1.5 Driving Forces Flashcards
Managers (How)
Influence
Provide strategic direction for change
Communicate
Provide leadership
Implement strategies
Managers (why)
Job security
Financial benefit
Personal reputation
Owners (how)
Personally or with partners
Owners (why)
Improve return on investment
Financial and personal reputation
Employees (how)
Influence other employees
Giving freedom and flexibility will enhance innovation and ideas
Employees (why)
Job security
Financial and career development
Personal reputation
Competitors (how)
Monitor activities of competition
Respond to competitors quickly
Competitors (why)
Don’t lose customers or market share
Come up with change first
Legislation (how)
Comply with all laws from Federal (taxation), State (smoking), Local (opening hours)
Legislation (why)
To avoid fines
Pursuit of profit (why)
Implementing improvements to increase sales, market share, profit
Sustained to enable growth
Pressure from shareholders
Reduction of costs (how)
Reduce employees, outsourcing, overseas manufacturing, review supply chain
Reduction of costs (why)
Enhance profit figures
Drives change to reducing costs
Globalisation (how)
Remain viable and competitive
Technology (how)
Self service checkouts