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Although it’s too early to predict the impact of Brexit on global business, how can companies...

Although it’s too early to predict the impact of Brexit on global business, how can companies use the UK’s impending departure from the EU to their competitive advantage?

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Answer #1

Companies can use United Kingdom impending departure from European union to their competitive advantage by-

1. Focusing on new markets and starting to build market share as they have less restrictions.

2. They can focus on domestic centric business strategies as it would help them to explore the United kingdom's market more efficiently and effectively.

3.it has led to the flexibility in their overall business and the rules and regulations have been minimised so they can function in more independent way.

4. They have a very low dependence upon Euros as a currency now and they have to focus to United Kingdom sterling pound in order to to gain through the business advantage.

5.They can focus onto Asian continent because it can provide with the underexplored opportunities and it can lead to to wide market share gain through mergers and acquisitions.

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