Change ✔️ Flashcards
What is change
the project, initiative or solution being introduced in the organization to improve the way work gets done, solve a problem, or take advantage of an opportunity.
Internal Causes for change: objectives
Businesses growing objective will change. Start of business: surviving
End of business: profit
Internal Causes for change: personnel
Changes in employees will change the running of the business. Nee ideas/ methods of working will change other employees
Internal Causes for change:skill levels
As societies attitude to education + learning it causes change in work environment. More skills needed for higher skill jobs
Internal Causes for change: finances
Finial state of the business will force changes. New procedures and products, legislation ect. May force a business to undertake large scale changes. Changes in profit influences change in work
Internal Causes for change: innovation
If the business is innovative in its market, it may develop new products that result in changes in the processes it uses or the market it supplies
External Causes for change: globalisation
Growth/change in globalisation changes the way a business acts/sells to. Growth in NEEs changes global production
External Causes for change: environment
Forces businesses to change due to environmental issues, due to change in fossil fuels effects costs of business. Changes may be due to packaging, energy efficient, recycling, production methods
External Causes for change: technology
New products, production methods and changes in info technology are significant factors in changing the business environment
External Causes for change: customer base
May be change in demographics factors that change customers needs and wants. More cultures need for culture diverse food
External Causes for change: economy
Economic impact and change in stage of economic cycle in Uk and world inflicts change in businesses
External Causes for change: competition
Businesses may have to change in response to competition. Businesses still need to be aware of their competitors actions and introduce measures to secure market share
External Causes for change: government
Gov policies can change businesses. Come in the form of legislation
What is anticipated change
Change that can be predicted which means that businesses eb respond in order to minimise the adverse effects
What is unanticipated change
Change that businesses have no control over, they require contingency plans for worst case scenarios