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old31 old31
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4 years ago
In a short essay, identify and discuss two external forces that bring about the need for change.
Textbook 

Fundamentals of Management: Essential Concepts and Applications


Edition: 9th
Authors:
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kelly.annekelly.anne
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4 years ago
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(any two of the following)

The external forces that create the need for change include the marketplace, which can affect companies by requiring them to constantly adapt to changing conditions as new products and rivals appear on the scene. For example, a new rival in the marketplace that features lower prices may cause a company to change its production processes. Another example is a new product that comes on the market may cause one of a company's key products to become obsolete. The company may then choose to innovate and develop new products to compete with the new product.

Governmental laws and regulations are a frequent impetus for change. Companies must adopt new policies and procedures to deal with laws that are involved in such concerns as pollution, safety, diversity, and compensation. For example, a new safety law may dramatically alter the design and production of a new bicycle helmet that a company makes.

Fluctuation in labor markets can often force managers to make changes. Organizations that need special kinds of employees must change their human resource management activities to attract and retain skilled employees in the areas of greatest need. For example, if the market suddenly experiences a shortage of highly skilled technical workers, a company may need to change its hiring or compensation practices to make sure it can secure the employees it needs.

Technological forces can also cause companies to make enormous changes. For example, a small publishing company may now find it possible to do its own production in-house rather than farm it out to vendors. This would require the hiring and training of new staff and the purchase of new facilities, and it would also require managers to learn new skills and techniques.
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