Jacqueline Jeynes - Author, Editor and Publisher

10 Ps of Managing Risks Post-Brexit:

10 Basic Principles

ISBN: 9780992-6-1008-1

Aim of the book

The last 5 years of the 20th century witnessed significant changes in the way firms operate, and in the fundamental structure of business units as globalization became more prominent. British industry has changed from primarily manufacturing based to predominantly service provision, and after the mergers and take-overs of the 1970s came the trend for down-sizing to much smaller business units in the 1980s and 1990s. 

Since 2000, the total number of businesses has grown to around 5.5 million [FSB 2017], the majority being sole-traders with no employees [76%] or partnerships without employees [8%]. In the USA, this figure is around 22 million self-employed individuals with no employees, 52% being home-based [US 2017]. This phenomenal change has been accompanied by the rapid growth in the use of telecommunications, the internet, part-time and temporary employment contracts, and the use of home-working throughout the world.

For the UK, membership of the European Union brought with it a stream of legislation, and a desire to bring all member states into closer alignment on employment and worker protection, social issues, taxation and other fiscal measures. This was closely followed by many directives which seemed to blur the edges between different disciplines when transposed into national legislation. 

Despite greater emphasis on recognizing the needs of small firms, there are considerable pressures, both internal and external, that require firms to demonstrate to others that they are managing business risks satisfactorily. 

This is still the case with or without Brexit (the withdrawal of UK from membership of the European Union trading block), and whether a firm wants to trade with partners inside or outside the EU. There are still many International Standards in place that are recognized across continents, and ongoing development of new trading partners worldwide, so it is even more critical now to take a positive step in managing risks.

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Why this book now?

The original version of the 10 Ps approach to Risk Management was published in 2002. As it is still regularly bought, and sections copied, there is still a demand for such guidance. This is geared more towards someone who is studying risk management, or is responsible for ensuring risks are managed company wide. There is another book currently being revised - Practical Health & Safety Management for Small Businesses - published in 2000 - which will be released soon "Forget Brexit - Just Manage your Risks!" aimed at very small firms and non-experts.

Watch this space for details when this is available!