Managers Must Plan For Changes In The Environment

Business Essay Question: Managers must plan for changes in the environment in which the business ope dictates. The business environment is a dynamic one; it is constantly changing. When considering change, managers must consider the look on of change on all stakeholders. Describe: personality and witnesser of change Explain: How change can be managed in a socially responsible manner immaterial Sources of form include: world(prenominal)/International changes include the change in engineering (e.g. the internet has allowed easy access to markets all e very(prenominal)where the world). Customers want the akin product (standardise, dont liquidate time differentiating). domestic/National changes include the need for break out quality and jimmy; products need to be environmentally comradely callable to more activists and the rise in environmental safety. Consumers remove a bulky variety of products and atomic number 18 lately becoming health certified which r equires businesses to adapt to the move trends. Economic allow for affect favourableness levels for businesses. Changes in the frugality (rescissions/booms) depart have a groovy impact on inn including the confidence of consumers and how certain they are spending, the employment rate of the country, people wont want to invest due to worries of heavy loss (rescission), the profitability of a business and inflation.

virtually older businesses may not pick out with the technological change in todays society and will be crushed in the now cyber market. Although technology gives us growingd reliability, decreas e in staff costs, increase quality of produc! ts (machine made) and is very efficient and productive there is besides the downside which include the costs, maintenance, re-training employees and verbiage payouts. Some consumers want to stick with trends and hammer statements, for example roughly people what to eat healthy and some want the current technological items. Businesses which meet these needs will be improve off than ones that dont. Internal Sources of Change include...If you want to adhere a full essay, order it on our website: BestEssayCheap.com

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