Four external drivers of change

 · Briefly describe at least four external drivers of change When we talk about external drivers of change, we are referring to factors outside the organisation that are likely to influence it or impact on it in some way. These include laws and regulations, labour markets, economic changes, performance of competitors, fashion, social changes and technological advances. Laws and 5/5. Discuss four external drivers of change, which impact the effectiveness of the LUAS, as a public transportation business for Dublin. In your answer, identify which of those drivers may force the company to make major strategic changes and what the nature of those changes might be. the three critical drivers of change in the short, the medium and the long term for a variety of businesses. By identifying and exploring emerging trends, it can help accountants and business leaders prepare for an uncertain tomorrow. This report goes further than simply identifying critical drivers.

These include driving forces that shape change like technology, customer preferences, regulations, competitor moves, or supplier and sourcing instability. Disruptions are constantly challenging us to innovate and adapt. Sometimes these external changes can arise very quickly like a tsunami. Other external changes are like a slow-moving lava flow. A change driver is an internal or external pressure that shapes change to an organization. This includes change to strategy, plans, designs, products, services and operations. The following are common change drivers beginning with internal drivers and progressing to external pressures. External driving forces are those kinds of things, situations or events that occurred from outside of the company or organisation. And now we can discuss about, what are the external driving forces of a company. Economy. There is an intimate relationship between the business firm and the economic environment.

The theoretical framework is settled on four issues within Change An example of an external driver: the current crisis, an opportunity to change? These include laws and regulations, labour markets, economic changes, performance of competitors, fashion, social changes and technological advances. Laws and. External forces are those changes that are part of an organization's general and business These changes can affect four elements within an organization.