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Mastering Brexits Through The Ages: Entrepreneurial Innovators and Small Firms - The Catalysts for Success [Kietas viršelis]

(University of Hertfordshire, UK), (University of Hertfordshire, UK)
  • Formatas: Hardback, 264 pages, aukštis x plotis x storis: 229x152x20 mm, weight: 508 g
  • Išleidimo metai: 08-May-2018
  • Leidėjas: Emerald Publishing Limited
  • ISBN-10: 178743897X
  • ISBN-13: 9781787438972
Kitos knygos pagal šią temą:
Mastering Brexits Through The Ages: Entrepreneurial Innovators and Small Firms - The Catalysts for SuccessDidesnis paveikslėlis
  • Formatas: Hardback, 264 pages, aukštis x plotis x storis: 229x152x20 mm, weight: 508 g
  • Išleidimo metai: 08-May-2018
  • Leidėjas: Emerald Publishing Limited
  • ISBN-10: 178743897X
  • ISBN-13: 9781787438972
Kitos knygos pagal šią temą:
Pastovi nuoroda: https://www.kriso.lt/db/9781787438972.html
Raktažodžiai:
A pragmatic analysis of the challenges a post-Brexit world offers for the small business community. This book combines historical insights and economic theory to give practical tools that can help identify the way forward for entrepreneurs and SMEs.

Brexit is arguably the most significant UK foreign and economic policy event since at least 1945. Opinion is bitterly divided between whether to leave, when to leave, how to leave and even on what Brexit is. Mastering Brexits Through the Ages: Entrepreneurial Innovators and Small Firms - The Catalysts for Success explores these dynamics through the lens of three previous 'Brexits' – the end of Roman Britain, the Henrician Reformation, and the Elizabethan age. Using multiple historical epithets, it illuminates insights into innovation needs, smaller firm growth, previous step change events and related economic understanding. This book paints a broad picture of possible UK post-Brexit landscapes.

Echoing an earlier European Treaty (Versailles, 1919), fourteen action points that can contribute to mitigating downside risks and making post Brexit UK a leading force in the Global Economy are identified. At all times, dynamic entrepreneurs and small companies are at the centre of the narrative.

This book is both a key contribution to understanding implementation risks and to identifying what a 'winning' post-Brexit UK economy should look like. Drawing on extensive research, the book identifies the strategic framework and associated practical measures needed to realise a positive outcome. It concurrently analyses Brexit mythology through carefully unpicking and demystifying complexities, anticipated Brexit risks, impacts, implications and unknowns. A book for academics, policy makers, advisers and interested bystanders alike.

Recenzijos

The authors use previous historical events to understand future challenges in the UK after Brexit, by examining three previous "Brexits" as moments of change: the end of Roman Britain, the Henrician Reformation, and the Elizabethan Settlement. They identify 14 propositions to change frameworks to drive success and make the UK the number one innovative economy globally in a Brexit context, derived from past experience and Brexits and combined with today's landscape. They discuss the current landscape of the UK; critical factors key to the success or failure of the domestic economy based on analysis of the outcomes and consequences of the three previous Brexits; the role of smaller firms in innovation and success; the impact of Brexits on various industries, and its risks; various perspectives on Brexit; and actions for coping with Brexit shocks. -- Annotation ©2018 * (protoview.com) *

About the Authors xi
Foreword xiii
Preface 1(10)
Economic Background: Opportunity and Challenge
3(1)
The Pace of Change
3(1)
Community Fears and Frustrations
4(1)
Nostalgia and Radicalism: The Striving for Simple Answers
5(1)
Entrepreneurs Drive Success
5(1)
Pictures vs. Brushstrokes
6(1)
Seizing Opportunity
7(1)
The Fourteen Propositions
8(1)
Acknowledgements
8(3)
Chapter 1 Today's Landscape
11(16)
1.1 Innovation and Productivity
12(2)
1.2 Accelerating Product Innovation and Consumer Expectations
14(3)
1.2.1 Innovation Comes in Different Forms: All Forms Matter
16(1)
1.2.2 A Perception of Risk: Entrepreneurs vs. Professional Managers
17(1)
1.3 Financialisation has Interrupted Business Credit Mechanisms
17(1)
1.4 Capitalism and the Entrepreneur
18(3)
Figure 1.1 The Innovation and Profit Generation Circle
19(2)
1.5 Historic Events: Our Window to the Future
21(1)
1.6 The United Kingdom Today
22(2)
1.6.1 Consumers
22(1)
1.6.2 Balance of Payments
23(1)
1.6.3 The Regions
23(1)
1.6.4 Manufacturing
24(1)
1.6.5 Services
24(1)
1.6.6 Generational Mismatch
24(1)
1.7 International Dependence
24(1)
1.8 Today's Biggest Challenges?
25(2)
Chapter 2 Brexit Paradigms
27(16)
2.1 Brexit No. 1: AD 410
28(2)
2.2 Brexit No. 2: Break with Rome (Again!)
30(6)
2.3 Brexit No. 3: Adjustment and Stabilisation
36(6)
Table 2.1 Brexit Challenges
40(2)
Figure 2.1 Previous Brexits
42(1)
2.4 Summary
42(1)
Chapter 3 Smaller Firms: Engines of Innovation
43(50)
3.1 The "Ambition Gap"
43(2)
3.1.1 Mission-based Innovation Driven by "Ambitious Firms"
44(1)
3.2 Differing Market Landscapes
45(2)
3.2.1 Conventional Wisdom
45(1)
Table 3.1 MSMEs by Industry (2016 Employee Count Data)
46(1)
Figure 3.1 MSME 2010 Count by Business Stage (after Blackburn, 2012)
47(1)
3.3 MSME Importance to Overall Economy
47(7)
Figure 3.2 SME Employment and Innovation Impact
49(1)
Figure 3.3 SME Employment and Total Factor Productivity Impact
50(1)
Figure 3.4 E-commerce as % Intangible Innovation by Sector 2000-2007
51(1)
Figure 3.5 Innovation Contribution vs. Employees on Low Pay
52(1)
Table 3.2 Sector Pre-tax Operating Profit Adjusted for Leasing and R&D
53(1)
3.4 The Triangle of Opportunity
54(4)
Figure 3.6 The Triangle of Opportunity
55(1)
Figure 3.7 `Opportunity Triangle' Sectors
56(1)
Figure 3.8 Opportunity Triangle `Growth' Sectors
57(1)
3.5 Zombies and New Entrants
58(3)
3.6 Complexity Rather than `One Size Fits All'
61(24)
3.6.1 Group 1: High-growth Potential `Big' (or Little!) Bang Disrupters
61(5)
3.6.2 Group 2: Complex Supply Chain Players
66(6)
3.6.3 Group 3: Simple Supply Chain Players
72(1)
3.6.4 Group 4: Professional Advice
73(1)
3.6.5 Group 5: Financial Services
74(1)
3.6.6 Group 6: Local Retail and Artisan Products
75(1)
Table 3.3 Number of Tailors Operating in the United Kingdom
76(4)
3.6.7 Group 7: Labour-intensive Service MSMEs
80(2)
3.6.8 Group 8: Knowledge-driven Innovators
82(3)
3.7 Diverse Groups Requiring Differing Brexit Outcomes
85(1)
3.8 Summary: Brexit Implications
85(8)
Table 3.4 Potential EU Impacts
86(2)
Table 3.5 MSME Sectors vs. EU Impact
88(5)
Chapter 4 Shocks Revisited
93(28)
4.1 Recap from Historical Brexits
94(1)
4.2 Our `Stones' and `Ripples'
94(10)
Table 4.1 Lessons from Previous Brexits
95(4)
Figure 4.1 Sterling Effective Purchasing Power
99(4)
Table 4.2 Disruption Events
103(1)
4.3 Shock A: Financial System Disruption (`Sudden Stop Events')
104(2)
Table 4.3 Sample Sudden Stop Events
105(1)
4.4 Shock B: Legal and Regulatory Risk
106(4)
4.5 Shock C: Brexit Day Operational Imperatives
110(3)
4.6 Shock D: Continued Market Innovation
113(1)
4.7 Shock E: Regional Execution
114(3)
4.8 Summary
117(4)
Chapter 5 Brexit: The Conventional Wisdom
121(14)
5.1 The Optimistic Case
122(4)
5.2 The Mainstream Case
126(3)
Table 5.1 Mainstream Case Examples
127(2)
5.3 Tinkerbell and the Art of Wishful Thinking
129(6)
5.3.1 The Laffer Curve
129(4)
5.3.2 Government Debt, `Austerity' and Crowding Out
133(1)
5.3.3 Inequality
133(2)
Chapter 6 Our Assumptions
135(6)
6.1 Assumptions
136(2)
6.2 Assumptions Basis
138(3)
Chapter 7 Coping with a Brexit Shock
141(62)
7.1 Action Points
144(41)
7.1.1 Proposition 1: Create New `Family Silver' (to Sell at a Profit)
147(1)
Figure 7.1 Basic Invisible Hand Model
148(1)
Figure 7.2 Basic Invisible Hand Model with Resources Reinvested in Growing Sectors
148(1)
Figure 7.3 Basic Invisible Hand Model with Financial Sector
149(3)
Figure 7.4 Proposed MSME Funding Support Flow
152(1)
7.1.2 Proposition 2: Link Public Procurement to MSME Innovation - Example: Use `Block Chain' to Establish Event-triggered Payment System for MSMEs
153(5)
7.1.3 Proposition 3: Create an MSME Banking Ombudsman Service
158(1)
7.1.4 Proposition 4: `Share the Problem and the Solutions'
159(1)
7.1.5 Proposition 5: `Initiate an MSME-focused Exporting Program'
160(4)
7.1.6 Proposition 6: Kill Non-viable Firms
164(1)
7.1.7 Proposition 7: Accept that the Supply Chain Status Quo Must Change: UK Competitiveness Must Rise or UK Operations Risk Redundancy
165(3)
7.1.8 Proposition 8: Publicly Contract MSMEs to Build Block Chain-based Real-time Certificates of Origin System
168(2)
1.1.9 Proposition 9: Follow in the Footsteps of `Economic Miracle' Countries to Establish `Innovation Contracts' that Blend Public and Private Sectors
170(4)
7.1.9.1 Fraunhofer and the German Mittlestand
174(1)
7.1.9.2 DARPA in the United States
175(2)
7.1.10 Proposition 10: Build the Venture Capital Exit Chain
177(3)
7.1.11 Proposition 11: Make it Worthwhile Patenting
179(3)
7.1.12 Proposition 12: Raise Management Competence
182(2)
7.1.13 Proposition 13: Give Control of Immigration to the Market and Up-skill the Indigenous Workforce through Vocational Training
184(6)
7.1.14 Proposition 14: New Trade Agreements
190(5)
7.2 How Did They Cope in Previous Brexits?
195(18)
Table 7.1 Previous Brexit Experience
196(7)
Chapter 8 Epilogue: Unlocking Our Potential
203(12)
8.1 Entrepreneurs Must Drive What Support They Need
205(2)
Table 8.1 Support Organisations
205(2)
8.2 MSMEs as Revenue Stream for Some Advisors
207(2)
8.3 MSME Characteristics
209(3)
8.4 New Structures Will Be Required Before Brexit Day
212(1)
8.5 The Real Brexit Challenge
213(2)
Appendix: Simple Glossary 215(4)
Bibliography 219(22)
Index 241
Nigel Culkin is Professor of Enterprise and Entrepreneurial Development at the University of Hertfordshire. He has published widely in the areas of small business leadership, entrepreneurial universities, graduate entrepreneurship and the creative industries, as well as completing projects for UK and overseas government agencies, large multinational organisations and Research Councils. In 2014, he was elected to the post of President at the Institute for Small Business and Entrepreneurship (ISBE); and, in 2015, was invited to join the prestigious Peer Review College at the Economic and Social Research Council (ESRC). Nigel is a regular attendee at the UNCTAD Expert Meeting on entrepreneurship and building productive capacities, held in Geneva.Richard Simmons is an economist with enduring expertise in SMEs as innovation engines. Richard has a strong belief in market solutions, with interests in growth processes, ethical financing and dynamic (including monetary) equilibrium in an entrepreneurially driven and financially sophisticated world. Formerly holding senior regional and global management roles in various leading-edge high technology and medical device firms, Richard has lived and worked globally. He now advises a senior global investor based in Riyadh.