Business and Administration Level free essay sample

Political factors, examples include; Government (policies, regulations, grants and the government as a client or customer), International (conflict, political change, pressure groups and trade policies), Legislation (domestic, European, future legislation, and international legislation). Economic factors, examples include; Domestic (competitors behaviour, economic performance of businesses in the UK, trends, tax and interest rates), International (competitors behaviour, economy, economic trends, tax, interest rates, exchange rates and trade issues). Social factors, examples include; Advertising and PR, brands and image, consumer attitudes, consumer buying preferences, demographics, ethical issues, events, media views. Technological factors, examples include; Ability to install new technology (and of competitors to do so), emerging new technologies, funding for technological research, development and implementation, intellectual property rights, technology legislation and the technological life cycle. Section 2 – Understand the purpose of supporting change in a business environment 1. Identify the main reasons for reviewing working methods, products and / or services in a business environment. In a business environment nothing stays the same and therefore it is likely that there will be continual review of the working methods, products or services to ensure that they are still suitable and efficient. We will write a custom essay sample on Business and Administration Level or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page A company will want to review its services and products so that it keeps up to date with the expectations of its customers. This will ensure the company can stay competitive and/or meet its targets/objectives. A change to a service or product offered by the company could mean that related procedures need to be reviewed to ensure they are still correct. You will find that in most businesses there is a continual process of reviewing the working methods or services, making changes to improve them, reviewing these changes and then making further changes. 2. When a business is going through change: a) Describe the different types of support that people may need. Different types of support that people may need when a business is going through a change can consist of; Planning: This is important so that everyone in the business knows what is happening and when, Participation: It is important to let employees get involved with the changes if possible, Communication: This is important so that everyone in the business knows what changes are being made, what to expect from the changes, how the changes will effect them and their colleagues, why the changes are happening. Training: It is important to let employees get the right training and knowledge to work effectively with the new changes that are put in place. b) Explain the benefits of working with others. The benefits of working with others when a business is going through a change are numerous, employees may become more energetic, more likely to learn new information, more sociable with colleagues, employees feel encouraged and it helps employees feel less isolated. Section 3 – Understand how to respond to change in a business environment 1. In relation to your current business environment (or one that you are familiar with): a) Explain why you should respond positively to changes in working methods. Responding positively to changes in working methods reduces any difficulties that may arise, which in turn helps the change to progress on time without disruption, it helps smooth the transition in the changes that are being implemented, everything can progress faster. ) Explain why you should respond positively to changes in products or services. Responding positively to changes in products or services reduces difficulties from the product or service, which in turn helps to progress on time or faster without disruption, it helps smooth the transition in the changes that are being implemented. c) Identify ways of responding positively to change. Ways to respond positively to change can consist of; A willingness to learn, this can include new skills and procedures. A willingness to teach, this can include the sharing of knowledge, skills and experience with others who do not have them. A willingness to solve problems, this can include finding a solution and implementing it. Maintaining a positive outlook, this can include doing the best you can in the circumstances that are presented.