Changes in organisational size, poor business performance, new ownership, transformational leadership
1 of 7
What are the external causes of change?
Changes in the market, political change, economic change, social change, technological change, legal change. environmental change
2 of 7
What are the possible effects of change?
Effect of change on competitiveness (cost minimisation, differentiation), change on productivity, financial performance, change on stakeholders
3 of 7
What are the key factors of change?
Organisational culture, size of the organisation, time and speed of change, managing resistance to change (communication, involvement, negotiation)
4 of 7
What are the key risks a business might consider?
Natural disasters, IT systems failure, loss of key staff
5 of 7
What does mitigating risk mean?
Taking actions that will reduce risk
6 of 7
How can a business mitigate risk?
Business continuity (planning to restore things to normal) Succession planning (Thinking hard and planning ahead for when a leader leaves and must be replaced)
7 of 7
Other cards in this set
Card 2
Front
What are the external causes of change?
Back
Changes in the market, political change, economic change, social change, technological change, legal change. environmental change
Comments
No comments have yet been made