Top of Mind Thursday March 28, 2019: Breaking Up is Hard to Do

Top of Mind Thursday

Nearly three years ago, the UK voted to leave the European Union, a process that has been nicknamed Brexit.

Leverage2Market LogoIf only it were that easy. Almost from the minute Brexit was approved, groups in the UK began pushing back. The politicians who drove the initiative quickly disappeared. Theresa May became Prime Minister and futilely tried to push several Brexit strategies through Parliament. Yesterday, May herself was removed.

Now it’s not clear if the UK will leave the EU in 2020 as planned, sooner without a formal transition plan, later with a plan, or not at all. Businesses are fleeing the UK in droves, and  opinion polls say now that they understand this better, many people don’t really think leaving the EU is such a good idea.

This is what happens when the actions of a key constituent group are not taken seriously. Most people thought Brexit was just a lark and never expected it to pass. When it did, they had no idea what to do next.

How often do you disregard initiatives led by employees, customers, partners, shareholders, or suppliers–because you don’t think they’re important, or believe they’ll ever amount to anything? Do you consider the long-term repercussions of what such initiatives might entail? What will you do if your own version of Brexit appears with partners, suppliers, or government?

Business breakups are no easier than personal ones. Once trust is broken, things are never quite be the same. Whether or not the UK decides to remain wedded to the EU in the end, many tears will be shed by all involved for years to come.

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