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Q. Discussion on the external and internal factors that are driving the need for change in...

Q. Discussion on the external and internal factors that are driving the need for change in the organization.

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Expert Solution

external and internal factors that are driving the need for change in the organization are -

External factor - social factors, economic factor, technological factor, legal factor and political factor.

Internal factor - Organizational structure, employees, labour union etc.

It is necessary to each firm to makes changes in organization according to internal or external factor as the understanding and Awareness of business environment is must for every business as ignorance about the business environment can through the business out from the market. Some of the benefits that the business can have by making change in the organization are -

1) It helps the firm to identify opportunities and get the first mover advantage in the market.

2) It helps the firm to identify the threats and get early warning signals

3) It helps the firm in buying and assembling the resources

4) it helps the firm to make improvement in their performance constantly and be stable in the market for long run.

PLEASE RATE WITH A THUMBS UP

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keosha answered 2 months ago
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