The concept of change

Question 1

What is the concept of business change

Answer 1

The concept of business change refers to transitioning individual employees, working teams, functions or the whole business to a new state of operation. Business changes can be incremental which are small continuous changes that occur regularly in the business, or transformational which are significant changes that often impact the whole business.

Question 2

Business change can involve

Answer 2

• changing products to better suit customer needs.
• moving production overseas to take account of cheaper labour rates.
• changing the motivation strategies you use with your employees.
• A new manager coming in and changing the traditional management style.
• changing an input supplier.
• changing the dispute resolution process to take in employee suggestions.