key factors in change 2 Flashcards
1
Q
what is a step change?
A
- significant and occurs rapidly
- often when a business is struggling
2
Q
drawbacks of step change
A
- may see strong opposition
- creates high stress
3
Q
what is incremental change?
A
- small regular changes
- not obvious
- little resistance
- goes with strategic development of the business
4
Q
drawbacks of incremental change
A
- significant change takes longer
- the risk of losing competitive change
5
Q
what is disruptive change?
A
- change in the market
- political = Brexit
- booms/recessions
- trends
- environmental
