Business + Administation Level 2 Unit 4

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Unit four: Principles of supporting change in a business environment Assessment You should use this file to complete your Assessment. • The first thing you need to do is save a copy of this document, either onto your computer or a disk • Then work through your Assessment, remembering to save your work regularly • When you’ve finished, print out a copy to keep for reference • Then, go to www.vision2learn.com and send your completed Assessment to your tutor via your My Study area – make sure it is clearly marked with your name, the course title and the Unit and Assessment number. Please note that this Assessment document has 3 pages and is made up of 3 Sections. Name: Nicola Prince Section 1: Why change happens This section will help you to evidence Learning Outcome 1: Understand why change happens in a business environment. |Learning objective |Place in Assessment | |1.1 Explain reasons for change in a business environment |Question 1 Page 1 | 1. Explain why change happens in a business environment. You should include at least three reasons in your answer. [1.1] Change has to happen for any business to evolve. Political – Legislation changes can effect a business and the way it works, as can international policy for example you could no longer send arms to Syria so therefore you change your company policy to send them to France. Economic – Your product no longer sells, your competitors are pushing you out of the market. Social – Advertising no longer works, people think your product is not environmentally friendly, your company is no longer ‘trendy’. Technological – Your machinery or equipment is out of date, you need to update it to be able to stay
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