1.5 Driving Forces Flashcards

1
Q

Managers (How)

A

Influence
Provide strategic direction for change
Communicate
Provide leadership
Implement strategies

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2
Q

Managers (why)

A

Job security
Financial benefit
Personal reputation

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3
Q

Owners (how)

A

Personally or with partners

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4
Q

Owners (why)

A

Improve return on investment
Financial and personal reputation

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5
Q

Employees (how)

A

Influence other employees
Giving freedom and flexibility will enhance innovation and ideas

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6
Q

Employees (why)

A

Job security
Financial and career development
Personal reputation

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7
Q

Competitors (how)

A

Monitor activities of competition
Respond to competitors quickly

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8
Q

Competitors (why)

A

Don’t lose customers or market share
Come up with change first

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9
Q

Legislation (how)

A

Comply with all laws from Federal (taxation), State (smoking), Local (opening hours)

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10
Q

Legislation (why)

A

To avoid fines

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11
Q

Pursuit of profit (why)

A

Implementing improvements to increase sales, market share, profit
Sustained to enable growth
Pressure from shareholders

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12
Q

Reduction of costs (how)

A

Reduce employees, outsourcing, overseas manufacturing, review supply chain

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13
Q

Reduction of costs (why)

A

Enhance profit figures
Drives change to reducing costs

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14
Q

Globalisation (how)

A

Remain viable and competitive

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15
Q

Technology (how)

A

Self service checkouts

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16
Q

Technology (why)

A

Cut costs
Improved productivity/communication
Competitive advantage

17
Q

Innovation (how)

A

Technology advances, globalisation, management style

18
Q

Innovation (why)

A

Advance business procedures

19
Q

Societal attitudes (how)

A

Environment considerations

20
Q

Societal attitudes (why)

A

Improved business reputation