Change- Causes Of Change Adn Effects Of It Flashcards
Causes of change
Frequent change in government policy, economic situation, environmental changes, technological innovation
Internal and external causes of change
Internal- new staff, new machinery, lose or gain of another production site, increase or decrease in cash flow
External- government policies, inflation or deflation, social norm changes, environmental change
Different types of changes
Catastrophic- sudden or terrible disaster
Crisis-a sudden or creeping need for change
Contingency-in preparation for a disaster or equally bad event
Strategical-change to a important part of the business structure/operations
Tactical-oriented toward smaller steps and a shorter time frame along the way.
Operational-changes involving the way the business is ran mainly to do with the employees
Impact of drivers of change
The business environment is constantly changing, recognising the opportunities in these changes can give the business an edge over their competitors
Problems associated with change
Unable to judge the future of your decisions, juggling multiple changes can affect the performance of the business, managing teams at multiple sites can causes communication issues or conflicts of suitability
Barriers to change
Lack of proper communication/coordination, hesitation in decision making, lack of clarity, conflict of interests
Impacts of barriers of change to a business
barriers that make it difficult to implement change are usually the reasons behind the resistance to change, the business will need to overcome this in order to affectingly put in place change
Impact of change on a business
encourages innovation, develops skills, develops staff and leads to better business opportunities, and improves staff morale.