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Published byIda Kurnia Modified over 5 years ago
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The opportunity of a lifetime must be seized within the lifetime of the opportunity.
- Leonard Ravenhill An opportunity such as this, comes once in your lifetime…. to pause and review your business.
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Phase 4: Negotiations of Unresolved Phase 3: Negotiations under Art 50
List of unresolved issues Target date to resolve them Political intentions on the unresolved Periodic update on status Industry commentaries Phase 4: Negotiations of Unresolved Periodic insights on specific areas of negotiations Phase 3: Negotiations under Art 50 Target date for EU Exit Phase 2: Art 50 invoked Political intentions Central Bank Actions Policy Assessment Cost Phase 1: Pre Art 50
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What actions need to be taken?
Develop a variety of economic and political scenarios for both the near term and long term Assess the implications of each scenario (e.g., on business performance weaknesses/risks, capability requirements) Define potential “trigger points” that may narrow potential scenarios and lead to action Identify “no regrets” moves that can or should be made to reduce uncertainty Scenario Planning Strategic review across business lines (and/or products) for near-term and long-term scenarios Identify value creation opportunities Develop options to mitigate risks Review Strategy Define the COM Identify activities that may be impacted by Brexit For the impacted activities develop alternate OM options and assess their attractiveness using various parameters e.g., headcount, cost to implement, funding OM Impact Assessment Identify people at risk (EU citizens working in UK) Assess risk related to their eligibility Assess potential loss of skills (people capability) Identify options for mitigation Implications for UK workforce
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A sample framework for Brexit
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Deepak Mohan Mukul Ltd, UK deepak.mohan@deepakmohan.net 07557 470 187
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