Which of the following is NOT an external driver of change?

Workforce diversity is considered an internal driver of change rather than an external one. Internal drivers originate from within the organization and relate to its structure, culture, and personnel. Workforce diversity pertains to the various backgrounds, skills, and perspectives that employees bring to an organization, influencing its internal dynamics, decision-making processes, and overall organizational culture.

In contrast, the other options represent external factors that can influence an organization's direction and operations. Government regulations stem from legislative actions that organizations must comply with, impacting how they operate in their industry. Competition in the marketplace drives companies to innovate, improve efficiency, or adjust their pricing strategies to maintain a competitive edge. Shifting consumer demands reflect changes in what customers want or need, which can force companies to adapt their products, services, or marketing strategies to meet these new expectations. Recognizing the distinction between internal and external drivers of change is vital for effective strategic planning and management.