Managers Must Plan For Changes In The Environment

Business Essay Question: Managers must plan for changes in the environment in which the business ope appreciates. The business environment is a dynamic one; it is constantly changing. When considering change, managers must consider the apprehension on of change on all stakeholders. Describe: personality and witnesser of change Explain: How change can be managed in a socially responsible manner outdoor(a) Sources of form include: world(prenominal)/International changes include the change in engineering (e.g. the internet has allowed easy access to markets all e trulywhere the world). Customers want the akin product (standardise, dont pay off time differentiating). domestic/National changes include the need for kick downstairs quality and jimmy; products need to be environmentally matey ascribable to more activists and the rise in environmental safety. Consumers accept a bulky variety of products and atomic number 18 lately becoming health certified which requires businesses to adapt to the routine trends. Economic allow for affect favourableness levels for businesses. Changes in the preservation (rescissions/booms) ordain have a groovy impact on inn including the confidence of consumers and how certain they are spending, the employment rate of the country, people wont want to invest due to worries of heavy loss (rescission), the profitability of a business and inflation.

many older businesses may not pick out with the technical change in todays society and will be crushed in the now cyber market. Although technology gives us growingd reliability, decrease in staff c osts, increase quality of products (machine ! made) and is very efficient and productive there is besides the downside which include the costs, maintenance, re-training employees and redundance payouts. Some consumers want to stick with trends and hammer statements, for example almost people what to eat healthy and some want the up-to-the-minute technological items. Businesses which meet these needs will be go off than ones that dont. Internal Sources of Change include...If you want to flummox a full essay, order it on our website: OrderCustomPaper.com

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