Types of Change

• What is internal change?

  Changes within the business
• What are examples of internal change?

  • Restructuring
  • Leadership changes
  • New products
• What is external change?

  Changes influenced by external factors
• What are examples of external change?

  • New government regulations
  • Economic change
  • Competitive pressures
• What is incremental change?

  Small, gradual changes that improve processes over time
• What is an example of incremental change?

  Continuous improvements in product quality
• What is disruptive change?

  Sudden, significant shifts that alter the market
• What is an example of disruptive change?

  Technological advancements like AI replacing manual jobs
• Is incremental change internal or external?

  Internal change
• Is disruptive change internal or external?

  External change
• Incremental change usually involves little resistance
• Disruptive change impacts the market as a whole, challenging the established "business model"