FACTORS THAT BRING ABOUT CHANGE

 1. Efficiency. Efficiency is defined as a technique of operation that results in

achieving the objectives in an optimum and effective manner so that resources are utilized fully and without waste.

A successful management develops methods that lead to efficiency.

These methods change with time to bring about more efficiency.

2. Environmental changes

An environment change that is relevant to management is pollution caused by industrialization and exploitation of resources. Therefore deliberate measures must be taken to improve entrepreneurial activities so that they do not cause detrimental environmental changes.

3. Social changes

These are community changes that can be brought about by growth of population, change of the needs of the community and various development aspects. As a result the entrepreneur must make changes that satisfy the growing needs of the society.

4. Competition

Competition includes those businesses that sell similar products or give similar services. If one knows his competitors, he or she can understand the business environment in which he or she operates.

This makes an entrepreneur improve his or her products or services continuously. This means quality of goods and services improve with time.


5. Change of technology

Technology is constantly changing the demands of consumers.

Businesses need new technological developments to produce new products or services. This affects the operation of businesses.

6. Change of desire

Entrepreneurs use their attitudes to control conditions. A positive mental attitude helps to focus on desired activities and events and results ones hopes to achieve.

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