Employees: The employees of the organization are also one of the key stakeholders in this process. They are the people who have to adapt to these changes and help in the implementation of the change. The employees who understand the reason for the changes help a lot in the bringing about those changes (Markus, 2004). They are motivated and hence try to give their best performance for the growth of the business.
Suppliers: Last but not the least the suppliers are also one of the stakeholders in the organization who get affected by these changes. This means that if, due to the change, any new supplies are required or any supply has to be discontinued then the suppliers should be told in advance so that they could manage the situation effectively.
The changes in the organization do have a direct impact on the shareholders too; hence if they would not be able to make the required changes, the shareholders and the investors will lose their money. This will give a bad reputation and a bad name to company in the market (Piderit, 2000).
If the required changes are not made in the business, the company becomes stagnant and does not expand. The employees are bound to do the same kind of work again and again; due to this the work becomes boring and monotonous. This might lead to increase in the iteration rate which would severely harm the company as the skilled labour would start leaving and joining other companies. Even if the employees do not leave their productivity and motivation level would be very low and they would not have any new and challenging role to look forward to. Hence, it is seen that the business which do not change according to the market requirement face lots of negative consequences.