Business Management (Deck A)

Front

What is change in a business context?

Back

Change is an alteration in the internal or external environments, where employees are proactive rather than reactive to business situations.

Front

What is transformational change?

Back

Transformational change often results in a complete restructure throughout the whole organisation.

Front

What is incremental change?

Back

Incremental change results in minor changes, usually involving only a few employees.

Front

Define organisational change.

Back

Organisational change is the adoption of a business’ new ideas or behavior in response to internal or external influences.

Front

What are internal influences on organisational change?

Back

Internal influences include leadership/management change, organisational restructure, new processes and policies, product failure, cost-cutting strategies, and employees bringing new ideas.

Front

What are external influences on organisational change?

Back

External influences include legislation, new competitors, economic downturns, technology, and changing societal attitudes and values.

Front

How can management influence organisational change?

Back

Management can influence change by reviewing processes, addressing issues, and targeting responses to specific stakeholders.

Front

How can employees influence organisational change?

Back

Employees can influence change by expecting fair pay, proper training, ethical treatment, and contributing to innovation.

Front

How does competition influence organisational change?

Back

Competition influences change by requiring businesses to monitor competitors and adapt through pricing policies, technology adoption, and marketing strategies.

Front

How does legislation influence organisational change?

Back

Legislation influences change by requiring compliance with new laws at federal, state, and local levels.