Business Studies, asked by christpromise15, 8 months ago

state and explain with relevant examples the five specific forces that are acting as stimulants of change

Answers

Answered by nidaeamann
0

Explanation:

The five forces that act as stimulants of change are;

Competition

Nature of the workforce

Economic shocks

Political scenarios

Technology

All these factors start the process of going for a change. Change becomes necessary in such caseses in order to stay in the market and keep pace with the surroundings. For example, a company that makes use of technology would be more advanced and efficient in its operations than the one that uses old traditional methods

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