business change

Question 1

the concept of business change

Answer 1

refers to transitioning individual employees, working teams, functions or the whole business to a new stage of operations. changes can be widespread and impact every area of a business or be a small change in one key area. change can be a result of pressures both inside or outside the business

Question 2

change can involve

Answer 2

diversify or change products to better suit business needs
moving production overseas to take advantage of cheaper labor rates
changing motivation strategies
changing a supplier
change dispute resolution process

Question 3

incremental and transitional change

Answer 3

incremental change- a small continuous change that occurs regularly in a business
transitional- significant changes that impact the whole business

Question 4

proactive vs reactive

Answer 4

proactive- foreseeing changes in the dynamic environment an taking advantage.
reactive- letting the business environment influence change before the business makes the decision