Driving forces

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12 Terms

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Owners

Interested in sucess of the business from a financial and personal reputation standpoint. They are a major dirving force for change, as they want to improve their ROI.

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Managers

Interetsed in sucess of the business from a job security, fancial and personal reputation standpoint. Likely to be a major driving force for change.

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Employees

Interested in the sucess of the business from a job security, financial, career development and personal reputation position.

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Pursuit of profit

Driving force for change that drives all businesses

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Reduction of costs

To improve profit through reducing expenses.

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Competitors

They can drive change if competiroes in the same market are changing and gaining an advantage, increasing their market share.

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Legislation

Laws and legal regulations a business must follow. Abusiness may be forced to change if new legislation is introduced

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Globalisation

The increase in global trade, communication, and transportation on a global scale creates many drivers for a business to change.

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Technology

New technologies can be introduced to help improve many aspects of a business’s operations, i

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Innovation

the process of altering and improving or creating new products or procedures.

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Societal attitudes

The collective values, beliefs, and views of the general public.

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