Assignment : Critical Issues in Business Management
Added on 2020-07-22
12 Pages3844 Words112 Views
FinanceLeadership ManagementPolitical Science
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Critical Issues in BusinessManagement
Table of ContentsINTRODUCTION...........................................................................................................................1TASK...............................................................................................................................................11 Implications of key trends of goods and services between Commonwealth countries............12 Implication of Brexit on trade and investment within the finance sector in UK ....................33 Critically evaluation of possible challenges and opportunities of a multinational enterprisein relation to changing global trade landscape ...........................................................................5CONCLUSION................................................................................................................................1REFRENCES...................................................................................................................................2
INTRODUCTIONThe phase of post Brexit were very important for countries as they were developingtrading relations with other countries all around the globe. This is the most valuable factor foreconomy in present era to earn high growth and profitability from their trading operations. AfterBrexit, the era was most important for individual as it results in giving shapes to all their policiesand the trading policy were also largely growing in the domestic market areas and there washigher loss to autonomy and sovereignty of public (Budhwar and Debrah, 2013). There werechanges in the economic conditions thus trading operations were carried out effectively amongdifferent nations. The report is based on post Brexit time and the changes in global landscape inthe globalised world. This is the most important factor for economy as it results in growth anddevelopment of the economy.TASK1 Implications of key trends of goods and services between Commonwealth countriesThe concept which is linked with connection between common wealth countries is verymuch effective and its importance is growing in economy that ultimately leads to growth anddevelopment of the overall economy. According to the indexes, ratios which were taken outreveal that goods that were exported from one country to another are more than billions and thus,there was great exchange of goods and services (Patterson, and et. al., 2015). After the era ofpost Brexit, there was constant growth of nations as countries who were involved incommonwealth were giving values to one another. The common wealth trading betweendifferent countries was beneficial for all the member nations as there was growth anddevelopment in economy. Therefore, a large number of resources were available by whichpeople can easily explore their business operations all over the globe. According to the indexesand graphs, data which was collected reveals that their was low trading among all the membernations before the period of post Brexit and after post Brexit, sales were constantly increasingwhich gradually resulted in overall development of the economy (Eriksson, 2013). According tothe above graph, it states that in year 2013, there was high growth as trading was largely takingplace among different nations but after this in 2013, there was downfall in the trading business asthere was significant impact on all countries that were involved in commonwealth.1
The trading of services and goods among different nations was beneficial as it results inproviding employment opportunities for a large group of people because high resources wereavailable from the economy and people were given with opportunities so they can employedthemselves and earn the basic necessities of their life. As people were employed thus they wereearning money which was beneficiary for the growth and evolution of nations. The main aim ofall they commonwealth countries are linked with expanding their overall business operations sothat poor countries can easily carry out their trading operations thus it results in achieving growthfor overall nations. According to study of Cooper, (2017) it is analysed that there is execution of open system whichis useful in order to reduce poverty ratios from economy so that people can easily fulfil the basicnecessities of their life. As people are earning financial gains thus, the resources will also beutilised in an effectual way (Foss and Knudsen, 2013) . So, firms can easily achieve growth andsuccess in their overall business operations. The data has revealed that all the commonwealthcountries are not involving themselves in trading operations and thus, their GDP ratios are alsolower while comparing with other countries. According to the index ratios of Malaysia and Singapore, they are having the highestratios in exporting goods from one place to another and thus, these countries are having lowGDP rates. Malaysia is earning higher profits as they are involved in exporting and importinggoods from one location to another (Saraniemi and Kylänen, 2011). Therefore, the growth isachieved for overall economy. The neighbourhood countries which are Singapore and Malaysia2Illustration 1: Intra- common wealth trade in goods(Source: Intra- common wealth trade in goods, 2017)
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