what are the causes of change in business
changes in organisational size
poor business performance
new ownership
transformational leadership
the market and other external factors (PESTLE)
what are some effects of change
competitiveness
productivity
financial performance
Stakeholders (internal)
Stakeholders (external)
what is change management
planning and implementation of change in a way that is mindful of those who will be affected by the changes
what is planned change
Refers to change which is planned by the top management of a business, proactive and long-term
what is emergent change
This is change that happens at any level in the organisation and is the result of an event or need, reactive to events, short-term
what is Scenario planning
process of anticipating possible changes in a business’s situation and devising ways of dealing with them. It
incorporates the features of contingency planning.
what are the degrees of risk mitigation
Risk acceptance
Risk avoidance
Risk limitation
Risk transference
