Which will have an impact on how lucrative a business is

Reference no: EM133305578

Assignment: In general, the ADKAR model does not consider elements that have an impact on businesses, such as environmental issues. Economic considerations, on the other hand, include things like interest rates and inflation rates. Social elements include demography and cultural aspects. Regulations and policies of the government are examples of political factors. Technological influences might be changes in technology or in how people use it. The management of the company has no control over external circumstances that have an impact on how the business operates. These elements may include economic, social, political, and market competition. The operations of the company may be significantly impacted by external circumstances. For instance, a recession in the economy will have an impact on consumer spending, which will have an impact on how lucrative a business is.

Reference no: EM133305578

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