Blog 3 background context
On 29th March 2017, the UK officially triggered article 50 of the Lisbon Treaty, paving the ground for the UK’s plans to leave the European Union (‘Brexit’). The triggering of article 50 was historically ground-breaking, and it marked the beginning of a two-year period in which the politicians, businesses and the people of Britain have to prepare for a life after Brexit.
Brexit will undoubtedly have consequences for British businesses, and it is believed that London-based businesses will be most affected. These consequences might vary from industry to industry, however, many London-based businesses are currently questioning what the future holds for them in the UK.
Your task for this blog is to identify any kind of problem that you anticipate for London-based businesses in the wake of Brexit, and develop a solution for one of these problems.
Blog instructions (word count: 750)
Your task in this blog is to conduct independent research that will require you to:
1. Choose a real London-based business in an industry of your choice and identify a problem triggered by (the uncertainty of) Brexit and all potential consequences associated with Brexit for this business.
2. Develop a solution to the problem that clearly outlines the organisational, structural or strategic change that has to be undertaken by this business.
3. Design an action plan that you would recommend to this business.
4. Define your learning outcomes for change management based on your problem-solving experience.