to be picked in order to acquire meaningful data. The reason for using quantitative approach is that it emphasises the use of a random sample approach. This strategy ensures that all participants have an equal opportunity to offer valuable regarding the present study. A sample of 50 employees. Research project outcome The hospitals' management accounting lacked really management as well as personnel shortage mitigation. Because it happened so quickly, organisations didn't have enough time to reorganise all of the items that had been destroyed as a result of Brexit. Furthermore, not only have businesses suffered as a result of Brexit, but personnel &the broader public have also been negatively impacted. Following the detrimental knock - On effects on the UK Hospitality industry, businesses have devised a number of strategies to mitigate the negative impact of
Brexit on their businesses & their staff(Zhang, 2018).This has resulted in the effective employment of talented individuals through targeted organisational performance &productivity. The methods used by hospital systems have greatly aided them in increasing their production by giving prompt help to patients without any losses or interruptions in essential operations. Above that the discussion will focus on an inquiry of the research review's aims &goals, &also the methods, findings, & also commentary(Filimonau &Mika, 2019).Literature review is based on the information published by numerous well-known writers, which would be in the format of secondary sources such as books &papers, as well as journals &the internet. Methodology has definedwhatformofresearchhasbeenconductedutilisingwhichresearchphilosophy &decision, as well as the strategy &approach, as well as the timeframe, instruments, &processes. In the form of a summary, the results & also discussion of the study contains information on the findings as well as all of the subjects covered in the existing literature(Simionescu, 2018).As a result, all of these topics are examined in depth in the current inquiry, allowing for a thorough examination of the research goal &goals based on the influence of Brexit on the hospitality business in the United Kingdom.
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References Abdurrahman, L. &Mulyana, T., 2020, June. Parallel Construction of Information Technology ValueModel:Design-ScienceResearchMethodology.In20208thInternational Conference on Information &Communication Technology (ICoICT)(pp. 1-8). IEEE. Allen, J., Rivkin, I .D. &Trimble, J .E., 2022. Relational methodology.Cultural methods in psychology: Describing &transforming cultures, pp.174-207. Breckenridge, A. &Feldschreiber, P., 2019. Impact of Brexit on UK &EU drug regulation &patient access.Clinical Pharmacology & Therapeutics,105(4), pp.923-925. Buckland, D., 2017. Brexit &the EMA: what's next for the UK?.Prescriber,28(5), pp.49-51. Cvenkel,N.,2019.Workers'Voice,HRMPractice,&LeadershipinthePublicSector: Multidimensional Well-being at Work. Routledge. Dayan, M., 2021. The impact of Brexit on health is only just beginning.bmj,375. Duda-Mikulin, E.A., 2019.EU migrant workers, Brexit &precarity: Polish women's perspectives from inside the UK. Policy Press. Duncan,M.,2021.TheimplicationsofBrexitforhospitalityintheBritishOverseas Territories.British Journal of HospitalityManagement,27(3), pp.76-85. Dwertmann, D.J. &Kunze, F., 2021. More than meets the eye: The role of immigration background for social identity effects.Journal of Management,47(8), pp.2074-2104. Filimonau, V. &Mika, M., 2019. Return labour migration: an exploratory study of Polish migrant workers from the UK hospitality industry.Current Issues in Tourism,22(3), pp.357-378. Simionescu, M., 2018. The impact of Brexit on the UK inwards FDI.Economics, management &sustainability,3(1), pp.6-20. Zhang, X., 2018. The impact of financial, macroeconomic &non-economic factors on the hospitality industry in Spain &the UK. Online
Jonas Prising , 6 ways businesses can cope with Brexit, 2016 [Online] Available Through < https://www.weforum.org/agenda/2016/07/brexit-time-for-plan-b/> Whitney James ,The impact of Brexit on the hospitality sector; what’s the post-Brexit outlook?, 2021 [online] Available Through <https://stint.co/learning-hub/the-impact-of-brexit-on-the-hospitality-sector/ #:~:text=The%20short-term%20impact%20of,a%20quarter%20of%20its%20workforce.>