Organizations are just like weather in most parts of the world. If its stakeholders does not like it, wait some time, they will change. Organizations throughout the globe, for better as well as for worse, have been reengineered, restructured as well as reorganized. Whether this change in organizations occurs during growth or merely out of survival, one thing is permanent and certain- organizations do change. The different stakeholders in the problem are the employees, management, suppliers, customers, promoters, government and the environment. The interests of profit making stakeholders are interlinked in the issues. Except government and environment and environment all the other stakeholders are interlinked with the common objectives. Management studies have seen many control theories evolving through the turbulent socialist and capitalist decades of the previous century. Both leftist and rightist ideologies had an influence on those theories as well. In the 19th century, there had evolved, a few organizational models of market socialism, in which the enterprise is controlled by a group of people based on ideals like democracy, freedom and equality (Roosevelt and Belkin, 1994 298). Such experimentation with community models had influenced the mainstream management thought process as well. Till then, a standard capitalist enterprise was