Assessment 4 Business and administration
Unit four: Principles of supporting change in a business environment
Assessment
You should use this file to complete your Assessment.
The first thing you need to do is save a copy of this document, either onto your computer or a disk
Then work through your Assessment, remembering to save your work regularly
When you’ve finished, print out a copy to keep for reference
Then, go to www.vision2learn.com and send your completed Assessment to your tutor via your My Study area – make sure it is clearly marked with your name, the course title and the Unit and Assessment number.
Please note that this Assessment document has 3 pages and is made up of 3 Sections.
Name:
Section 1 – Understand why change happens in a business environment
1. Explain why change happens in a business environment. You should include at least three reasons in your answer.
There are few factors which constantly pressure organizations to adapt and they force change in a business environment. We can apply here PEST acronym, it means that changes in business environment happen for political, social or technical reasons.
Political changes are out of business' control. They need to adapt to the all law changes. If not, they can even be prosecuted.
Economic changes are dependable i.e. from the exchange rate due to its high influence on import and export. Economic change is also a change forced by a competition on the market. Products or services need to be competitive in price or/and quality, otherwise company will not prosper well. Social change comes from customer's attitude and buying preferences. It can be shaped by media and big events.
Technical change is forced by new technologies. To be competitive, and to be ahead of the competitors means, that company has to be up to date with modern solutions.
Section 2 – Understand the purpose of supporting change in a business environment
1. Identify the main reasons for reviewing working
Assessment
You should use this file to complete your Assessment.
The first thing you need to do is save a copy of this document, either onto your computer or a disk
Then work through your Assessment, remembering to save your work regularly
When you’ve finished, print out a copy to keep for reference
Then, go to www.vision2learn.com and send your completed Assessment to your tutor via your My Study area – make sure it is clearly marked with your name, the course title and the Unit and Assessment number.
Please note that this Assessment document has 3 pages and is made up of 3 Sections.
Name:
Section 1 – Understand why change happens in a business environment
1. Explain why change happens in a business environment. You should include at least three reasons in your answer.
There are few factors which constantly pressure organizations to adapt and they force change in a business environment. We can apply here PEST acronym, it means that changes in business environment happen for political, social or technical reasons.
Political changes are out of business' control. They need to adapt to the all law changes. If not, they can even be prosecuted.
Economic changes are dependable i.e. from the exchange rate due to its high influence on import and export. Economic change is also a change forced by a competition on the market. Products or services need to be competitive in price or/and quality, otherwise company will not prosper well. Social change comes from customer's attitude and buying preferences. It can be shaped by media and big events.
Technical change is forced by new technologies. To be competitive, and to be ahead of the competitors means, that company has to be up to date with modern solutions.
Section 2 – Understand the purpose of supporting change in a business environment
1. Identify the main reasons for reviewing working