MANAGING in the

NEW WORLD

While Brexit is a macro economics issue, it can also be used to learn many lessons at the micro level. Companies must focus on their employees first rather than short term profits margins or stock markets. Business research conducted by Gallup confirms that employee engagement levels have shrunk by a third across the industry and this isn’t a good sign. Employees who deal directly with customers must be accorded greater influence rather than complicating their roles by adding layers of bureaucracy. Each business manager must divide his or her time in such a way that a third of total time can be spent directly interacting with customers. Transparency is no longer an option but a must. Due to smartphones, information or rumour travels much faster than ever before so it is better to confront this by being open to employees rather than trying to hide things. Thus corporates must not fail in predicting employee views, the way British leaders failed to gauge the voting public.

Source: http://fortune.com/2016/07/08/5-lessons-business-leaders-can-learn-from-brexit/

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