The Nature of Organisational Change (Mod 5 Case Leadership and Change) Essay

The Nature of Organisational Change (Mod 5 Case Leadership and Change) - Essay Example These include shareholders, customers, suppliers, employees, societal groups as well as communities which are concerned with the legal and natural environment in which the business operates. The stakeholders have keen interest in the moves of the organization as they are positively and negatively affected by them. Stakeholders such as investors have put their money into the business and therefore, it is their right to stay informed on how the company is progressing and of course up to date knowledge of dividend/profit generation. Any decision that lowers the profit yield would never get appreciation from shareholders. Employees are the ones who work devotedly for the company to make a living; they have the right to know in what direction the company is going because they are concerned about securing their future. Before actually introducing change into the organization, the engagement and approval of all employees is essential so that they could work with motivation and commitment and demonstrate no negative productivity. In the same manner, the customers, who are the end users of the company’s products and services, must be educated about the strategic decisions of the organization. The reputation of any business lies in the hand of its customers. If any business is unable to deliver the promised value to its customers, it will lose its credibility and loyalty which would ultimately affect the financial performance. Suppliers are integral to the success of any business. Suppliers need to stay informed about the company’s activities so that they could estimate the demand for raw material as well as promptness in payments. In the same way, environmental groups are concerned about ensuring that the businesses are operating in an environmentally friendly manner. If the environmental rules are being violated by any business, strict actions are taken which can tarnish the brand image. Every decision that the CEO of an organization makes