article thumbnail

How Multinationals Should Be Planning for Brexit

Harvard Business Review

If the supplier had used its 2016–2017 sales data, which showed greater demand for its products as a result of the boom in UK tourism, to predict future results and set next year’s strategy, it may have overestimated future performance and ended up with too much inventory, higher costs, and pressure to discount heavily to move product.

article thumbnail

Greeceā€™s Problem Is More Complicated than Austerity

Harvard Business Review

For a country that isn’t export-oriented, and whose major industry, tourism, relies on stability, having its own currency is not much of a solution to economic woes. What happened was that the EU and taxpayers got dodgy Greek debt to help EU (but non-Greek) banks and hedge funds, which duly made a killing.