4E - Driving forces pt1

Question 1

Driving forces

Answer 1

are factors affecting the business environment that promote and support business change.

Question 2

Owners as a driving force

Answer 2

• Owners often make large- scale decisions for the future and possible expansion of the business.
• They have a vested interest in the ability of their business to meet its objectives and continue to adapt.

Question 3

Managers as a driving force

Answer 3

• Managers ensure business performance is optimised and objectives are being achieved.
• Responsible for overseeing the implementation of policies and procedures in daily operations
• Managers can act as a driving force for change when the proposed change will enhance the business’s ability to meet objectives.

Question 4

Employees as a driving force

Answer 4

• Employees are responsible for achieving the business’s objectives.
• personal interest in the performance of the business, given it provides them with work and an income.
• employees may act as a driving force for proposed changes that would improve their work environment.

Question 5

Pursuit of profit as a driving force

Answer 5

• One of the main objectives of all businesses is to make a profit.
• Businesses are encouraged to implement changes that improve their financial performance.

Question 6

Reduction of costs as a driving force

Answer 6

• All businesses should aim to reduce the costs of their operations.
• The reduction of costs can act as a driving force as businesses may implement change to improve efficiency and effectiveness, and reduce unnecessary costs that may arise in business processes.