Change in Business (Leaving Cert Business): Flashcards
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Practise the cards
10 cards from this deck
Change management definition
Change management definition
Systematic approach to identifying & adapting to business changes
6 main sources of business change
6 main sources of business change
Technology, Competition, Law, Economics, Consumers, Employees
When GDPR came into force
When GDPR came into force
May 2018
Technology example in production
Technology example in production
Computer-aided manufacturing
Consumer trend forcing media to adapt
Consumer trend forcing media to adapt
Shift towards streaming entertainment
Modern workers' 3 main demands
Modern workers' 3 main demands
Better rewards, flexible work, decision-making involvement
Why poor communication causes resistance
Why poor communication causes resistance
Employees don't understand why change is needed
Result of not consulting employees
Result of not consulting employees
Stress and resentment
What causes anxiety during change
What causes anxiety during change
Fear of the unknown & changes in required skills
Effect of inadequate rewards for effort
Effect of inadequate rewards for effort
Motivation to embrace change decreases