business 3.6 Flashcards
(10 cards)
What are some internal causes of change
change in business size
poor performance
new ownership
transformational leadership
business restructuring
What are some external causes of change
changes in market
social change
political change
economic change
technological change
legal change
environmental change
What parts of the business will change effect
competitiveness
productivity
financial performance
stakeholders
what is change management
involves the identification, orginisation and implementation of new methods of working to a business
What are some factors that determine the success of business change
pace of change
resistance to change
orginisation size
orginisational culture
What is scenario planning?
process of anticipating possible changes in a businesses situation(risk assessment) and devising ways of dealing with them(risk mitigation)
What are some common hazards in risk assessment
natural disasters
IT systens failure
loss of key staff
What is a business continuity plan
Sets out how a business will operate following a serious incident or disaster
What are the stages in the business continuity planning process
risk assessment
impact analysis
strategy developmeny
plan developmeny
testing and training
maintanence and review
