5L effect of change on stakeholders

Question 1

effect of change for manages

Answer 1

Positive
-opportunities to develop new skills or advance careers may be created by change
Negative
-increase workload can lead to stress which may impact a managers wellbeing

Question 2

effect of change on employees

Answer 2

Positive
-new opportunities and response-ability can improve employee job satisfaction
negative
- may need to develop new complex skills and knowledge to keep their job

Question 3

Effect of change on customers

Answer 3

Positive
-better product or service ( increase satisfaction)
Negative
-increasing the price of goods and services

Question 4

Effect of change on suppliers

Answer 4

Positive
-may increase the number of resources demanded
negative
-may decrease sales if the business decides to switch to another supplier

Question 5

effect of change on the general community

Answer 5

Positive
-creation of more jobs increase the employment rate and prove society well being
Negative
- decease customer traffic and sales of surrounding business if change involves a shutdown or relocation