Business and Administration L2 Unit 5

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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: Evans Osei 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. Answer: Below are the reasons why changes happen in a business environment. a) Technological Factors- Technology can have a great impact on a business to make changes within its environment. For instance if there is a newer version of a software or an equipment which works perfectly and more effectively than what a business is using, there is a high probability that, the business will change to using the newer version, in order to have quality products or outcome. For example, a secretary using Microsoft office (Word) would prefer to use the 2007 and or 2010 which has more features as compared to that of 2003. b) Social Factors- A business will be pressured to make change to its way of operating if the society or consumers preferences changes as well. For example; if company A is selling a product, 2 for £1 and compnay B selling the same product, 3 for £1, consumers will prefer buying from company B, which will put pressure on company A, to either decrease its price or add more
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