A Level Business Studies: Managing Change Revision Questions
Unit 10 Managing Change – Revision Questions 1. Give 4 reasons why change is important to business. Change is important because if a business does not change they are likely to lose their competitive edge and not meet the needs and wants of the customer. They would not have taken advantage of developing technologies – either administrative processes or manufacturing tasks. Customers’ needs change and this creates demand for new types of goods and services which opens new areas of opportunity for businesses that are prepared to change to meet these needs. Change has improved working conditions and job satisfaction for employees – this increases productivity. Employees can learn new skills and explore new opportunities. They can be more creative in ways that benefit the company. 2. Give an example of internal & external change Internal change could be the introduction of new technology. External change could be a change in legislation. 3. What is disruptive change? Give 3 examp...