All business organisations, especially entrepreneurial small firms, must cope with an ever changing business environment. However, small firms have a very limited ability in being able to control and relate to changes in the environment, although this can depend on the context of change. For example, if a major customer changes increases its order, the entrepreneur should be able to predict events and actions with regard to the timing and consequences of such a change and forecast any changes in the required resources and cashflow. Given this, the entrepreneur can undertake rational short-interval planning activity in order to underpin organisational control. However, much of the change facing business today is largely unpredictable in terms of its timing and its consequences. In other words, such change is open-ended, with it often being unclear what is changing or why it is changing. For example, the effect of the 9/11 bombing of the World Trade Centre was largely unexpected and its
Comments
We have a castrated executive
They themselves are castrated by Thatcherite legislation that Labour has never fully repealed, yet they have never mounted a fundamental challenge to this.
Much like the the Labour Party they still finance, the unions are just out for themselves. They're a total waste of time.
It's the uncertainty that scares me and with respect to all pundits including yourself Dylan, there are no answers to deal with the present. I only wish that there were, as I have just been phoning to see if one of my best mates has lost his job in Bosch.
Draig - you may be right about the unions but I couldn't possibly comment!
Ian - I remain a half full pint person and cannot believe that we are unable to deal with this.
I still believe the best way to deal with any potential future closures is to have a dialogue with ALL major employers before the decision is made to close.
I have been making this point for the last two years (see article on Hoover below) but it is still isn't happening.
This may not save all jobs but at least it may enable some of the companies to reconsider their decision, especially if European funds could be used to support training and capital investment.
Indeed, I am working on such a proposition for Saturday's Western Mail article.
We have to try everything we can because if we do not, we might as well not have any devolution for Wales.