driving forces

owners

someone who establishes and operates a business

how do owners promote change

encourage or initiate change that will improve the performance of the business so they will be financially rewarded

managers

ensures the business is improving performance and achieving its objectives

how managers promote change

act as an internal driving force for change as they have a vested interest in the business being successful

employees

responsible for achieving business objectives

how employees promote change

may initiate change that supports their role of workplace conditions such as work life balance policies

competitiors

rival businesses in the same industry

how competitors promote change

business desire to maintain a competitive advantage over competitors which is a constant driving force of change

legislation

laws and legal regulations set by the government and courts that a business must follow

how legislation promotes change

business must alter policies and practices to comply with the law, avoid penalties or business closure

how pursuit of profit promotes change

opportunity to improve financial performance of the business and increase profits will often initiate business change

how reduction of costs promotes change

if operating expenses are too high it is difficult for a business to achieve its business objective - make profit - which drives change

globalisation

increase in global trade due to improvements in communication, transport and the removal of trade barriers resulting in a single world market

how globalisation promotes change

business who don’t adjust to global conssideration may lose competitive advantage

also opens up new markets for the business to enter

technology

practical application of science to achieve a business objective

how tech promotes change

allows a business to operate for efficiently and increases competitiveness

how innovation promotes change

improving or changing an existing product/process

societal attitudes

collective values, beliefs and views of public

how societal attitudes drives change

changing opinions, values and lifestyles of society drive change in a business