Critical Issues in Business Management: Trade, Brexit, and Multinational Enterprises

Critical issues in Business Management
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Table of Contents
Introduction................................................................................................................................2
1) What are the key trends in trade of goods and services between common wealth countries?
....................................................................................................................................................2
2) Assessment of the impact of Brexit on trade and investment within the finance sector in the
UK..............................................................................................................................................7
3) Critically evaluate the possible challenges and opportunities of a multinational enterprise
(MNE) in the finance sector on post Brexit within the context of a changing globe trade
landscape..................................................................................................................................10
Conclusion................................................................................................................................13
Recommendations....................................................................................................................13
Reference List..........................................................................................................................14
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Introduction
The Commonwealth refers to the association of 53 independent states incorporating small and
large, developing as well as developed, island and landlocked economies. The
Commonwealth Secretariat is the primary intergovernmental body that works in accordance
with the member governments to take decisions on the prioritized issues agreed upon by
Commonwealth Heads of Government and supports the consensus building internationally.
The association provides advisory as well as technical support to the members and aid the
governments attain an all-inclusive and persistent growth and development. The secretariat’s
working periphery also includes areas like human rights, democracy and socio-economic
development.
In this context, the discussion on the key trends in trades of goods and services between the
Commonwealth Countries has come in the forefront. UK being a part of the Commonwealth
association, portrays its profound impact on the decision making process of the association.
To execute a healthy and sustainable trading pattern it is necessary to keep in mind the
various innovations occurring in the trading sector and also to consider the unfathomable
contribution of the socio-political scenario of UK.
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1) What are the key trends in trade of goods and services between common wealth
countries?
To understand the intrinsic nature of the trade one must understand the meaning of the term
VUCA. The term is used to understand the volatility, uncertainty, complexity, ambiguity of
any general condition (Cockburn and Smith, 2016). The economic condition Of UK
especially after the Brexit has been in the biggest turmoil. The country is living in the most
precarious times and this is thoroughly marked by VUCA within a financial market.
 With the advent of Brexit, there is a high rate of alterations in the nature, speed and
the volume of the UK trade that has no predictable pattern.( Dhingra and Sampson,
2016).
 The events in the past cannot predict the future trading patterns. The uncertainty is
making the decision making and forecasting of the events critical.
 With the current socio-political scenario, there are multiple factors that are complex
with varied layers impacting the trades.
 With UK leaving the EU Refendrum, the situation has become so ambiguous that the
trading patterns have also been made thoroughly confusing and has invited a lack of
clarity (Dhingra et al, 2016).
Figure: VUCA
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