3.6 Flashcards
organisational change
a process in which a large company or organisation changes its working methods or aims, in order to develop and deal with new situations or markets
transformational leadership
where new leadership such as a new CEO brings about change with the purpose of improving business performance
management of change
the process of organizing and introducing new methods of working within a business
business continuity plan
shows how a business will operate after a serious incident and how it expects to return to normal in the quickest time possible
risk assessment
identifying and evaluating the potential risks that may be involved in an activity that a business proposes to undertake, ensuring compliance with health and safety legislation
risk mitigation plans
identify, assess and prioritise risks, and plan responses to deal with the impact of these risks on the operation of the business
scenario planning
a strategic planning method designed to:
1) explore uncertainties
2) learn how to protect the business from the worst consequences
3) prepare how to exploit opportunities
succession planning
identifying and developing people who have the potential to occupy key roles in the business in the future
