4F Flashcards
driving and restraining forces p2
Competitors as a driving force
Furthermore, 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 sell similar goods or services to the business, encouraging change as a business seeks to eliminate any competitive advantage rivals have.Or Furthermore, 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.
Legislation as a driving force
Furthermore, another restraining force is legislation, which is the need for the business to comply with laws and regulations
Globalisation as a driving force
One 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
Technology as a driving force
Another driving force is technology, as the internet and computer systems, are constantly improving, encouraging businesses to change and adopt the latest technology
Innovation as a driving force
Furthermore, as a driving force innovation is the process of altering and improving or creating new products or procedures.
Societal attitudes as a driving force
Another driving force is societal attitudes, which are the collective values, beliefs, and views of the general public that influence customer purchasing and trends
Organisational inertia as a restraining force
Organisational inertia is the inability for organisations to respond to change in an efficient and effective manner.
Legislation as a restraining force
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
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
Another restraining force is time, which is the need to complete business changes within a certain period.
Managers as a restraining force
Managers act as the representatives of the owner and have a vested interest in the organisation. They may refuse to introduce or implement changes that they do not support or that threaten their position.
Employees as a restraining force
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.
