Analyzing Brexit's Effects on the Construction Industry: A Report

This report examines the impact of Brexit on the construction industry, focusing on a case study of Topuzi Steel Fixer Ltd. The introduction outlines the business context and the importance of understanding customer needs in the construction sector, highlighting the role of research in analyzing market changes. The research aims to identify the impact of Brexit on construction performance, with objectives including determining the Brexit framework, identifying its impact on Topuzi, and exploring strategies to overcome these effects. The research employs a mixed-method approach using a case study strategy and a positivism philosophy, analyzing the challenges of Brexit, including changing regulations and legislations. The methodology section details the research philosophy, approach, strategy, and data collection methods. The conclusion summarizes the key findings, emphasizing the challenges faced by the construction industry due to Brexit, and suggests the need for strategic planning and international practices to mitigate negative impacts.

Research management

Table of Contents
Table of Contents.............................................................................................................................2
INTRODUCTION...........................................................................................................................1
Research Aims and Objectives........................................................................................................1
Research Rationale..........................................................................................................................2
RESEARCH METHODOLOGY....................................................................................................3
CONCLUSION................................................................................................................................4
REFERENCE..................................................................................................................................5

INTRODUCTION
There are several types of businesses that are run by employers by providing better design of
products and services, which aids in the development of organisational productivity. The
construction industry is defined as varied industry that involves activities ranging from mining,
quarrying, and forestry to the construction of infrastructure and building, the manufacture and
supply of products, as well as operations, maintenance, renovation and disposal. It is critical for
each firm to comprehend the needs of its customers and to provide products and services that
will aid in the development of organisational productivity (Malik, Adekoya, Ajonbadi, and
Jimoh, 2019). Brexit refers to the United Kingdom's exit from the European Union on January
31, 2020, at 23:00 GMT. The United Kingdom is the only sovereign country that has left the
European Union. The Brexit is the situation that has risen within UK and Europe that directly
affected the construction industry. To understand about impact of Brexit in construction industry
Topuzi Steel Fixer Ltd, has been taken that is large size organization of UK founded in 2019, but
with a background of over five years of experience in steel reinforcement and provides the
premium service to all our customers. The managers should have proper information and
knowledge regarding market changes that affected the business. The report covers research aim,
objectives, questions, literature review, rationale, methodology, data collection and analysis that
develop understanding and knowledge effectively.
Research Aims and Objectives
Research Aim – “To identify the impact of Brexit on the performance of construction industry”.
A case study of Topuzi Steel Fixer Ltd.
Research Objectives:
 To determine the framework of Brexit.
 To identify the impact of Brexit on the performance of Topuzi Steel Fixer Ltd.
 To determine the different ways that could be used by Topuzi Steel Fixer Ltd to overcome
the impact of Brexit.
Research questions
 What is the framework of Brexit.
 What are the impacts of Brexit on the performance of Topuzi Steel Fixer Ltd.
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 What are the different ways that could be used by Topuzi Steel Fixer Ltd to overcome the
impact of Brexit.
Research Rationale
The reason of conducting research is to develop knowledge and understanding about impact
of Brexit that is the situation in which UK and European have withdrawn. The researcher is
having major role in business organization as it analysis the environment and comes to know
how Brexit have affected the business in changing environment and could be control by applying
strategies and planning. In relation to current research, researcher will develop their personal and
professional knowledge. The personal knowledge such as marketing, environment analysis,
interpersonal, and communication skills that have been developed by conducting research
properly. The professional knowledge such as impact of Brexit on construction industry that
supported to develop knowledge and skills effectively (Brooks, Scott, Spillane, and Hayward,
2020).
LITERATURE REVIEW
To determine the framework of Brexit.
As per opinion of (Charlson, 2020), Brexit was the serious situation occurred between
European country and UK. This was a kind of trade war which was arisen between EU and UK
that created the issues in running business in vice versa country. In other words, In conformity
with its own constitutional criteria, each Member State may elect to leave the Union. It is critical
for each country to analyse its environment and determine how each business will be carried out
by controlling all functions and operations in other countries. Due to Brexit, businesses who are
established in UK and European country have withdrawn their businesses as government has
changed the regulations and legislations that affected the business negatively.
To identify the impact of Brexit on the performance of Topuzi Steel Fixer Ltd.
As per view point of (Fuller, 2021), Brexit was the condition in which EU and UK have
withdrawn due to changing government regulations that have impacted negatively on
construction industry. Brexit is likely to restrict immigration from EEA countries to the UK,
causing challenges for higher education, academic research, and security in the United Kingdom.
Following Brexit, EU law and the European Court of Justice no longer have precedence over UK
laws and the Supreme Court. In relation to Topuzi Steel Fixer Ltd, Brexit impacted negatively on
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performance as government has declared the lockdown and closed the import, export and
transportation activities that have been affected the organizational productivity negatively. The
selling and transportation activities have been closed that has affected the business productivity
and profitability. The managers should have proper knowledge and skills which has been created
the issues while running business and affected the profits negatively. Brexit's impact on the
building industry in the United Kingdom The announcement of a trade deal between the United
Kingdom and the European Union, which will take effect on January 1, 2021, imposes no direct
charges on construction or construction products, but there are administrative burdens that will
drive up costs and stifle the UK construction industry's ability to function (Kumar, Darun, and
Aslam, 2019).
To determine the different ways that could be used by Topuzi Steel Fixer Ltd to overcome the
impact of Brexit.
As per view point of (Bougie, and Sekaran, 2019), Brexit is situation that has been
occurred in European country and UK due to which businesses has been affected. Each
organization wants to develop their business productivity and profitability. It has seen that there
are different ways which can be used by country to operate their business regularly and attain the
higher productivity. To reduce the negative impacts there is need to formulate regulations and
legislation which could help to maintain all functions and activities effectively. To follow
international practices could help to expand their business in other country which can help to
accomplish the business goals and supports to develop organizational productivity.
RESEARCH METHODOLOGY
Research philosophy – This states hypothesis of information that are uses to complete the
research. The researcher is requires to have proper information and data regarding topic that can
help to make right decision. In relation to current research, researcher will use positivism
philosophy (Busetto, Wick, and Gumbinger, 2020).
Research approach – This could be explained as methodology that has been adopted to
conduct research. This could be explained as set of principles which can be used by individual
for the purpose of developing their study. In relation to current research, deductive approach will
use by researcher to complete their study.
Research strategy – The planning to research involves experiment, case study, interview,
and questionnaire that can help to develop understanding and activities. For managing all
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functions and activities there is need to have effective plans and strategies which could be used
to bring changes in existing performance. In relation to current research, case study will be used
by researcher that supports to complete research (McGrattan, and Waddle, 2020).
Choices of method – It has seen that are many option for conducting research by selecting
appropriate method as it supports to develop understanding and knowledge effectively. This
involve mono, mixed, and multi method to conduct research properly. In relation to current
research, researcher will use mixed method to collect information.
Time horizon –This could be explained as time framework which is used by individual for
complete their study and maintain higher productivity. This involves cross sectional and
longitudinal horizon. The researcher will use cross sectional horizon that complete research
(Gornig, Michelsen, and Pagenhardt, 2021).
Data collection and analysis – This could be explained as technique and tool which are
used by individual for the purpose of gathering data and manage all functions. It is important for
each researcher to analysis the market and comes to know what kind of services should be
introduced to their customers by following government regulations due to Brexit. This involves
quantitative and qualitative techniques to conduct the research properly. The researcher will use
quantitative technique to gather information and primary resource would help to manage all data
and information effectively.
Intended research outcomes – From the above it has been intended that by following
international policies, and mutual understand issue of Brexit could be overcome that could help
to develop the construction industry in changing environment and helps to accomplish business
goals (Hennink, Hutter, and Bailey, 2020).
CONCLUSION
From the report it can be concluded that Brexit is the serious issues as like trade war
between UK and European country that have been affected the construction industry. Research
methodology refers to method which used by researcher to conduct research regarding impact of
Brexit on performance of construction industry. This could be challenging for organization to
follow different policies and regulations as it affect the selling and transportation activities.
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REFERENCE
Books and journal
Malik, A., Adekoya, O. D., Ajonbadi, H. A. and Jimoh, I., 2019. Investigating the potential
economic impact of Brexit decisions on business performance in the United Kingdom: A
case study of the UK construction industry. International journal of management,
accounting and economics, 6(4), pp.347-367.
Brooks, T., Scott, L., Spillane, J. P. and Hayward, K., 2020. Irish construction cross border trade
and Brexit: Practitioner perceptions on the periphery of Europe. Construction
Management and Economics, 38(1), pp.71-90.
Charlson, J., 2020. Briefing: Brexit and UK construction law: past, present and
future. Proceedings of the Institution of Civil Engineers-Management, Procurement and
Law, 174(1), pp.3-6.
Kumar, S., Darun, M. R. and Aslam, M., 2019. Impact of Brexit on Construction Stocks listed on
Bursa Malaysia. KnE Social Sciences, pp.176-188.
Fuller, C., 2021. Brexit and the discursive construction of the corporation. Journal of Economic
Geography, 21(2), pp.317-338.
McGrattan, E.R. and Waddle, A., 2020. The impact of Brexit on foreign investment and
production. American Economic Journal: Macroeconomics, 12(1), pp.76-103.
Gornig, M., Michelsen, C. and Pagenhardt, L., 2021. German construction industry remains on
its path of growth during the coronavirus recession. DIW Weekly Report, 11(1/2), pp.3-
13.
Hennink, M., Hutter, I. and Bailey, A., 2020. Qualitative research methods. Sage.
Busetto, L., Wick, W. and Gumbinger, C., 2020. How to use and assess qualitative research
methods. Neurological Research and practice, 2(1), pp.1-10.
Bougie, R. and Sekaran, U., 2019. Research methods for business: A skill building approach.
John Wiley & Sons.
(Malik, Adekoya, Ajonbadi, and Jimoh, 2019) (Brooks, Scott, Spillane, and Hayward, 2020)
(Charlson, 2020) (Kumar, Darun, and Aslam, 2019) (Fuller, 2021) (McGrattan, and Waddle,
2020) (Gornig, Michelsen, and Pagenhardt, 2021) (Hennink, Hutter, and Bailey, 2020) (Busetto,
Wick, and Gumbinger, 2020) (Bougie, and Sekaran, 2019)
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