Vincent Belliveau (Chief International Officer)
From the financial crisis of 2008, Brexit, COVID and this year the war in Ukraine – the business world has had its fair share of shifting moments during my tenure at Cornerstone.
I am somewhat disappointed by the latest figures showing how many businesses have failed to carry out Brexit Risk Assessments and even more disappointed at the number that have not undertaken any planning in order to prepare for a future after the UK has left the EU.
We all seem to be so busy these days, what with digitization (including digital tax reporting); coping with the current economic situation; whilst managing constant changes in the internal and external business environments; I wonder if we are losing sight of the need to plan long-term. The uncertainty of Brexit would also appear to have taken its toll on the normal planning cycle, with sixty-two percent of businesses having not yet undertaken a Brexit Risk Assessment and seventy-five percent having failed to plan to manage the potential financial impact of Brexit on their activities (acco
How is Brexit currently mirroring most corporate change?
Theresa May and her trusted team (the Board) are currently spending a lot of time behind closed doors, with little outcome. The people (your people), know that change is on the horizon, they know it needs to happen by a certain date, but nothing is happening. People want to know how it might impact them, their work and their families, but nothing.
The UK workforce is relatively unproductive. France and Germany both have efficiency levels that are 30% higher than that of the UK. Only in October did productivity levels return to normal after an all-time low following the recent economic crisis.