Business organisation and environment

Table of Contents

1. Topic pack - introduction
2. 1.1 Nature of business activity - notes
3. 1.1 Nature of business activity - questions
4. 1.2 Types of organisation - notes
5. 1.2 Types of organisation - questions
6. 1.3 Organisational objectives - notes
7. 1.3 Organisational objectives - questions
8. 1.4 Stakeholders - notes
9. 1.4 Stakeholders - questions
10. 1.5 External environment - notes
11. 1.5 External environment - questions
12. 1.5 External environment - simulations and activities
13. 1.6 Organisational planning tools - notes
14. 1.6 Growth and evolution - notes
15. 1.7 Growth and evolution - questions
16. 1.7 Growth and evolution - simulations and activities
17. 1.6 Change (HL only) - notes
    1. Change
    2. Causes of change
    3. Resistance to change
    4. Force Field Analysis
    5. Impact of change
    6. Change management
18. 1.9 Globalisation - notes
19. 1.9 Globalisation - questions
20. Print View

Change

Businesses are dynamic in nature and subject to constant change in their internal and external environments. The rate of change is accelerating with increasing globalisation of business activity and the application of new technologies, making markets even more competitive, complex and open to new business models.

Every change is both an opportunity and a threat to an existing business. Successful businesses constantly monitor their markets and anticipate and plan for change. Unsuccessful businesses usually do not! Change is never easy to implement and manage and it is likely to be resisted by some employees and other stakeholders. Business survival, therefore, is about the management of change.

Significant change may force a business to reconsider such fundamentals as its mission and vision statements and the way it structures, manages and coordinates its operations. This may lead to a change in the corporate culture of the firm.