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social and economic changes

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What are some social and economic changes that effect an organization?

What is HR's role in forecasting and managing planned and unplanned change?

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Solution Summary

This solution discusses some social and economic changes that could effect an organization.

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Some of the social changes that can affect an organization are:

1) Changes in social status of consumers, such as those related to rise/decline in income levels

2) Changes in preferences of consumers in the society, thereby favoring some businesses and negatively affecting others. ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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