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UK's Brexit - Effects On Small & Large Business Report

   

Added on  2020-01-28

10 Pages3183 Words39 Views
Political Science
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CRITICAL ISSUES IN BUSINESSMANAGEMENT1
UK's Brexit - Effects On Small & Large Business Report_1

Table of ContentsINTRODUCTION................................................................................................................................3TASK 1.................................................................................................................................................31. Analyse the causes of UK's Brexit decision.................................................................................32. Evaluate the effects of Brexit on business...................................................................................43. Strategic crisis management theory for surviving in business.....................................................54. Discuss the leadership challenges in case of change in business environment...........................7CONCLUSION....................................................................................................................................8References............................................................................................................................................92
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INTRODUCTIONBusiness management and their critical issues directly affects the business performance andthe growth rate of the firm. In the business management, critical issues states that shortage of skilledworkforces, the problem is related organizations functions, globalisation, activity overload, demandof the customers, supply chain customers, pressure of reducing the operation cost and product cost,shifting of the service providers or more. These type of issues directly affects the performance ofthe organization as well as the growth rate. This following report states that, the effects of Brexit onthe small and large business as well as identify the main cause of the UK's Brexit decision.Furthermore, this report includes the strategic crisis of the management theory and the effects ofthis theory on the business. In addition to this, it will discuss the challenges of leadership which isfaced by the senior management of the business management. Brexit is a major change andchallenge in the business environment and affect the business performance as well. In this particularcase of the Brexit, Entire business and growth of small and large enterprise affected by the rules andregulations of the European union as well as abide by them.TASK 11. Analyse the causes of UK's Brexit decisionThere are several reasons in case of why UK leaves European union and their all policiesrules and regulations. UK's Brexit decision based on the various reasons but the main 3 reasons thatforced UK to take that step are; Economic condition, sovereignty, Political elitism. These are themajor factor why UK takes the Brexit decision. British voted for leave the European union andmove from their policies and rules and regulations. Brief discussion about these factors is givenbelow:Economics: Economy is the main factor that directly affect the business of each and everyorganization. In this particular case, British people felt that European union(EU) fails toaddress all the economical issues and not able to provide best solutions for these particularissue. The main effect of the economical condition is on unemployment in several states ofBritain. Before the Brexit, UK's economy was pretty well and their GDP growth is alsostrongest among all the major countries like Europe, US and more. Unemployment rate isalso under control by UK's economy standards and maintain the rate of unemployment.After this UK takes the decision to leave the EU, so there are several possible reasons like;Inequality, stagnant earnings, In-work poverty, disastrous anger vote or more.Sovereignty: It is the major reason for Brexit and it is rise from nationalism across the3
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