The Anticipated Impacts of Brexit on SMEs: Project Proposal

THE ANTICIPATED IMPACTS OF BREXIT ON SMES, PROJECT PROPOSAL 1
THE ANTICIPATED IMPACTS OF BREXIT ON SMEs, PROJECT PROPOSAL
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THE ANTICIPATED IMPACTS OF BREXIT ON SMES, PROJECT PROPOSAL 2
Executive summary
This proposal sets the approach to be used in the research topic: Impacts of Brexit on SMEs. The
main areas which have been covered in this proposal include the general overview of the role of
European Union in the growth and performance of SMEs in the UK, the anticipated impacts
following the declaration of Britain to exit the trade union and lastly sets out the approach to be
used in the research. Because it’s a research just like any other and involves interaction with
people, the ethical issue which might come up during the course of the research has also been
taken care of.

THE ANTICIPATED IMPACTS OF BREXIT ON SMES, PROJECT PROPOSAL 3
Table of Contents
1.0 Introduction................................................................................................................................4
2.0 Research Background................................................................................................................5
3.0 Research Problems.....................................................................................................................7
4.0 Research Objectives...................................................................................................................8
5.0 Research Questions....................................................................................................................9
6.0 Literature Review......................................................................................................................9
7.0 Literature Gaps........................................................................................................................10
8.0 Research Methodology............................................................................................................11
9.0 Research Design and Approach...............................................................................................12
9.1 Data Collection....................................................................................................................12
9.2 Data Analysis.......................................................................................................................12
10.0 Ethical Consideration.............................................................................................................12
11.0 References..............................................................................................................................13

THE ANTICIPATED IMPACTS OF BREXIT ON SMES, PROJECT PROPOSAL 4
1.0 Introduction
The current trends in the global market have forced business organizations to diversify
their market approaches for survival purposes and adopt necessary changes to enable them to
survive the high competition facilitated by the large and well-established organizations (Keeble
and Wilkinson, 2017). The most affected sector in this scenario has been the SME sector which
naturally faces limitations in regard to resource availability. Some of the changes which have
been adopted by this sector include but not limited to inter-company cooperation and
networking. These two approaches have enabled SMEs to compete favorably with established
organizations which can afford to finance innovations and quality adverts. Today, all the sectors
have however been impacted by the evolution of networking relationships in and between firms.
However, majority of studies which have been carried out focus on enlightening SMEs
on the importance of networking on their performance and non has dared to focus beyond the
mark to brief those enterprises on the way to go in case networking approach hits the wall as it
has been observed currently in the Brexit case where the European Union network, which has
been heavily relied on by the SMEs has begun to deteriorate following the forthcoming
announcement of UK to exit the union (Shneor, Jenssen and Vissak, 2016, p.135). This paper has
taken the initiative of enlightening SMEs on the way the way to go whenever networking
backfires. Mainly, the research will be concerned about big data technology as an alternative to
networking and ensuring that SMEs performance and growth is maintained despite the normal
challenges faced in regard to networking.