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Change have a high cost; however convincing owners/shareholders to change is very critical and a distinction of change success. These owners/shareholders are seeing a thousands of organization doing good business and earning high ROI's without paying this high cost and taking the risk of change!
The world is going ahead, changes in everywhere because of new demand is created. So to sustain with this situation positive changes are required.
Well, change is the only thing which is constant.Everything changes with time and circumstances.
As human species we always want changes and new things in life, otherwise, life will get bored at a point. But we never wanted to change our selfs ... Well this is the problem with CHANGE as a fact.
We need changes in order to inject flexibility, adoptability and efficiency into the business environment. People get bored by the routine mechanical process. Changes also bring new ways of learning and motivation. Change is inevitable anyway. As life is not static, the sooner the better.
Change is needed in order to improve and keep in par with others
Change is the only constant in the world. Everything changes at sometime.
In the Business we need to plan & forecast - Risk Management. To remain competitive or leader in the Market We need to develop Strategies to be Pioneer in the Market.
Change is un avoidable circumstances, which can not be avoided, but to explore more things , the change is required.
Change is not a purpose or objective, we do change management techniques to reduce any negative impacts that may resulted from the change whenever we have situation includes new change either in the work process or technology.
If we talk about this era, Change is much important as technology is being changed day by day. people are adopting multi-cultures very rapidly through social media and internet facilities. Change in a cultural Organization plays a bug role. As for Saudi Arabia, almost every Organization have employees from different regions and countries who have different cultures. Organizations should change its Criteria according to employees it hires. traditional ways are too boring. it is not neglected that there are thousands of success stories with no change but change keeps employees motivated and let them enjoy their work at same positions. i would like to refer you an article "Leading a Culture of Change and Innovation by HrabowskiIII". please do read it to clear your answer in more descriptive way.