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 Your task in this blog is to conduct independent research that will require you to: 1. Choose a real 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. Understanding the key words In this blog, you are asked to think and write in specific ways as a MBA student. Below are some short explanations about these key words: Identify – a real business in a particular industry, and explain you reasons for choosing this business. Use theories and models learnt in this module to critically evaluate the impact Brexit is having on this business.
Develop – based on your change management research, explain the root of the identified problem caused by Brexit, providing arguments how the organisation would benefit from overcoming the problem by implementing change. Design – discuss the actions you suggest to overcome the problem and what role leaders can play in overcoming resistance to change. Define – communicate your learning outcomes for change management, making sure that these are founded on the learning experience and action plan (solution) you delivered. Reviewing your work After you have written your blog, read it all the way to the end to check that you have: Made reference to change management theories studied in this module. Used a problem of a real organisation to highlight the impact effective change management can have on overcoming challenges caused by real events such as Brexit. Identified learning outcomes for what you learned about change management theories and models to produce better results. Used in-text citations throughout your blog to show where your knowledge of change management comes from. Actively engaged with your followers on the WordPress blog. Taken screen shots of the conversations and inserted it in the final word document which you will submit on Moodle. What you must NOT do. Do not simply gather together a series of quotes from published authors in the hope that this presents your views. Remember Socrates words of wisdom: To believe without evidence and demonstration is an act of ignorance and folly