causes and effects of change Flashcards
competitiveness
effects of changes in organisational size
growth: e.o.s, brand recognition
financial performance
effects of changes in organisational size
more investment is made
productivity
effects of changes in organisational size
firms become more productive as they grow in size
stakeholders
effects of changes in organisational size
employee bonuses, new employees are recruited
dangers of losing connections with customers as the business grows, and employees become unhappy with job changes etc
competitiveness
effects of change on poor business performance
poor performance = loss of competitiveness
productivity
effects of change on poor business performance
poor performance = low capacity utilisation and low productivity
financial performance
effects of change on poor business performance
liquidity problems - reduction in cash flow etc
stakeholders
effects of change on poor business performance
staff have low morale and there is a risk of redundancies
transformational leadership
where new leadership like a CEO brings about change with the purpose of improving business perormance