CHANGE

Question 1

What are the two types of change in a business?

Answer 1

• internal ( desire for increased profitability or growth).

- external (competitive pressures or environmental change).

Question 2

What pressures of change do small businesses have?

Answer 2

• owner will lose control.

- harder to make rapid decisions and respond to changes in environment.

Question 3

What pressures of change do non-profits have?

Answer 3

• reliance on public donation.

Question 4

What pressures of change do medium businesses have?

Answer 4

• may become impossible to control every aspect.

- may need to recruit new managers.