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BUSINESS- Unit 3 > Change > Flashcards

Flashcards in Change Deck (4)
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1

what are 3 cause of change?

new technology
changes in consumer taste
legislation

2

what are 3 effects of change

lower brand loyalty
skills mismatch
obsolescent equipment

3

what are 3 management responses to change?

increased expenditure on research and development
capital investment
seek employee commitment

4

what are 3 problems associated with change

worker resistance
financial problems
lack of expertise