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: Section 1 – Understand why change happens in a business
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. Section 1 – Understand why change happens in a business environment 1. Explain why change happens in a business environment.
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.
Describe who or what will be impacted by the policy idea (consider the people who engage in the behavior targeted by the policy, law enforcement agencies, businesses that may have to make changes to comply with the law, etc.). Discuss the costs and benefits of the policy idea. Costs: Benefits: What is your recommendation on
The driving forces that are currently affecting the payday lending industry are entry or exit of major firms, regulatory influences and government policy changes, marketing innovation, and lastly changing societal concerns and attitudes. The entry or exit of major firms can change a firm’s profitability especially the three main pay day businesses that are present. Regulatory forces heavily influence the pay day industry because they need to adhere to the law and presenting themselves in accordance to regulation in order to avoid penalties (if
Ensure information is up date and secured from a reputable source are the only ways you can be sure of its validity. Gathering raw data instead of correlated data can also prevent bias. Methods of collection are: * checking research provided by others * checking written material including referrals and client files * classification tools * individual research * information from other organisations * interviews with colleagues/customers * observation and listening * previous file records old information Outdated information gives misleading and in accurate facts which could have a huge impact on decision making. This information is only useful when looked at in conjunction with new facts and figures as part of a reflection process. It could have huge financial implications for businesses and presenting this misinformation to others could also mean damaging you reputation interpersonal skills Using interpersonal skills can be a very powerful method of collection especially in the workplace where it can help you to save time.
Please remember to SAVE this document to your computer or “My Documents” on your computer. 6. Submit the saved file to your “Assignment Drop Box”. | Tips for answering questions: | * Read the question more than twice, if necessary, to make sure you understand what you are asked to do. * Find the key words in each question and construct your answer to address those
While it is important to recognise that firms are different, and have different resources, this is not to say that the market is not also important. The challenge is to identify opportunities in the market that are relevant to the resource base of the firm. Conversely, resources need to fit with their environment to deliver competitive advantage. This could be viewed in a Darwinian sense, in that the firms that have the resources best suited to the market are likely to perform the best. Markets change, however, so this means that firm’s resources also need to change over time to continue to be relevant to the marketplace.
To maximize profitability among competitors, an organization might need to realign its business lines by centralization or outsourcing. Wherever there is change, there is resistance. Resistance to change stems from human characteristics such as perceptions, personalities and needs. Change can be frustrating if it is perceived as disruption to routines or status quos. This is threatening because it creates a fear of the unknown future as well as failures.
This would encourage public involvement in politics and act as an improvement to our democratic society. If people know their rights and freedoms and understand how the government works it would dissolve the problem of political ignorance and apathy. This argument shows that a codified constitution is of greater benefit than an uncodified constitution because it will lessen political apathy, however, one could argue, how much better of an understanding would the public have of politics if the constitution was codified than if it was uncodified? Our basic rights and freedoms are common knowledge, and our human rights are codified as they are part of the EU which has a written constitution. Manifesto’s for political parties, such as Labour, are also written and campaign projects clearly set out