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Unit 10. 1 1.1 Business Environment Assignment

   

Added on  2021-01-01

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UNIT 10
Unit 10. 1 1.1 Business Environment Assignment_1

1.1 Explain why it is important for a business to changeIn the present business environment, every business wants the change. It is required forthe business because through this firm is able to gain the competitive advantage at market place.Change is necessary for company for many reasons which are mention below:If change will be happen or implement at workplace then productivity of company can beincreased. Change is helpful for business to attract the large number of consumers as well as the itenhance its market share.In an organisation, change leads to the training and also involvement of the qualified andcompetent staff members.Change can be related to the advanced technology. It is helpful in conducting thebusiness activities as well as operations in an easy manner.1.2 Positive and negative effects of change on a selected businessPositive effects of change - At workplace, if the change will be happen then there is arequirement to include the expert involvement and they will help in make improvement inefficiency and quality of work. If the efficiency of work will be enhanced, then cost and wastagewill be reduce to business hence it will also help in enhance the productivity. Through enhancingproductivity of business, company can expand its business in to other cities and countries.Enhance in the productivity will lead to be enhance in the expansion of business as well asemployment. Business expansion will lead to be enhance in the turnover that leads to enhanceprofit level of business.Negative Effects of change- In an organisation, many staff members do not like change.At the time of change, they do not take interest and also not able to perform in a better manner. Itwill develop negative impact on productivity of business and turnover of company will bereduced.1.3 Compare the risks of slow against rapid change within a businessSlow change- It refers to the change that taken more time for process of changing. So,through this, company is able to know about the changes and also determine those areas whichcan be improved through change.On the other hand, it would enable organisation to measuredeficiencies and differences in new process as comparison to old.
Unit 10. 1 1.1 Business Environment Assignment_2

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