business change- transformation kk 1 &2 Flashcards
(5 cards)
1
Q
what is the concept of business change
A
The adoption of a new idea or behaviour. The need for change can come from within or outside the business
2
Q
Examples of internal, external and global issues
A
internal- location and employees
external- the law
global issues are external and can cause supply issues
3
Q
The main reason for change
A
To gain a competitive advantage.
4
Q
what is a reactive change
A
its unplanned, already affected the business, your’e catching up, less effective
5
Q
what is a proactive change
A
A planned change that does not impact dramatically makes the business more prepared and effective. COMPETITIVE ADVANTAGE
