Business Admin Level 2 Unit 3

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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: Jonathan Leake Section 1 – Understand why change happens in a business environment 1. Explain why change happens in a business environment. You should include at least three reasons in your answer. The Market: this could be customers or employees -- aka the market for goods and services (customers) or the job market (employees). The Economy: Changing economic conditions affect the decision-making of market participants, but not always in ways you think are predictable. For instance, a downturn in the economy might not immediately cause the market for luxury goods to go flat. Increase in tax rates would also contribute to changes which affects both the business and its customers. Technology: How quickly a company can adapt to new technology can mean the life and death of a company’s future. Not adapting quickly enough could mean they could be left behind by their rivals. Section 2 – Understand the purpose of supporting change in a business environment 1. Identify the main reasons for reviewing working methods, products and / or services in a business environment. In a business environment nothing

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