Causes and effect of change

• • Changing internal factors such as business growth, new business ownership or internal restructuring
  • Changing external factors such as changes to the market or technological advancements
• Internal Causes of Change:

  • Change in business size
  • Poor performance
  • new ownership
  • Transformational leadership
  • Business restructuring
• External Causes of Change:

  • Changes in the market
  • Social change
  • Political change
  • economic change
  • technological change
  • Legal change
  • Environmental change
• Change can have significant effects in the business on the following:

  • competitiveness
  • productivity
  • financial performance
  • stakeholders