3.6 Flashcards
3 ways Business Size cause change
-Grow Organically
-Mergers or Takeovers
-Divestment or Redundancies
2 ways Poor Performance cause change
-Change in leadership
-Pursue a new direction
How does New Ownership cause change
Brings change to overall aims and objectives of the business or make change to culture
How can Transformational Leadership cause change
A new strategic direction and vision of the business can be brought
2 ways Business Restructuring cause change
-Expansion or Contraction of business
-Merger or Takeover
4 Possible effects to change
-Competitiveness
-Productivity
-Financial Performance
-Stakeholders
4 Factors in Change
-Organisational Culture
-Size of Organisation
-Time/Speed of change
-Managing resistance to change
3 Key Points of Failure
-Natural Disasters
-IT System Failure
-Loss of Key Staff
Definition of a Business Continuity Plan
Sets out how a business will operate following a serious incident or disaster
Definition of Succession Planning
Identifying and developing current employees who have the potential to move into key roles
