changing environment

Question 1

when does change occurr

Answer 1

if a business alters its size, structure or strategy to respond with internal or external influences

Question 2

what is internal change

Answer 2

change that happens within the buisness

Question 3

what is external change

Answer 3

change from outside the business

Question 4

what is incremental change

Answer 4

change that is implemented over time with a number of small changed

Question 5

what is disruptive change

Answer 5

change that is rapid and unexpected

Question 6

explain lewins force field analysis

Answer 6

there is two opposing forces when change is being implemented
driving forces- those in favor of change
resisting forces- those against change
lewins model attempts to identify the balance of power between the two forces
the key decision makers and those for the change and those against it

Question 7

external changes includes PESTLE

explain what this stands for

Answer 7

political 
economic 
social 
technological 
legal 
environmental

Question 8

what is inflation

Answer 8

a general rise in prices or a fall in the value of money