Change

Description

A level Business Studies Mind Map on Change, created by Carys Howells on 03/02/2020.
Carys Howells
Mind Map by Carys Howells, updated more than 1 year ago
Carys Howells
Created by Carys Howells almost 5 years ago
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Resource summary

Change
  1. Causes of Change
    1. New technology
      1. Change in competition
        1. Change in consumer taste
          1. New Legistlations
            1. Labour market changes
              1. Economic conditions
                1. Change in business ownership
                2. Change can be......
                  1. Internal
                    1. External
                      1. Planned
                        1. Created internally, organised structural and timetabled
                          1. Clear objectives for the changes established
                          2. Unplanned
                            1. Occurs in response to a shock
                              1. Unstructured & under-resourced
                            2. Change Management
                              1. Essentil to get right to ensure a business adapts effectively
                                1. Increased Competitiveness
                                  1. Improved financial performance
                                    1. High staff morale/ low turnover
                                      1. Theory 1- Lewin's three step
                                        1. 3. Refreeze
                                          1. Change is set
                                            1. New policies
                                              1. Training needed
                                              2. 2. Change
                                                1. Time to adjust
                                                  1. Implementation
                                                  2. 1. Unfreeze
                                                    1. Comunicate to employees
                                                      1. Invite discussion
                                                    2. Theory 2- J.Storey
                                                      1. Humane approach to managing change, focuses on commitment of staff
                                                        1. 4 key elements to minimise impact of any negative aspects and enhance positive aspects
                                                          1. Beliefs
                                                            1. Strategic qualities
                                                              1. Role of line managers
                                                                1. Key leavers
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