Critical Issues in the Business Management

Critical Issues in
Business
Management

Table of Contents
INTRODUCTION...........................................................................................................................1
1. The major trends in Trade of goods as services between common wealth countries.............1
TASK 2............................................................................................................................................4
2. Impact of Brexit on trade and investment within finance sector in UK..................................4
TASK 3............................................................................................................................................5
3. Evaluating the possible challenges as well as opportunities of multinational enterprise in
financial sectors on pro Brexit....................................................................................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
The major issues that are faced by organisations are incorporating technology, production
as well as lowering trading costs that discharge the geographical barriers to economic activity.
Globalisation is the major issue as there are various aspects revolving around it. Internalisations
is referred to as widening, deepening as well as speeding up of worldwide interconnection in all
aspects of organisation sustainability. The global economy has affected the ability of enterprise
to market products and services all over the world. Enterprise that operates their business
globally are referred to as Multinational corporations. In competitive environment there are
many majors various variables in business environment that have great impact on the company
operating internationally. For instance Brexit has great effect on the great effect on the
profitability and growth of various firms operating in EU and UK. These factors have
consequences on the trade of goods and services.
The study has focus on analysing the major trends in trade of goods and services. It also
includes the identifying the impact of Brexit on trade as well as investment within finance sector.
Project will also evaluate the possible challenges as well as opportunities in multinational
company in finance sector.
TASK 1
1. Trends in Trade of goods as services between common wealth countries
Q1: You have made some improvements and commonwealth countries overview
evidenced in your analysis however Further improvements are required as outlined
below:
It would be beneficial to analyse the impact of digital globalization on these trends
(McKinsey), given that 30 Commonwealth's countries are Small States (e.g.
Jamaica, Kenya, Fiji and Malta) and the digitization has opened the door for
emerging economies and small businesses to participate directly in globalization or
trade of good and services. Additionally, to analyse the significance of Emerging
Africa in this context. On another note to discuss the urbanisation and its impact on
trade trends in commonwealth countries.
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Urban can be referred to as cities, towns, villages or localities. The urbanisation has great
impact on the growth and development of Common wealth countries. No common wealth
countries can generate higher income or foster rapid growth without substantial support of
urbanisation. There is direct relationship between urbanisation and per capita income. It helps
country in improving agricultural productivity and rural livelihood. Enhancing agricultural
income is very significant for reducing poverty.
There are 52 countries that are the part of common wealth. Some world largest, smallest,
richest as well as poorest countries are Africa, Asia, Europe, America, and Pacific. Common
wealth consists of 31 members that are classified as smallest states. These smalls state have
population size of approx. 1.4 million people. These countries bring together the values as well
as aspirations which unite commonwealth (Hudson, 2017)
In present Era of changing economic conditions and certainty have great impact on the
trade and economic pattern. It has unprecedented created threat to peace and security. This
factors have lead to surge in demand for democracy, human rights and economic opportunities
and increasing requirement of Commonwealth. It has acted has compelling force for excellent as
well as effective network for cooperating as well as for promoting development. Common
Wealth is referred to as Voluntary associations that consists of sovereign and independent states.
All states are accountable for its own policies, consulting as well as contributing towards the
serving the common interest of people and ion promoting global peace as well as understanding.
It has great influence on the society, as it get various benefit from the pursuit of shared values
and principles.
The strength of common Wealth is that it includes combination of diversity as well as
inheritance, culture and rule of law. The objective of common wealth is that it is more concerned
with consultation as well as sharing of experience by practical cooperation and coordination.
Common wealth intends to serve as model and catalyst in order to support developing states in
forming friendship and developing of cooperation spirit. Role of Common Wealth is considered
as intergovernmental champion of small states. The Function of common wealth is to identify the
needs of member states, assisting them by providing them policies as well as advising on issues
related to political, social, economic development and delivering technical assistance. There are
various legal bodies such as government, parliament, civil societies and profession provide
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