Question DetailsNormal
$ 20.00
In order to manage change, we must understand what factors
- From Business, General Business
Question posted by
- Tutor-571
- Rating : 51
- Grade : A+
- Questions : 1
- Solutions : 5085
- Blog : 0
- Earned : $6352.87
- In order to manage change, we must understand what factors or forces influence change or bring about change. Your textbook lists some 7 forces that change how businesses operate. Consider the 7 factors or forces listed below. Take each factor and give a "real world" example of how that particular factor has created the need for change in a company or organization or how this factor might create the need for future change. For example, wireless communication is an example of a technological advancement. Wireless makes files and data available to remote workers and to anyone, anywhere, any time.
- Technological Advances
- Global Economics
- Maturation of Existing Markets
- Development of New Markets
- Sociopolitical Developments
- Increasingly Intense Competition
- Increasing Influence of Stakeholders and Customers
- Another factor of change is a shortened business cycle. We are forced to bring products to market faster, to make faster return on investments, and to develop new products more quickly. In one paragraph, explain why a shortened or shrinking business cycle would create problems for many firms.
- Service is the last activity in the "Value Chain." In one or two paragraphs, explain how service adds value to a firm's products and customers. You should use an outside resource to prepare your response.
- "Failure to anticipate and mitigate circumstances that might impede the success of change initiatives is why so many initiatives fail." From a business manager's perspective, what does this mean? In your opinion, how important is communication in a change initiative? Your response should be one or two paragraphs.
Available Answer
$ 20.00
[Solved] In order to manage change, we must understand what factors
- This solution is not purchased yet.
- Submitted On 04 Feb, 2018 06:08:04
Answer posted by
- Tutor-571
- Rating : 51
- Grade : A+
- Questions : 1
- Solutions : 5085
- Blog : 0
- Earned : $6352.87
Forces that change business
1. Tec...
Attachment
Other Similar Questions
termp...
Study Guide.docx Global Business Study Guide (1, 12, 8, 2, 9 11) In order to use this
Study Guide.docx Global Business Study Guide (1, 12, 8, 2, 9 11) In order to use this study guide effectively, answer the following questions for each competency (chapter): Competency 3004.1.1: The Rise of Globalization ...
termp...
Pacing and Study Guide.docx Global Business Study Guide In order to use this study guide
Pacing and Study Guide.docx Global Business Study Guide In order to use this study guide effectively, answer the following questions for each competency (chapter): Competency 3004.1.1: The Rise of Globalization (Chapter 1)...
termp...
Global Clinical Trials.docx Global Clinical Trials Industry In order for a new drug or m
Global Clinical Trials.docx Global Clinical Trials Industry In order for a new drug or medication to be developed and eventually introduced into the marketplace, it is necessary that the drugs go through a series of clinica...
termp...
Healthcare_Finance_HIP1_1.docx Healthcare Finance HIP1_1 In order for a healthcare facil
Healthcare_Finance_HIP1_1.docx Healthcare Finance HIP1_1 In order for a healthcare facility to receive payment for medical services, there are several stages of the revenue cycle that must be completed. The stages are prov...
termp...
Healthcare Finance HIP1 1.docx Healthcare Finance HIP1_1 In order for a healthcare facil
Healthcare Finance HIP1 1.docx Healthcare Finance HIP1_1 In order for a healthcare facility to receive payment for medical services, there are several stages of the revenue cycle that must be completed. The stages are prov...
The benefits of buying study notes from CourseMerits
Assurance Of Timely Delivery
We value your patience, and to ensure you always receive your homework help within the promised time, our dedicated team of tutors begins their work as soon as the request arrives.
Best Price In The Market
All the services that are available on our page cost only a nominal amount of money. In fact, the prices are lower than the industry standards. You can always expect value for money from us.
