5.3.2

Key Factors in Change

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Key Factors in Change

Businesses may face difficulties when implementing change. Businesses must consider several factors which can impact whether any change is successful.

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Organisational culture

  • The business’ current organisational culture may impact whether any change is successful.
  • Business change is likely to be challenging if it involves cultural changes. A business' culture involves all the people and their combinations of values, beliefs, and attitudes. These can be hard to measure and predict.
Illustrative background for Size of the organisationIllustrative background for Size of the organisation ?? "content

Size of the organisation

  • The size of the organisation may impact whether any change is successful.
  • Business change is likely to be challenging if it involves large organisations as these businesses have large workforces and communication can be slower.
Illustrative background for Time and speed of changeIllustrative background for Time and speed of change ?? "content

Time and speed of change

  • The time and speed of change may impact whether any change is successful.
  • Business change is likely to be challenging if time is not taken to consult with all business stakeholders and if business leaders rush the process without consulting and considering their different options.
Illustrative background for ResistanceIllustrative background for Resistance ?? "content

Resistance

  • Managing resistance to change is vital for businesses that are implementing change.
  • Businesses must try to minimise resistance to change from employees if any change is to be as successful as possible.
  • The merger of Fiat and Chrysler is often given as an example of a bad cultural fit between 2 businesses.

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1Exploring Business

2Marketing Campaigns

3Business Finance

4International Business

5Principles of Management

6Business Decision Making

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