The 57-year-old believes that the Reds need to gain more stability in order to attract players in the future and push for promotion to the Premier League.
"The new Forest owners have had six managers in such a short period of time,” Lawrenson told BBC Sport.
“I wish Dougie Freedman all the best, and he was out of work so it's understandable that he'd take the opportunity, but is the Forest job a good one anymore?
"The owners need to start to look long-term. They need a plan, need to invest in managers, and the current instability puts off potential new signings.”
Lawrenson made his comments before Forest’s clash against Brighton & Hove Albion away from home in the Championship, which ended in a 3-2 victory for the Reds.
Forest are one of the biggest clubs of England, but at the moment they seem to be struggling to return to the Premier League.
Although the Nottingham-based outfit started the season strongly under Stuart Pearce, results started to deteriorate from December and the Englishman was sacked as the manager earlier this month.
Dougie Freedman has been appointed as the new boss, but it is highly unlikely that he will be able to take the team to the playoffs this season.
Forest also have a transfer embargo on them, although there are still some very good players in the team.
While one can understand Lawrenson’s concerns about Forest's long-term future, Al-Hasawi does indeed seem to have the club’s best interests at heart.
Perhaps some of Al-Hasawi’s decisions have not been great, but he does want to take the club back where it belongs: to the Premier League.