3.6.1- cause and effect of change Flashcards
1
Q
What are 5 examples of change within a business?
A
- organizational size
- poor business performance
- new organisation
- transformational leadership
- market and other external factors
2
Q
What issues will a business face if changes organisational size?
A
- maintaining company culture
- training new staff
- increased labour costs
3
Q
What issues will a business face if poor performance?
A
- need new objectives
- will need new strategies to complete
- redundancies
4
Q
What issues will a business face due to new leadership?
A
- redundancies
- clash of culture
- issues in communication
5
Q
What issues will a business face due to transformational leadership?
A
- will need to reinvent itself to get competitive advantage
- new business culture which challenges managers to develop new ways of thinking
6
Q
What issues will a business face due to external factors?
A
- may have to increase their research and development
- may need to change corporate objectives
7
Q
What are the effects of change?
A
- investment in R+D
- investment into new machinery
- change production methods
- produce new cash flow forecasts
- employees may be unsure about their future
