Negative impacts on the effects of change o stakeholders

Question 1

owners

Answer 1

-Owners (particular shareholders) may not be comfortable with the change. And sell their share of the business

-Owner may lose tier business, or shareholders will loose value.

Question 1

manager

Answer 1

-A manager might be uncomfortable using a different management style or skills and find the change stressful.

-Managers may lose their job in a restructuring or downsizing

Question 2

employees

Answer 2

-employees are often made redundant due to mergers, the colsure os some business areas of intro of new tech. These employees loose their incomes and must find new work

-Are usually needed to learn new skills as part of the change and often change in the business where they work and their condition can be stressful.

Question 3

Customers

Answer 3

-some customers recent changes of products cuz they feel that the new products do not meet their needs

-sometimes change means customers find ti harder to access products, such as when branches move to online services

Question 4

Suppliers

Answer 4

-If a business changes it products then supplier swill loose sales as the business find new suppliers

-Suppliers find it more $$ to deliver inputs if business interrupts means less notice of orders or if just in time mean smaller order more often.

Question 5

General Community

Answer 5

-if a business close a site then whole community suffers as employees stop spendin monay and other local business can no longer survive.

-local communities can suffer for increased trafic, pollution and noise if business operations are changed or expanded.