Driving Forces

10 Driving Forces

CLEO PRIMSTG

- Competitors
- Legislation
- Employees
- Owners
- Pursuit of Profit
- Reduction of costs
- Innovation
- Managers
- Societal attitudes
- Technology
- Globalisation

What are driving forces?

forces that initiate, encourage and support the change

Driving Force for competitors

(fear of loss to a rival if the changes are unsuccessful

Driving Force for legislation (compulsory)

changes to the law that impact operational practices

Driving Force for employees

want to work in a supportive and innovative environment and free to suggest ideas

Driving Force for Owners

want the business to remain profitable and competitive for return on investment

Driving Force for pursuit of profit

the greater the profit, the greater rewards for business owners

Driving Force for reduction of costs

financial cost of operating a business can affect profit)

Driving Force for innovation

(the drive and desire to be a market leader

Driving Force for Managers

Want Job security, financial gain and personal reputation

Driving Force for societal attitudes

the need to reflect what society values

Driving Force for technology

stay up to date or risk falling behind

Driving Force for globalisation

(the need to compete with overseas businesses