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Effects of Change:
Positives:
 It may lead to competition among the workers and hence high production for the firm.
 It helps to respond to customers’ needs and needs.
 It enables the company to complete favorably in the market place.
 It leads to production of a variety of goods and services.
 It helps to determine the direction of an economy.
 It minimizes the costs of production in an enterprise.
 It may lead to employees to acquire new skills which can benefit the factory.
 It may lead to the production of quality products. This is in case modern technologies have been
acquired to be used in the production process.
 It helps to determine the economy and generation of more employment opportunities as more
products are produced, new technology introduced which may require more people to be
employed
 It leads to accommodation of business growth: As a company grows and expands, it takes
on more projects, clients, production and work which may make the company to accommodate
new workload.
 It helps to address business problems: As an organization continues to operate and the
environment it operates in continues to evolve, it may find out that one of the processes it has
been relying on no longer works as effectively as it could and hence finding a solution to it fo

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Effects of Change:
Positives:
 It may lead to competition among the workers and hence high production for the firm.
 It helps to respond to customers’ needs and needs.
 It enables the company to complete favorably in the market place.
 It leads to production of a variety of goods and services.
 It helps to determine the direction of an economy.
 It minimizes the costs of production in an enterprise.
 It may lead to employees to acquire new skills which can benefit the factory.
 It may lead to the production of quality products. This is in case modern technologies have been
acquired to be used in the production process.
 It helps to determine the economy and generation of more employment opportunities as more
products are produced, new technology introduced which may require more people to be
employed
 It leads to accommodation of business growth: As a company grows and expands, it takes
on more projects, clients, production and work which may make the company to accommodate
new workload.
 It helps to address business problems: As an organization continues to operate and the
environment it operates in continues to evolve, it may find out that one of the processes it has
been relying on no longer works as effectively as it could and hence finding a solution to it fo

S5 ENT NOTES pdf || A LEVEL ENTREPRENEURSHIP NOTES ( Preview )

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