While a lot of uncertainty exists around exactly what Brexit will mean for the European trading landscape, Irish companies need to examine their business strategy now and decide where adjustment— if any— is needed.
Brexit may result in complications that affect the various systems and resources within your business that keep it running on a daily basis. It is important to understand and review your operations from end-to-end— from suppliers right through to end-users— to ensure that you are prepared for all eventualities.
Investment in the development of innovative and value-added products and improved services and processes is a key measure Irish companies can take to overcome the potential challenges of Brexit.
Sales & Marketing
Taking a more strategic approach to sales and marketing is essential for Irish businesses if they are to succeed in differentiating themselves and generating new business to deal with the potential shortfall that Brexit may cause.
Navigating through and beyond Brexit successfully will require strong financial management and exchange rate volatility is the key challenge to be faced in the short to medium term.
Building effective leadership and management capability within Irish companies has never been more important given the likely challenges arising from Brexit. This capability will be crucial in steering companies through this unprecedented period with conviction and vision.