Unit Four: Principles of Supporting Change in a Business Environment

Unit four: Principles of supporting change in a business environment


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Please note that this Assessment document has 3 pages and is made up of 3 Sections.

Name: Richard Jervis

Section 1: Why change happens

This section will help you to evidence Learning Outcome 1: Understand why change happens in a business environment.

|Learning objective                                                                           |Place in Assessment                               |
|1.1 Explain reasons for change in a business environment                                     |Question 1 Page 1                                 |

1. Explain why change happens in a business environment.   You should include at least three reasons in your answer. [1.1]

Change has to happen for a business to evolve.

A PEST analysis is a business tool -


Political - Legislation changes can affect a business and the way it works, as can International policy for example, a change in a law could have consequences for the business in that it changes import laws, so any stock that you import, may be affected so you have to source the goods from elsewhere.

Economic - Your product no longer sells, you competitors are pushing you out of the market. You need to change the way you produce the goods or your pricing. This could also be because of over production which may make you reduce your prices to sell...