Firms are facing challenging social-political situations in their home markets. Whether it’s Brexit in the UK, the Yellow Vest Movement in France, civil unrest in Venezuela, or the U.S. government shutdown, firms are having to adapt their investment, growth plans, and allocation of resources to deal with greater political uncertainty.
How Companies Can Adapt During Times of Political Uncertainty
Brexit serves as a useful case study.
February 22, 2019
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Summary.
Whether it’s Brexit in the United-Kingdom, the Yellow Vest Movement in France, civil unrest in Venezuela, or the U.S. government shutdown, firms are having to adapt their investment, growth plans, and allocation of resources to deal with greater political uncertainty.
How should firms adapt? Experts have decided a framework for how firms should restructure their operations in cases of uncertainty. The first step is evaluating the nature and the scope of uncertainty. The second is considering the nature of the markets the firm has a presence on.
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Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Decision Making. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Practical ways to improve your decision-making process.