Change - Causes and effect of change Flashcards
1
Q
define change?
A
when things are done differently
2
Q
what are the internal causes of change?
A
- objectives
- personnel
- skill levels
- finances
- innovation
3
Q
how are objectives an internal cause of change?
A
change as business grows
e.g. survival –> profit
4
Q
how are personnel an internal cause of change?
A
losing staff with always change how a business runs
similarly hiring new staff will bring in new ideas
5
Q
how are finances an internal cause of change?
A
new procedures, products or legislation may need long-term investment or financial changes to make profit
6
Q
how is innovation an internal cause of change?
A
may develop new products which call for changes e.g. new staff to make them, extra finances, etc.
