Business 3.6 Managing Change 0.0 / 5 ? BusinessManaging Change A2/A-levelEdexcel Created by: tomstodd23Created on: 31-05-19 11:54 Changes in Organisational Size The business expands into a new international location, e.g. BMW and Rover 1 of 10 Poor Business Performance Includes poor sales, low profits, higher costs and slow expansion, e.g. Woolworths 2 of 10 New Ownership Includes merger, takeover, development form LTD to PLC and management buy out, e.g. House of Fraser. 3 of 10 Transformational Leadership Changes in leadership, personnel and ethos, e.g. Netflix. 4 of 10 The Market and PESTLE New entrants to the market and Competition leaving the market, e.g. KFC. 5 of 10 Methods to overcome resistance to a change of leadership Involvement, Support, Manipulation, Collective bargaining, Coercion (explaining the negative impacts of not adapting to change). 6 of 10 How Organisational Culture Affects Change Customs and values are embedded in the company and a new way of doing things may cause conflicts. 7 of 10 How Organisation Size Affects Change The larger the business is, the longer it takes to make decisions and therefore change may come slowly. 8 of 10 Different ways businesses deal with risk Ignore it, Reduce probability, Deflect risk through insurance, Make scenario plans, Treat risk as an opportunity. 9 of 10 Scenario Planning A form of preparation for risk which is used to look at how a business would cope in a certain environment. 10 of 10
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