How will the possibility of leaving the EU affect small and medium size businesses in the West Sussex area?

Student, A. (2016) How will the possibility of leaving the EU affect small and medium size businesses in the West Sussex area? Undergraduate thesis, University of Chichester.

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Abstract

This research aims to assess the change in business strategies of small and medium sized
businesses in the West Sussex area, in respect of the EU Referendum. This is in order to
understand why businesses have or have not changed businesses strategies. This is a recent
topic, so interlinking the literature review, and the results will be the first of its kind.
The literature review studies small and medium sized businesses, as well as the recent
information that has been published about the possible ‘Brexit’, and merged the data, to find
the links, that could have an effect on businesses strategies. It also studies individual issues,
such as the possible change in exportation. The only information that exists around this topic, is
when other EU countries have left the EU over the past few decades. However, due to the
complex nature of the EU arrangement, every situation is different and therefore it will be hard
to compare such situations. Also, the full extent of leaving the EU is unknown, and therefore a
highly informed decision is hard to make, and it is harder, as politicians are making the debate
hard, for the average citizen of the UK to understand the ins and out of the EU Referendum.
The key findings from the research shows that a majority of the questions answered have taken
a more personal approach, rather than the affect it may have on their businesses. Also, due to
the majority of the sample offering a service, and not goods, the thought that the EU
Referendum will not affect them, has shown throughout the data. This is further seen, as 86.8%
of the sample have micro businesses, thus do not trade overseas as much as larger companies.
The conclusion of the management projects shows that the majority of businesses owners have
thought about the effects of leaving the EU, but have not formulated a strategy around the
possible effects as contingency plan. This being said, the majority would also vote to stay apart
of the EU. This explains why only 7.9% of business owners have stated they have a contingency
plan, and if the UK does leave the majority of business owners will not be ready for the change,
and could incur possible losses during the transition process.

Item Type: Thesis (Undergraduate)
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Departments > Business School
Undergraduate Dissertations
Depositing User: Gail Graffham
Date Deposited: 17 Jan 2017 10:52
Last Modified: 17 Jan 2017 10:52
URI: http://eprints.chi.ac.uk/id/eprint/2447

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