3.6.2 Key Factors Of Change 🛑 Flashcards
What are the four key factors of change?
Organisational culture
size of organisation

Time /speed of change
managing resistance to change
What is it hard a strong organiser organisational culture to do?
Change - Especially if takeover or merger
What is corporate culture?
Describe the prevailing attitudes and values of the organisation
What is the key factor of managing change effectively in a business? (Culture)
Insurance embedded in business culture
Why is it harder for larger sized businesses to change?
What is change?
Changes is slower -
to change to manage on a larger scale
more people in chain of command
more complex roles
People more involved in decision-making
How many the time and speed of change affect how businesses change?
How do businesses react to change within dynamic markets?
Businesses that operate in a dynamic market must deal with change more often positive on a daily basis - more agile
how may too much change to all the business be bad? (Time and speed of change)
Too much in a short period - crisis - demotivates - you need to adapt to meet a internal needs
Why make employees customers owners and the business culture be resistant to change?
Employees -
fear of new tasks
changing workforce
unemployment
customers - may like the normal nature of buying
owners -
costs
Fear of market and operating conditions
culture -
norms, beliefs and values are hard to change
