Brexit and its Impact on Operational Management: A Media Analysis
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Added on  2023/06/14
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This report analyzes the impact of Brexit on operational management through a media analysis of supply chain, financial environment, and market access and trade. It covers the problem, causes, and solutions to develop effective output in an efficient way.
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Table of Contents INTRODUCTION..........................................................................................................................3 TASK...............................................................................................................................................3 Find a problem, an operational one that is reported in the media....................................................3 Find two media publication that deal with the issue........................................................................3 What is the problem?..................................................................................................................3 What causes the problem?...........................................................................................................4 What can be done to solve the problem?....................................................................................4 CONCLUSION...............................................................................................................................4 REFERENCES................................................................................................................................5
INTRODUCTION Operation management is the administration of the managerial exercises to develop high term of effectiveness in the management. It involves operational managerial issues likeBrexit and it will have an impact on the balance cost and net operating profit(Bradbury, 2021). The following report covers the problem, an operational one that is reported in the media. TASK Find a problem, an operational one that is reported in the mediaSupply chain –Due to Brexit, products and facilities will get affected by disruption to the flow of products.Financial environment –It will have an impact on exchange rates fluctuation, interest rates and potential shortage of monetary funds. Market access and trade –Operational management should determine what hinder their skills to sell products and facilities into the United Kingdom by having failure of access to trade agreement(Gorynia, Kania, and Mińska-Struzik, 2021). Find two media publication that deal with the issue In the vote of 23 June 2016, the United Kingdom voted to leave the European Union and on 31stJanuary 2020, its officially discontinue to be an EU Member state. One of the fundamental aim of UK media coverage related to immigration from Eastern European nations. What is the problem? BBC newscovers the criteria of Brexit borders problems that are required after Northern Ireland left the UK. The EU have strict food laws that need border check that particular products like bread, eggs will arrive from non-EU nations. The Guardiancover the current amount that demonstrate dramatic effects for a nation that are facing trouble to retrieve from the pandemic situation(MacRae, and et.al., 2021). In October 2021, trade in the European areas are increased at the time of pre- COVID by 4% although the UK holds lower level of supply.
What causes the problem? BBC newscovers the furthermore term of UK foreign policy. It is considerable for the economical analysis which demonstrate that due to Brexit the nation are facing lower living standards. The Guardianraise the manner of immigration that have become a highly politicise cause of Brexit in Britain(Martins, 2021). On the other hand, another cause for the high public discontentment relies on the labour government that are effectively for immigrants and it will develop distrust linked to migration. What can be done to solve the problem? BBC newsit covers that the government are managing their terms for facing reality of Brexit that happened back in January(McEwen, and Murphy, 2021). It can be sort by developing new trading relationship that can cause fundamental changes to economic system and boost up to the job opportunities, earning and as well as income. The Guardianpresents that UK trade had demonstrated signs of an effective recovery from the pandemic situation of COVID-19. CONCLUSION From the above mentioned report it has been concluded that, operation management is the procedure to balance turnover and cost to attain highest possible operating profit. It involves Brexit related problems, causes and as well as solutions that can develop effective output in an efficient way.
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REFERENCES Books and Journals Bradbury, J., 2021. Welsh Devolution and the Union: Reform Debates after Brexit.The Political Quarterly,92(1), pp.125-131. Gorynia, M., Kania, A. and Mińska-Struzik, E., 2021. The projected effects of Brexit on the EU and the UK 1. InBrexit and the Future of the European Union(pp. 25-49). Routledge. MacRae, C., and et.al., 2021. Brexit risk for UK manufacturing.Identifying and Managing Risk at Work: Emerging Issues in the Context of Globalisation, p.23. Martins, M., 2021. News media representation on EU immigration before Brexit: the ‘Euro- Ripper’case.Humanities and Social Sciences Communications,8(1), pp.1-8. McEwen, N. and Murphy, M.C., 2021. Brexit and the union: Territorial voice, exit and re-entry strategies in Scotland and Northern Ireland after EU exit.International Political Science Review, p.0192512121990543.