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Facing Up to Disruption by MIT Sloan Management Review

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How to Prepare for a Brexit-Size Disruption

Fallout from Britain’s EU exit underscores the importance of contingency planning.

The repercussions of “Brexit,” Britain’s momentous decision to exit the European Union (EU), will reverberate across the globe for some time. But one striking conclusion from the many analyses of the June vote is that companies were not prepared for this game-changing event.

“Businesses were largely taken by surprise by [the] vote to leave the EU and few had contingency plans,” reported the Financial Times. Even the British and the EU governments seemed ill-prepared. According to an analysis in the Wall Street Journal, “Europe’s frustration at the lack of a British plan shouldn’t obscure ...

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