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R1 - Business Context - Coggle Diagram
R1 - Business Context
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R.1.7 Factors that drive change and a range of methods organisations can apply in response to change
Internal factors
Factors such as Restructuring, Expansion/growth, downsizing and new strategic objectives are all factors that may drive a business to change
External factors
Factors such as political, economic, social, technological, legal/regulatory, environmental and competitors are all factors that may drive a business to change
Methods to respond to change
New or amended
New/Improved digital systems
Training needs analysis
Restructuring or priorities and resources
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R1.1
Types of stakeholders
Internal
These stakeholders work directly for the company and influence the company into rising or going down
External
These stakeholders are people/organisations that don't have a direct relationship with a business but are impacted by it
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