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Q: a) Explain why you should respond positively to changes in working methods
A: Reasons for change in a business environment may include: internal factors • A business wants to reduce waste and costs • A business launches a new product • A business introduces 24-hour customer support • A business introduces [ quality management techniques external factors - Political factors Examples include: • Government (policies, regulations, grants and the
government as a client or customer) • International (conflict, political change, pressure groups and trade policies) • Legislation (domestic, European, future legislation, and international legislation) - Economic factors Examples include: • Domestic (competitors' behaviour, economic performance of businesses in the UK, trends, tax and interest rates) • International (competitors' behaviour, economy, economic trends, tax, interest rates, exchange rates and trade issues) Social factors Examples include: Advertising and PR, brands and image, consumer attitudes, consumer buying preferences, demographics, ethical issues, events, media views. Technological factors Examples include: Ability to install new technology (and of competitors to do so), emerging new technologies, funding for technological research, development and implementation, intellectual property rights, technology legislation and the technological life cycle. ]
Expert answered|kean018|Points 40|
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Asked 10/15/2012 3:49:41 AM
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