KK4: Driving Forces

Question 1

Managers:

Answer 1

Make decisions about the future of the business initiating and using KPI’s

Question 2

Employees:

Answer 2

Employees drive change through their innovative ideas and are the main reason for either success or failure of change.

Question 3

Competitors:

Answer 3

It is important for a business to remain competitive which can act as a driving force if a competitor is dominating a particular market.

Question 4

Legislation:

Answer 4

Changes in federal, state or local government laws can force a business to implement changes otherwise they may face penalties. Businesses must be able to respond quickly to change.

Question 5

Pursuit of profit:

Answer 5

Profit is one of the key business objectives meaning profit gain is a major driving force in a business.

Question 6

Reduction of costs:

Answer 6

relates back to profit gain as it is the quickest way to gain profit.

Question 7

Globalization:

Answer 7

Can encourage a business to enter new overseas markets in order to take advantage of new customer bases and remain competitive.

Question 8

Technology:

Answer 8

Constant improvements in technology can initiate change as tech advances allow a business to remain competitive.

Question 9

Innovation:

Answer 9

Being able to develop new ways of thinking will allow a business to remain competitive, therefore acting as a driving force.

Question 10

Societal attitudes:

Answer 10

Businesses need to be able to keep up with the changing beliefs and trends of customers and develop new operations in order to remain competitive and risk falling behind.