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 kn...
