Impact of Brexit on Globalisation and Business

The assignment discusses the impact of Brexit on globalisation and business, highlighting changes in employment rates, small business enterprises, and international trade. It also touches on the role of globalisation in shaping business landscapes and the importance of adapting to changing market conditions.

ENGLISH
SKILL

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Fact Overview.............................................................................................................................3
Opinion........................................................................................................................................3
Reasoned Outcome......................................................................................................................4
TASK 2............................................................................................................................................4
Analysis of audio visual medium on adverse effective of social media.....................................4
TASK 3............................................................................................................................................5
Business case...............................................................................................................................5
Influencing relationship-.............................................................................................................5
Argument.....................................................................................................................................6
TASK 4............................................................................................................................................6
Work-based Issues and resolution...............................................................................................6
Arguments:..................................................................................................................................7
CONCLUSION................................................................................................................................8

INTRODUCTION
Academic English is related with communicating interlink amongst thoughts and
feelings. The dialect is albeit more mind boggling, where a decent scholastic author dependably
feature their concentration over straightforward, exact and more rational dialect as could be
expected under the circumstances. As Academic English, unmistakable from ordinary English, is
frequently more formal and streamline propelled vocabulary. The report depends on assessment
and correspondence of aptitudes in respect of utilizing it in business. The venture will take after
various stages, for example, investigation of case, assessment of abilities, distinguishing proof of
various sorts and understanding the group dynamic alongside bunches correspondence for
improvement reason
TASK 1
Fact Overview
On the basis of the article on the globalisation and economic growth it has assessed that
there is a significant effect of economic globalisation on the economic growth in the countries.
Due to the increasing scale of globalisation in the world, there are several positive and negative
effects upon the countries as well as citizens. Economic globalisation includes flows of goods
and services across borders, international capital flows, reduction in the tariff and trade barriers,
immigration and the spread of technology and knowledge beyond borders. Due to increasing the
globalisation the world of business is significantly changed as previous one. In the business
world, the organisation which is entered in the global business must have to analyse the business
environment and its several associated factors that can affect the business operation at global
level. There are several elements such as political, social, economical, technological, legal etc
affect the business operation at global level thus it is very important for company to assess the
impact of these factors on the business so as negative impact on the business can easily
overcome.
Opinion
On the basis of research and collected information from primary and secondary source it
has been analysed that globalisation have great influence on the economic growth and
development in the country. On the basis of collected data it has been found that majority of
people said that globalisation have great impact on the economic growth. However, at the time of
enter into the other country, it is very important for company top focus on the several factors that

can affect the business organisation's activities at international level like technological, legal,
social, cultural, economical etc. Due to these all factors company have to develop effective
policies and practices of business. The growth of economy is continuously improved with help of
globalisation. With help of globalisation, employment rate is also increased in the country.
Education sector and employment sector has been positively improved due to the globalisation.
Reasoned Outcome
Globalization is vital approaches to win greatest benefit by exchanging different nations. The
said idea is identified with the exercises of trading merchandise and ventures among different
nations. The benefit of global exchange incorporates more noteworthy usage of assets and
bringing in items that can't be delivered locally and expanding the assortment of decision to
clients. With help of global exchange, partnership can improve its deals and benefit by managing
outside clients and their cash Company can exploit exchange innovation and keep up the cost
aggressiveness in the residential market. The most vital advantage to firm that procure most
elevated worldwide piece of the pie and lessen reliance on existing business sector
TASK 2
Analysis of audio visual medium on adverse effective of social media
On the basis of Tedtalk presentation, it has been found that social media plays a very
crucial role in the present time by which business world is completely changed as previous one.
Entire activities of the business as well as normal individual is completely changed with help of
social media. In the business world, it is become easy to conduct the business and communicate
with customers regarding the product and services. Computerized advertising is wide
perspectives which mirrors an arrangement of promoting exercises. In this way, organization
lead showcasing exercises for item and administrations by utilization of other advanced medium
like cell phones and show adversing and so on. Web based life is the exceptionally mainstream
and most valuable stage in the present time in light of the fact that each one can without much of
a stretch interface and offer the data by this stage. In this way, different channels are incorporates
like Facebook, instagram, twitter and so on. With the assistance of this stage, organization can
draw in the vast number of client on the grounds that the ubiquity of this medium has expanded
in the present time. By utilization of this instrument partnership can build the ubiquity of brand
and create solid brand picture in the market. The real advantage of this medium is that
organization can straightforwardly get contact with the client and get input or audit of them in

regards to item and administrations. It is a medium through which association can keep up sound
association with clients for long time.
On the basis of Ted talk presentation on the diverse impact of social media it has been
analysed that social media helps to business in conducting it activities in easier and effective
ways by which company is more profitable and productive.
TASK 3
Business case
While this brexit occurred inside the nation then new PM reported. Major, Brexit impact the
monetary and social factor inside the nation. Because of this effect, the majority of the business
substance has been impacted in huge way .Brexit alludes to the planned withdrawal of the
assembled kingdom from the European Union. On the 23 June 2016 Thursday taken the choice
of leaving UK from the European association. In this method, England voted in favor of Brexit
by 53.4% to 46.6 %. As indicated by the insights, the UK joblessness rate is probably going to
increment to 6.5% because of subsidence. In the 2015 walk, the yearly net relocation from
Europe has dramatically increased since 2012 (Kreindler, Gilbert and Zimbron, 2016).In the
setting of economy, rate of work and work advertise has been influenced in expansive way
because of this Brexit. The majority of the vagrants searching for the activity so rate of work has
been expanded. After brexit, loan costs has sliced to the most reduced level. In excess of 10000
back employments has moved far from the Britain. Migration from the EU is right now boosting
the workforce by surmised 0.5% multi year. The exchange and assembling exercises inside the
EU has been likewise expanded because of this Brexit happening.
Influencing relationship-
After Brexit, private venture endeavor has been likewise upgraded in light of the fact that
rate of work has increment. Because of increment number of private company venture, monetary
state of the nation has been upgraded. On another significant effect available is identified with
the request and supply of item and administrations (Ferraro, 2016). The request of item and
administrations of client has been change on the grounds that their decision, inclinations, taste,
training, expectation for everyday comforts has been additionally changed. Because of this
Brexit circumstance in the nation, individual have chance to improve their identity and polished

methodology since they have chance to do work on the grounds that there has upgraded the rate
of work inside the nation.
Due to the Brexit in the UK, employment opportunity and numbers of small business enterprise
has been significantly increased within the country.
Argument
Through Employment arrangement government assumes an extraordinary part in lessen
joblessness so the UK Business has a chance to make occupations and focused in global market ,
individuals simple to land position in their fields , offering individuals the chance of creating
preparing and supported work programs (Crabb, 2016). In the event that European association
worldwide approach causes a UK Business to exchange crosswise over guests it encourages a
business to extend all around and increment piece of the overall industry , cost decrease , better
nature of merchandise convey to its clients and give advantages and fulfillment , create deals and
benefit by fare and import crosswise over visitors.
TASK 4
Work-based Issues and resolution
An authoritative work environment need to manage various issues and issue that can
prompt basic pressure source to numerous conditions. This is very mind boggling to deal with
every individual's desires and identities flawlessly together with no further issues. Numerous
issues can be risen in an organization related, for example, relational clashes, tormenting,
separation, execution issues, less inspiration and fulfilment with employment and
correspondence issues and so forth these distinctions can prompt more potential working
environment issues and can fundamentally direct to workforce strain of worry about the
individuals who are locked in with such practices
Company related issue: In the Marks and Spencer organisation, the major issue identified
is related to employees dissatisfaction and high level of workload among workforce. There is
improper management and leadership due to which work is not effectively managed and
employees got frustrated at workplace (MacDonald, 2016). In addition to this, another major
issue is related to discrimination among employees and harassment issue with women
employees. For overcome these all issue, Marks and Spencer is going to launch the new strategy

which will help to overcome these all issue and manage effective management as well as
diversity. Following are some strategy that will implement in the 2020-
 Company will create the diversity strategy by which harassment and discrimination
related issue can easily overcome. Company will organise program and activity regarding
diversity management so as every one can ware about it and develop policy related to
discrimination so s this issue can overcome from company. Organisation will develop practice and policies to manage the high workload situation
easily. In addition to this, company will provide monetary and non monetary rewards to
its employees through which they can motivate and encourage for higher performance
and productivity.
Arguments:
As per the above discussion it has been analysed that with help of diversity management
program, policies and effective practices to manage workload situation, several issues within the
Marks and Spencer can overcome. In addition to this with help of monetary and non monetary
reward system, management can motivate and encourage employees in effective manner. These
systems is more viable as this help work environment assorted variety advancing unmistakable
societies and worker that are rendered to the association (Núñez Ferrer and Rinaldi, 2016). These
systems is viable and adequate for Marks and Spencer as this convey various merits, for
example, better work environment, more proficiency of tasks, better profitability, successful
workplace and effective correspondence among the work space of association. Be that as it may,
among various favorable circumstances of this methodology, distinctive downsides of this
arrangement can ruin the normal result. Hence, this can avow from the above talked about idea
this is fundamental to basically assess distinctive parts of any methodology or utilized
methodologies as this can either can underline the result or control the development of
association
Setting the Goals: Various objective and aim are required to identified by Marks and Spencer.
Following are some objective and goal of the Marks and Spencer-
 To develop effective practices and policies regarding working and business activities' so
as every goal can effectively address and every one can effectively carry out their work at
workplace.

 To increase 25% profitability and market share every year and become the number one
retail outlet in the world. To overcome the issue regarding employees dissatisfaction, harassment, discrimination
etc. In addition to this, overcome the employees turn over rate in every year.
Critical self analysis: Being a manager in the Marks and Spencer, I have several roles and
responsibilities regarding to manage the work at workplace and achieve determined objective in
effective and efficient manner. For address the organisational objective, I needed to improve my
personality and professionalism so as I can perform in excellent manner at workplace. By self
assessment and analysis I can understand my some strength, weakness, opportunities and threats-
Strength- I have effective decision making trait that helps me in taking effective decision
regarding business at workplace. In addition to this, with help of excellent interaction and
communication skill I can easily interact with customer and subordinates in excellent manner.
Weakness- My major weakness is time management skill as I am unable to handle the large
numbers of task at a single time. Furthermore, I have poor marketing knowledge and idea
regrading the working within company.
Opportunity- I have opportunity to become the manager in the international organisation and
perform in excellent manner. With help of social media and other platform of social media I can
easily make easily the work of marketing within Marks and Spencer.
Threat- Due to changing technologies and innovation there are several changes occurred within
the marketing activities. Cope up with changes in the marketing environment and activities is
major threat for me.
CONCLUSION
From the entire report it has been concluded that globalisation have great role in the
growth of nation and economy. Economic globalisation includes flows of goods and services
across borders, international capital flows, reduction in the tariff and trade barriers, immigration
and the spread of technology and knowledge beyond borders. Due to increasing the globalisation
the world of business is significantly changed as previous one. It has been also concluded that
Brexit helps in increasing the rate of employment and educational sector within the country.
Small business enterprises rate is continuously increased within the country after Brexit.

REFERENCES
Journal &Books
Kreindler, R., Gilbert, P. and Zimbron, R., 2016. Impact of Brexit on UK Competition Litigation
and Arbitration. Journal of International Arbitration.33(4). pp.521-540.
Ferraro, S., 2016. The Brexit's Impact on the World Economy.
Crabb, A., 2016. Wine export: Impact of the'Brexit'on Australian wine exports.Wine &
Viticulture Journal. 31(3). pp.73.
MacDonald, S., 2016. The impact of Brexit on the UK’s reputation, influence and soft
power. Cultural Trends. 25(4). pp.280-286.
Núñez Ferrer, J. and Rinaldi, D., 2016. The Impact of Brexit on the EU Budget: A non-
catastrophic event. CEPS Policy Brief No. 347. September 2016.
Floridi, L., 2016. Technology and Democracy: Three Lessons from Brexit.Philosophy &
Technology. 29(3). pp.189-193.