{"id":37456,"date":"2022-04-02T00:02:45","date_gmt":"2022-04-02T00:02:45","guid":{"rendered":"https:\/\/essays.homeworkacetutors.com\/2022\/04\/impact-of-brexit-on-cross-cultural-management-practices\/"},"modified":"2022-04-02T00:02:45","modified_gmt":"2022-04-02T00:02:45","slug":"impact-of-brexit-on-cross-cultural-management-practices","status":"publish","type":"post","link":"https:\/\/www.colapapers.com\/us\/impact-of-brexit-on-cross-cultural-management-practices\/","title":{"rendered":"Impact of Brexit on Cross-Cultural Management Practices"},"content":{"rendered":"
\n

Critically analyse the long-term impact of Brexit for cross-cultural management
practices in Europe. Consider the impact and issues for businesses from both the
UK and other EU-partner perspectives.<\/strong> <\/p>\n

On 23rd<\/sup> of June
\n2016, United Kingdom (UK) had held Brexit referendum in desire of leaving European
\nUnion (EU) (Ford and Goodwin, 2017). The outcome of the referendum was 51.9% of
\nBritish citizens voted leave EU, whilst 48.1% had voted to remain within EU
\n(Hunt and Wheeler, 2017). The verdict of referendum to withdraw from the
\nmembership of EU, will have a huge impact to the country\u2019s cross cultural
\nrelationship with the prime trade partner EU. This assignment has been prepared
\nto critically analyse the long-term impacts of Brexit for cross-cultural
\nmanagement practices; the focus will be on the UK healthcare sector and how
\nthey will be enforced to cultural change, (Mundasad, 2017). Following
\nonto UK banking sector and finishing off with summary on the impact of UK
\nairline industry within EU.<\/p>\n

This essay will start off by an introduction regarding about the UK\u2019s healthcare sector which will be the main focus of the essay; following on with brief implications on the UK banking sector and Low cost Airline industry. Describing how the healthcare sector will be hugely impacted by losing highly trained staff after Brexit, as majority of the nurses and doctors come from the EU to join UK\u2019s healthcare sector. Furthermore this essay will analyse and identify the major impacts of cross culture management after Brexit. The main three effects of Brexit in the long run will be in regards to international staffing which includes: \u2018immigration\u2019,\u2018re-expatriation\u2019 and \u2018labour market\u2019. These three difficulties will be linked to the long term impacts of Brexit and on the global staffing issue, this will be backed up with models to interpret and recognise the disputes. <\/p>\n

The
\nword Brexit has been used throughout media and is a media terminology which has
\nbeen used to show the exit of UK from EU. \u2018Brexit\u2019 has been created by
\ncombining two of the initial words of Britain with the word exit (James, 2016).
\nThe main question that was brought up to British citizens for the referendum
\nwas: \u201cShould the United Kingdom remain a member of the European Union or leave
\nthe European Union?\u201d (Green, 2017).\u00a0 The
\nparliament gave the option for the public to decide whether it is best to leave
\nEU, knowing the fact that the general public had no knowledge on the long-term
\nimpacts of Brexit and how it will bring challenges for the upcoming
\ngenerations.\u00a0\u00a0 <\/p>\n

One
\nof the challenges for Brexit that will impact the health care sector is global
\nstaffing that will be \u2018immigration\u2019. Before Brexit, UK was part of the EU and
\nparticipated within the EU\u2019s policies in relation to free movement of people.
\nThis allowed the healthcare sector to recruit their employees from any country
\nwithin EU and permitted the citizens to move freely between EU and UK so they
\ncould work and live in their desired place. The latest statistics shows that
\nthe healthcare sector, has roughly around 55,000 recruits which come from EU
\ncountries (Fenton, 2016).\u00a0 Conversely, because
\nof the impact of Brexit there is a vulnerability that the privilege to freedom
\nof movement would still relate to the EU citizens (Rankin, 2016). Many of the
\nemployees who work within the healthcare sector are categorised as
\n\u2018third-country nationals\u2019 on their applications, these employees are mainly on
\na work visa in the UK.\u00a0 However, after
\nBrexit things will change and many of these \u2018third-country nationals\u2019 would be
\nhugely impacted than the EU citizens that work in UK (Barnard, 2017). Because
\nof this, the effects on global staffing of talent and ability planning within
\nthe healthcare sector occurs. Knowing that the implication of Brexit will lead
\nto immigration issues, causing staff shortage within different industries, the
\nhealthcare sector should look into this matter and decide on different
\nrecruitment procedures whether they should make or buy the skilled force. <\/p>\n

Altogether, for a short
\nperiod of time it will be best for the healthcare sector to make their talent
\nrather than buying. It is smarter for the healthcare sector to concentrate on
\nthe internal labour markets after Brexit, on the grounds that this will build
\nthe dedication of employees in the job they do and giving them greater security
\nso that they do not fear the consequences of Brexit. Since the matter of Brexit
\narose, the healthcare sector would in any case still want to keep their staff,
\nas majority of these are EU national staff and are usually doctors or nurses
\nthat are highly skilled and qualified to serve the people of UK. For the
\nhealthcare sector to avoid any negative consequences which will begin to impact
\nafter the negotiations and agreement of Brexit, they should prepare themselves
\nbeforehand in regards to handling the workforce and retaining employees. <\/p>\n

Another challenge of
\nBrexit that impacts the healthcare sector is \u2018flexible to labour market\u2019. The
\nmeaning of this is that the organisations have more freedom to hire and provide
\ncontracts to employees when the demands of work increases, and they have the
\npower to fire the workers when demand of work decreases. On the other hand,
\nhealthcare sector has been in stress many times because of shortage in staff to
\nfulfil the needs and providing service to the citizens of UK (Mundasad, 2017). Besides,
\nthe verdict of referendum could prompt to having a bigger number of issues than
\nbefore on recruiting workers in the healthcare sector as majority of these
\nworkers are doctors and nurses who are recruited from EU nations (Triggle,
\n2016). When non-EU nationals apply to work within UK, they have to follow the
\n\u2018points-based system\u2019 which causes difficulties in recruiting employees other
\nthan EU nationals (Landou, 2016). Once the Brexit is settled, there will be a
\nrisk off EU\u2019s freedom of movement to be removed and this could cause huge
\nimplications on the healthcare sector as this will put on boundaries on
\nrecruiting employees, therefore this will lead to a huge deficiency of workers.
\nThese implications will affect the capacity of the employees who bring the
\nright skills and abilities that is required by the healthcare sector.
\nTherefore, to beat this issue it will be best for the healthcare sector to send
\ntheir employees on an international project so they could develop on their
\nskills and knowledge. <\/p>\n

The final implication
\nafter Brexit for the healthcare sector is \u2018re-expatriation\u2019, where the
\norganisation will need to take to think through. The issues about freedom of
\nmovement as specified above, British residents who have decided to work and
\nlive in another country within Europe will fear their healthcare and right to
\nremain will vanish post-Brexit (Carroll, 2016). Furthermore, British expats who
\nwork abroad within the EU could face difficulties if the country they\u2019re at ask
\nthe expats to comply and act upon their prohibitive guidelines with regards to
\nlicenses, permits and setting up firms. Therefore, this could cause them in
\nlosing their right to work in EU countries and will need to gain a permitted
\nstay to continue staying within the EU area because of the new policy that may
\nbe applied after Brexit. Thus, the effects of global staffing within the
\nhealthcare sector will be influenced. Conversely, if all the UK expats that
\nlive and work within EU nations are to return back to the UK following the
\npost-Brexit, then it is conceivable that it will make it more difficult for new
\nexpats to look for some kind of employment within UK (Burton, 2016). <\/p>\n

Furthermore, the UK
\nexpats who work and live within the EU nations are entitled to free healthcare
\nservice but once Brexit is completed and agreed this will be affected and the
\nright for free healthcare could be taken away (Parfitt, 2016). Expatriates give
\na lot of benefits to the firms which incorporates more prominent parent control
\nand the right sets of aptitudes. It is believed that this is seen to provide
\ngreater prospects for personal and career development. With the post-Brexit,
\nthe expats are disturbed on playing out their parts and tasks bringing about
\nthe disappointment of expatriates. Precisely, re-expatriations will have
\ncomplications on adjusting themselves when they return to UK. For instance,
\nafter the referendum and agreements majority of the expats will be required to
\nreturn back to their birth country which will have an impact on culture,
\ncausing an experience of reverse culture shock by getting a habit of working
\nand adjusting their life in the foreign country they have been sent to work at
\n(Skyes, 2011). Therefore, this will cause the healthcare sector to experience a
\nhuge loss on collaboration and investments on expats who are sent to work from
\ndifferent EU countries. Overall, \u2018re-expatriation\u2019 will be a big test within
\nthe healthcare sector after Brexit primarily looking at the employment and
\nmanaging role. Additionally, the healthcare sector should look into these long
\nterm impacts that have been mentioned above and plan into the future so they
\ncould avoid the consequences of managing global staff after Brexit. <\/p>\n

Now there will be
\nanalysis regarding about the banking sector and how Brexit will impact the
\ncross cultural management style. The banking sector is a big sector within the
\nEU and UK, majority of the UK banks work across EU and other international
\ncountries such as China and Japan as it is cheaper for non-EU countries to collaborate
\nand work with EU countries rather than individual countries. The main impact on
\nthe UK banking sector will be in regards to the loss of \u201cpassporting rights\u201d, a
\nrecent report has shown that almost 5,500 organisations in UK mainly rely on
\nthe passporting so that they could do business with the EU nations, and over
\n8,000 organisations of EU rely on passporting for trade with UK (Toptal Finance
\nBlog, 2017). Majority of the banks within the UK are known for working
\ncross-border to provide banking services to people across the globe. With
\nregards to these services, the UK banks cover the needs of borrowing of the
\nfirms in various nations; thus, by losing the \u2018passporting right\u2019, it will
\nhugely impact the banking sector and will be a challenge to overcome as they
\nwill have to terminate their cooperation\u2019s with overseas consumers, a reality
\nthat could undermine the banks\u2019 dependability in the market (Ford and Goodwin,
\n2017; Walsh, 2017). Hence, the banks will suffer a big loss towards
\ncross-border collaboration and investments; so it will be a challenge to bring
\nthis up in the negotiations towards Brexit, however UK is leaving the EU so
\nthere will be less goodwill towards the negotiations and it will be tough. UK might
\nhave two options either to use the Swiss-style or the Norwegian way for Britain
\nto benefit the passporting trade. Therefore the banking sector will need to
\nlook into this matter and come up with a solution so that they do not lose
\ntheir overseas consumers. <\/p>\n

Ashurst (2016)
\nclarified that the UK banks signifies high percentage of activities with
\nregards to cross-cultural services. The activities are depended on the EU
\nlegislations. When the legislations are modernised and amended after Brexit, it
\ncould terminate the activities of the banks, this impact would be very hard to
\nbe overseen and managed, in both areas of lawful and as of its financial
\naspects (Ashurst, 2016). Simultaneously, the volume of bad loan under the
\nimpact of Brexit is predicted to be profoundly enlarged. The statistics shows
\nthat these loans in 2017, was expected to reach up to \u00a36.9 billion and in 2018
\nto reach up at \u00a39.7 billion; this impact will increase the loans by \u00a32.8
\nbillion within one year (Gros, 2016). The Bank of England had made an
\nannouncement on March 2017, warning the banks within UK that they should be
\nwell prepared in the case of severe turbulence with the UK\u2019s economy due to the
\nBrexit outcomes; the Bank of England described the turbulences as \u201cknee-jerk
\nreactions\u201d (Burton, 2017).\u00a0 This
\nstatement that the Bank of England has stated has a negative connotation, they
\nare giving a warning to banks that there will be sudden change within the
\neconomy and there will be no time to think about a solution because we do not
\nknow what the outcome will turn out to be. <\/p>\n

The UK is still
\nundergoing their bill with negotiations, this bill will cover all the issues of
\nBrexit and how UK could overcome it by EU been lenient to the bill, however it is
\npredicted that this will cost the UK between \u00a366 and \u00a3111 billion to complete
\nthe process (Lowe, 2017). Furthermore, the foreign investments within the UK
\nbusiness industry has been predicted to reduce by 25% by 2019, because of
\nBrexit effect (Cox et al., 2017). This figure includes one of the Brexit cost.
\nA survey conducted amongst the UK\u2019s most influential businesses have exposed
\nthat the impact of Brexit on businesses within UK have been negative by far
\n(Ross & Meakin, 2017). At the moment only in the result of the verdict UK
\nhave had negative effects on businesses but when the negotiations have been
\ncompleted and Brexit is finalised this will severely impact the UK\u2019s economy. <\/p>\n

Conversely, it is
\nbelieved that the exit of EU will benefit the UK but in the long term. As the
\nwithdrawal from EU nations could potentially increase the UK\u2019s economy as UK
\nwill not be included to contribute towards the EU\u2019s assets and expenses. For
\ninstance, in 2016 UK had given an amount of \u00a313.2 billion to EU for the
\nexpenses and assets (Begg, 2017). But this benefit to Brexit on UK will take a
\nwhile to appear. Certainly, UK\u2019s growth has been predicted to be 1.6% in 2018
\nfrom 2% in 2017 having a decrease (Kottasova, 2017). PWC a leading accounting
\nfirm has produced a report, which the Bank of England has anticipated that they
\nwould avoid making any changes to Britain\u2019s financial regulatory policy for a
\ncertain amount of time, mainly up until they get closer to the progression of
\nBrexit negotiations (PWC, 2017). <\/p>\n

In conclusion Brexit
\nwill cause several implications on UK, both in a positive and negative scopes.
\nMainly in the context of economy, as there will be a potential increase of UK
\nto do trade with other countries around the globe as the restrictions to
\nlegislations provided by EU will not be applied in UK. However, the Bill may
\ncreate traffics and barriers between UK and EU trade and would potentially
\ndecrease the advantages of UK\u2019s trade liberalisation. Simultaneously, the power
\nof UK to make critical decisions on issues such as immigration, introduction of
\neconomy restrictions and involvement with conflicts around the globe would be
\nunconditional. <\/p>\n

Additionally, it cannot
\nbe determined whether the full independency of UK from the rules of EU will be
\na condition of \u2018hard\u2019 Brexit or \u2018soft\u2019, if \u2018hard\u2019 Brexit is opted then this
\ncould potentially be dangerous for UK in several ways, mainly with the issues
\nthat have been analysed above. As a matter of fact, the aspects of UK\u2019s
\neconomic, political and social environment has created awareness that the
\nbenefits of Brexit to the UK is virtually the same to it disadvantages.
\nTherefore, with this nature the accomplishment of \u2018soft\u2019 Brexit through the
\nnegotiations should be the main aim for the UK\u2019s government so that they could
\navoid complications in the future. <\/p>\n

Reference
\nlist:<\/strong><\/h2>\n

Ashurst (2016) Brexit: the
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\n(Accessed 12 Dec 2017).<\/strong><\/p>\n

Barnard, C., 2017. Law and
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Begg, I. (2017) How Much Will
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Burton, L. (2017) Bank of
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Burton, L. (2016). Brexit:
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Carroll, L. (2016). \u2018It
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Cox, J., Chu, B. and
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Fenton, S. (2016). The
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Ford, R. and Goodwin, M.
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Green, D. (2017) The tale of
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Gros, D. (2016) How would
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Hunt, A. and Wheeler, B.
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James, C. (2016) Brexit: What
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Kottasova,
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Landou, P. (2016). Would
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Lowe, J. (2017) How Much Will
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Parfitt,
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PWC
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Rankin,
\nJ. (2016). Freedom of
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\n(Accessed 15 Dec. 2017).<\/p>\n

Ross, T.
\nand Meakin, L. (2017) U.K. Business Says Brexit Already Having a Negative
\nEffect. Bloomberg. (Online). Available at: https:\/\/www.bloomberg.com\/news\/articles\/2017-02-06\/u-k-business-says-brexit-is-already-having-a-negative-effect
\n[Accessed 19 Dec 2017].<\/p>\n

Skyes, A. (2011). Reverse
\nculture shock: What, when, and how to cope. (Online) Expatica.com. Available
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\n[Accessed 19 Dec. 2017].<\/p>\n

Triggle, N. (2016). Brexit
\n\u2018will make NHS staff shortages worse\u2019 \u2013 BBC News. (Online) BBC News. Available
\nat: http:\/\/www.bbc.co.uk\/news\/health-36664094 (Accessed 16 Dec. 2017).<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Critically analyse the long-term impact of Brexit for cross-cultural management practices in Europe. Consider the impact and issues for businesses from both the UK and other EU-partner perspectives. On 23rd of June 2016, United Kingdom (UK) had held Brexit referendum in desire of leaving European Union (EU) (Ford and Goodwin, 2017). The outcome of the […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7418,7492,5807],"tags":[7419,3319,5337,5587,5586,249],"class_list":["post-37456","post","type-post","status-publish","format-standard","hentry","category-affordable-essay-writing-service","category-essay-examples-management","category-management","tag-academic-paper","tag-assignment-help","tag-dissertation-writing","tag-essay-writing","tag-online-tutoring","tag-write-my-paper"],"_links":{"self":[{"href":"https:\/\/www.colapapers.com\/us\/wp-json\/wp\/v2\/posts\/37456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.colapapers.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.colapapers.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.colapapers.com\/us\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.colapapers.com\/us\/wp-json\/wp\/v2\/comments?post=37456"}],"version-history":[{"count":0,"href":"https:\/\/www.colapapers.com\/us\/wp-json\/wp\/v2\/posts\/37456\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.colapapers.com\/us\/wp-json\/wp\/v2\/media?parent=37456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.colapapers.com\/us\/wp-json\/wp\/v2\/categories?post=37456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.colapapers.com\/us\/wp-json\/wp\/v2\/tags?post=37456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}