U4-Assessment-Supporting Changes Essay

1330 Words6 Pages
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: Tracy Mckoy 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 for your answer. [1.1] Within a business organisation, there are various factors that can influence changes in a business environment, for example, there are external pressure and internal demands. Those influences can be measured by using the PEST analysis acronym that is the Political, Economic, social and technology. Political - government policies changes cannot be ignored or overlook, the reactive changes can create pressures for an organisation to adapt and make internal changes. Otherwise, they can face a fine or prison. For example, if a company is paying an employee of their minimum wages, the company would be
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