4E Flashcards
What are all the internal driving forces
Owners
Managers
Employees
Pursuit of profit
Reduction of costs
What are all the external driving forces
Competitors
Legislation
Globalisation
Technology
Innovation
Societal attitudes
What are all the internal restraining forces
Organisational inertia
Financial considerations
Time
Managers
employees
What are all the external restraining forces
Legislation
Legislation as a driving force(n.)
Legislation(n.)=.
Another driving force is legislation, which is the need for the business to comply with laws and regulations.
Owners as a driving force(n.)
Owners(n.)=
Owners act as a driving force for change as they are intrinsically motivated individuals and have a vested interested in the ability of their business to meet its objectives and continue to adapt, as this is essential to its survival and success.1
Employees as a driving force(n.)
Employees(n.)=
Another driving force are employees who are the workers that have a vested interest in completing the tasks allocated to them by managers to achieve organisational objectives.
Managers as a driving force(n.)
Managers(n.)=
Another driving force is managers, which act as the representatives of the owners, and have a vested interest in the business’s ability to achieve business objectives.
Pursuit of profit as a driving force(n.)
Pursuit of profit(n.)=.
Another driving force is the pursuit of profit, which is the business objective to increase a business’s level of revenue compared to expenses, beyond its current point.
Reduction of costs as a driving force(n.)
Reduction of costs(n.)=
One driving force is the reduction of costs, where a business seeks to minimise unnecessary cost that arise in inputs and outputs in its processes.
Technology as a driving force(n.)
Technology(n.)=
Another driving force is technology, as the internet and computer systems are constantly improving, encouraging businesses to change and adopt the latest technology.3 ]
Competitors as a driving force(n.)
Competitors(n.)=
Another driving force is competitors, which are external stakeholders in the form of business’s that have a vested interest in the business’s performance as they too are in the same industry, encouraging change as a business seeks to eliminate any competitive advantage rivals have.
Globalisation as a driving force(n.)
Globalisation(n.)=
Another driving force is globalisation which refers to the increased trade and interconnectedness between countries due to reduced trade barriers and allows businesses to compete on a global scale, which can drive businesses to change in order to survive and strive
Societal attitudes as a driving force(n.)
Societal attitudes(n.)=
Another driving force is societal attitudes, which are the collective values, beliefs, and views of the general public that influence customer purchasing and trends.3 ]
Innovation as a driving force(n.)
Innovation(n.)
Another driving force is innovation which is the process of altering and improving or creating new products or procedures.
Organisational inertia as a restraining force(n.)
Organisational inertia as a restraining force(n.)=
Another restraining force is Organisational inertia is the inability for organisations to respond to change in an efficient and effective manner.
Legislation as a restraining force(n.)
-Legislation as a restraining force(n.)=
Another restraining force is legislation, which is the need for the business to comply with laws and regulations.
Financial considerations as a restraining force(n.)
Financial considerations as a restraining force(n.)=
Another restraining force is financial considerations, which is the impact the change will have on the organisations capacity to pay.
Time as a restraining force(n.)
Time as a restraining force(n.)=
Another restraining force is time, which is the need to complete business changes within a certain period.1]
Managers as a restraining force(n.)
Managers as a restraining force(n.)=
Another restraining force is managers, which act as the representatives of the owners, and have a vested interest in the business’s ability to achieve business objectives. They may refuse to introduce or implement changes that they do not support or that threaten their position.1
Employees as a restraining force(n.)
Employees as a restraining force(n.)=
Another restraining force are Employees, who are the workers that have a vested interest in completing the tasks allocated to them by managers to achieve organisational objectives.
Not important, or necessary to know but a trend about driving forces and restraining forces
-internal(driving/restraining forces)=more control=proactive normally
-external(driving/restraining forces)=less control=reactive normally
-legislative(driving/restraining force)=more expensive
