TOPIC 2: BUSINESS MANAGEMENT
Management and change
Responding to internal and external influences
Managing change effectively
Managing change effectively
- identifying the need for change - business information systems
- setting achievable goals
- resistance to change
- management consultants
Responding to internal and external influences
REMEMBER THIS FROM TOPIC 1?
influences in the business environment
external influences – economic, financial, geographic, social, legal, political, institutional, technological, competitive situation, markets
internal influences – products, location, resources, management and business culture
THINK about the following influences (if multiple people playing, share them around):
How do these influences affect businesses?
How do people react to these influences?
Who resists this change and why?
Who is likely to embrace this change and why?
influences in the business environment
external influences – economic, financial, geographic, social, legal, political, institutional, technological, competitive situation, markets
internal influences – products, location, resources, management and business culture
THINK about the following influences (if multiple people playing, share them around):
- Economic influence
- Technological influence
- Competitive situation
- Social influences (environmental concerns)
- Management style and business culture
How do these influences affect businesses?
How do people react to these influences?
Who resists this change and why?
Who is likely to embrace this change and why?
Managing change effectively
INVESTIGATE a company that has had to go through change and how they may have managed it OR for something a little easier, consider how schools adapt to technological change. What goals have been set? What resistance has there been and how has it been managed? Have consultants been used to help the change? Ask your teachers.