...Internal and External Factors Trina C. Humphrey May 22, 2015. Management Theory and Practice XMGT/230 Craig Fowler In management there are four functions that managers must follow in order for the workforce too be able to produce products or services. The four functions are planning, organizing, leading and controlling. In the planning function management makes decisions about the goals and functions of an individual, a department, or a work unit. Organizing function coordinates human, financial, physical, information and other needed resources to obtain a common goal. Leading is motivating people to do the best job they can do. Leading helps to inspire the team to work towards organizational goals. Internal and external factors such as decision- making affects management are greatly influenced by the four management functions. The external and internal factors can be influenced by all four functions of the organization are required to make sure that they are properly addressing all functions in order to achieve its goals and meet targets for the success of the business. Competition is consist changing managers must take into account people and business around the world. Globalization, technology, innovation, diversity, and ethics require strategic planning in every aspect of management. Globalization is growth on a worldwide level. It is the process of integration and international influence. An example of this was when Airgas, opened...
Words: 940 - Pages: 4
...Internal and External Factors Learning Team Arib, Chuck, Caleb, Jeff MGT /230 July 14, 2013 NEO WILLAMS External and internal factors affecting any organization come in many forms and may cause major impacts to the organization in different areas. Assessing external and internal factors that organizations may face can be vital to the four functions of management. These four functions planning, organizing, leading and control are a continuous process that managers will need to adapt to ever changing environments. In this paper, the team will discuss the internal and external effects British Petroleum experiences caused by globalization, technology, innovation, diversity and ethics and how they affect the four functions of management. British Petroleum is truly a global organization with operations in Europe, Asia Pacific, the Americas, Middle East and Africa. Many internal factors since starting in 1908 have led to the company’s globalization including how the organization changes its practices to compete on a worldwide scale. British Petroleum production, product diversity, development, customer service and marketing strategies are just a few examples. Since British Petroleum inception and first drilling operation in Persia, many external factors have affected the company’s growth. Planning for such expansion does not happen overnight, but the organizational goals have remained the same. Finding the right people, gaining capital, management needed to become accustomed...
Words: 291 - Pages: 2
...External/Internal Factors University of Phoenix Management: Theory, Practice and Application MGT/330 Oren Gilbert May 29, 2011 Abstract In this paper we will analyze the functions of management at St. Jude Children’s Research Hospital. Looking at the four management functions (planning, organizing, leading, and controlling) and how the functions are affected by internal and external factors. An explanation of how globalization, technology, innovation, diversity, and ethics affect the four management functions will are discussed. Lastly how managers at St. Jude Children’s Research Hospital use delegation to manage each function (planning, organizing, leading, and controlling). As well as how each factor (globalization, technology, innovation, diversity, and ethics) is affected managerial delegation. External/Internal Factors This paper is based on the St Jude’s Children Research Hospital. St. Jude’s Children Research Hospital was started in 1962 by founder Danny Thomas. Thomas’s goals were to change the lives of all the children that would walk through the hospital doors. He created a hospital that specialized in research and treatment of catastrophic diseases and illnesses. It was not until 2005 that St Jude’s added on a massive expansion that heightened the hospitals efforts to find cures, treatments, vaccines, and rehabilitation for children. This paper will include an explanation of how internal and external factors affect the four functions of management...
Words: 2152 - Pages: 9
...Internal and External Factors Paper Lisa Sebock MGT/230 April 13,2015 Brandon Fowler Internal and External Factors Paper Internal and external factors of an organization affect the four functions of management. Management is essential to an organization and keeps the company going in an orderly function. The internal and external factors such as globalization, technology, innovation, diversity, and ethics impact the functions of management. I chose to do my paper on Gap Inc.; I have worked for Old Navy for almost a year now, and Gap Inc. owns Old Navy. I see some things in the company that are benefitting to the company and will help make the business successful. There are also some things I see that will not make the company any money but in turn down the line have the company lose profit. Sometimes an organization does not see what they are doing unless they sit back and realize they need to get involved in the business more than just inspections and an occasional email. Internal and External Factors Internal factors of the organization Gap Inc. include planning for an event or sale. Making sure that the store has the correct advertisement for an individual sale so that people will see that a deal is happening. Making sure that every store has enough products for the sale to ensure people are happy with the deal and want to come back to the store. Planning for a sale or even the holiday and making sure there are enough employees to cover each store. All of these are...
Words: 1390 - Pages: 6
...Internal and External Factors MGT/230 Internal and External Factors The four functions of management are planning, organizing, leading and controlling. First, planning helps a company accomplish strategic goals. Second, organizing makes a company or business more productive. Third, leading includes communicating and encouraging employees and getting to know them on an interpersonal level. Fourth, controlling is used to change an organization and help it grow. All four functions are essential to management and can be influenced by internal and external factors. Internal factors consist of culture, employee relation, rules and other things within the business. External factors consist of competitors, customers, and laws outside the company. Globalization, technology, innovation, diversity and ethics are crucial in every part of management. In this paper, I will explain how the four functions and internal and external factors affect Apple. I will also give a concrete example of how the four functions are influenced by globalization, technology, innovation, diversity, and ethics. Globalization is an external factor because it consists of things outside of the business walls. Globalization connects businesses around the world (Dictionary.com). Globalization allows businesses of any kind or size here in the United States to connect with the foreign business. Globalization changes the way managers plan. They now must consider a global market to get the best and cheapest product...
Words: 1287 - Pages: 6
...Internal and External Factors Paper Lakeitcha Alexander MGT/230 March 12, 2015 David Grier Internal and External Factors Paper According to Bateman and Snell (2011), the four functions of management are important key elements that are use in order to be a successful manager. These functions consist of planning, organizing, leading, and controlling. When utilizing these functions, it is important that each receive the equal amount of attention. Otherwise, managers will not provide their full potential and will not be successful. There are internal and external factors that may affect these functions in a negative or positive way. These factors are globalization, technology, innovation, diversity, and ethics. The Functions of Management The planning function is the delivery of strategic value and is the stepping stone toward success. During this process, goals that need to be met are discussed beforehand and determined how they will be achieved. Things such as analyzing existing situations, predicting the future outcome and deciding on which resources are needed in order to accomplish these goals are a few other things that are discussed during this process (Bateman & Snell, 2011, Chapter 1). Organizing consists of building an organization that is forceful. Organizing an organization entails several components that include financial, manpower, information and the resources that are needed to accomplish goals (Bateman & Snell, 2011, Chapter 1). In order for...
Words: 1083 - Pages: 5
...Internal and External Factors MGT/230 January 23, 2012 Internal and External Factors The four functions of management are planning, organizing, leading, and controlling. Planning outlines a specific goal for the company to complete. Organizing sets the company up on how the goal will be completed. Leading is done by a manager that motivates the employees to complete the goal. Controlling is done by a manager to review the progress and make any changes to complete the goal. There are internal and external factors that affect the four functions of management. A company that faces internal and external factors is United Postal Service (UPS). UPS is a worldwide shipping company that uses the four functions to develop and grow the company. Some factors that impact the development and growth are globalization, ethics, technology, innovation, and diversity. The first two factors are globalization and ethics. Globalization offers companies and organizations the opportunity to grow and see large profits, and UPS has global experience for over 80 years. UPS has an established global network in Asia, Canada, Europe, Middle East, Africa, and Latin America. A major problem for companies going global would be culture and language barriers. UPS is cultured to be aware of foreign countries customs and makes sure the people doing business have a basic understanding of how to do business there (United Postal Service, 1994). UPS is a logistics engrained company, and because...
Words: 1218 - Pages: 5
...Internal and External Factors Team G Bill, John, Gena, Squirrel MGT/230 December 5, 2011 Dr. Who Internal and External Factors Johnson & Johnson (J&J) is a worldwide business with a focus on pharmaceuticals, medical devices, and a consumer packaged goods manufacturer. Even a Fortune 500 member such as J&J operates within the bounds of the four functions of management; planning, organizing, leading, and controlling. The challenge for J&J is the same as any other major business, the continuous addressing of the internal and external factors affecting the four functions of management. Specifically the factors of globalization, technology, innovation, diversity, and ethics have on managing a business. Exploring how these factors affect the four functions of management within J&J and how the company choses to address each successfully will provide insight into the inner workings of a major corporation. Planning Simply put, planning is the management function of systematically making decisions about the goals and activities that an organization will pursue (Bateman & Snell, pp. 15-16, 2011). J&J strategic planning is set by their management team and implemented globally at more than 200 operating companies in 60 countries. In today’s technological environment, J&J is planning to simplify so the company can leverage on the diversity of developing and distributing medical devices abroad. Specifically...
Words: 1505 - Pages: 7
...Internal and External Factors Team Paper Preparing for internal and external factors play a huge role in the success of a company like Amazon. A well-implemented plan takes into account all facets, realizing them when needed. Internal factors are controllable within the walls of the enterprise such as procedures and policies, the culture of the business, and compensation. External factors define the uncontrollable components beyond the companies’ authority; competitors, the market force, regulation set forth by government agencies, the economy and customers. Internal Factors Leading Function of Management The leading function of management means to lead the organization; strategizing a continual plan that takes into account both internal and external factors for when they may need implementation. Amazon continually updates their future plans and possible markets. Amazon has not remained stagnant internally. Uniquely qualified in the internet market to sell goods they excel by leading the company to exponential growth through those opportunities. Controlling Function of Management Competent controls achieve the realization of managerial plans and strategies. The controls or policies for an organization accomplish their goals. They create the results of the organization by directing employee efforts. A breakdown in effective controls defeats managerial plans; inadequate controls have the same effect. The shipping of products offered on Amazon represents the control...
Words: 1334 - Pages: 6
...Internal and External Factors Kathy Wilks 05/18/2014 MGT/230 Most business’ have their own rules and the way they run things with their own ideas of which functions are the most important to their particular line of business. However, any business will agree that there are four functions of business that all business’ need to follow and run by. Without the use of these functions it is easy to say that the business will soon go under. Without these four functions there is no way that a business could continue to operate or be a success. Those four functions of business are planning, organizing, leading, and controlling. Planning Is basically where you are making a decision on where you want the organization to go and exactly (step by step) how you plan on getting it there. It is the key function of all four functions and you cannot move on without using this function properly as well as wisely. This function will show managers the type of challenges that face their company and require that they come up with a plan to not only forecast the future economic growth of the company but show how it will be accomplished. This is also the function in which they create objectives and set deadlines for those objectives to be met. Plans will be re-evaluated as unforeseen conditions change the steps that were first decided on. Internal factors such as technology, innovation, and ethics affect the function of planning in ways such as moving ahead...
Words: 1276 - Pages: 6
...External/Internal Factors Paper A company’s management team is impacted by the different internal and external factors that are presented. Depending on how strong the management is determines how a company pulls through with the ever-changing industry they are part of. Intel Corporation is one of these companies. Intel was “founded in 1968 to build semiconductor memory, while in 1971 produced the first microprocessor” (Intel Corporation, 2005). Being that Intel needs to keep up with the constant change of microprocessors, motherboards, and other computer and communication products, they need to have a management team that adapts to this fast-paced environment. For Intel Corporation, the three factors that influence management most in the company is the rapid change of the industry Intel is part of, the technology that is always being updated, as well as the innovation that needs imagined. Rapid Change In 1965, Gordon Moore, cofounder of Intel Corp. made the observation that processing power would double every 18 months. This is now called Moore’s law, and the implications of it are that Intel has to plan, organize, lead, and control rapid change at least every 18 months, or otherwise they will be left in the dust of their competitors. A look on Intel’s web page will show that Intel is not sitting idle. Intel has several plans for the future that not only includes new processors, but chips for wireless technology, higher security technology, and several others. A check...
Words: 902 - Pages: 4
...Internal and External Factors Latonia Parker MGT/230 April 13, 2015 Kensinger Internal and External Factors Planning, organizing, controlling and leadings are the four main functions of management, which are affected by internal and external factors. Internal factors are business events that happen within the corporations while external factors are business events are carried outside the actual corporation. Planning involves setting goals and outlines for the direction of the company. Organization happens as the company goes about achieving these goals that were planned. Leading is important to management because leaders are needed for success. The leaders of the company must train and motivate employees to reach the company goals. Controlling plays a major roll by having a say in the direction your company goes. Other factors that affect the four main functions of management are globalization, technology, diversity, innovation, and ethics. These factors affect the four functions of management by influencing the decision making process that occurs within management. Globalization Globalization is an external factor because this event takes place outside the actual corporation. This event is described as the spreading of businesses and technology throughout the world. For example, The Coca-Cola Company began in the state of Georgia. Since its introductions to the world in 1886, Coca-Cola has expanded and coke products are now in over 200 countries...
Words: 1040 - Pages: 5
...Success In Business Despite The Factors (Name Here) XMGT/230 March 24, 2013 --Update date Fernando Gutierrez ---Your Instructors Name here Abstract Organizations succeed by exercising the four functions of management: planning, leading, organizing, and controlling. Without these factors the chance for success is almost impossible. Added factors contribute to the nuisance of competing in a global market. Such factors include globalization, technology, innovation, diversity, and ethics. Knowing the internal and external factors as a manager can make the difference between success and failure of a business. Managers should be flexible when making decisions within an organization. Taking the time to weight the pros and cons of a decision can allow planning and implementation of control factors. Ulen (2010) stated, “two vital internal factors for identifying and responding to change are prudent: discernment and flexibility” (para. 8). The organization I have selected...
Words: 1002 - Pages: 5
...External/Internal Factors MGT/330 March 26, 2012 Jack Adamchik Abstract In this paper we will analyze the functions of management at Facebook. Examining the four management functions (planning, organizing, leading, and controlling) and in what way the functions are shaped by internal and external factors. How do technology, innovation, globalization, ethics, and diversity impact each of the functions of management? Finally an explanation of how delegation is used by individuals in the managerial position in the function of management. These are the questions that are going to be answered in this paper. External/Internal Factors Every business follows the four functions of management. These four functions in conjunction with internal and external factors can cause a business to be successful or cause a business to be a failure. There are a variety of internal and external factors that a business considers in its daily operations. These factors are extremely useful when considering the future projections of a business. Facebook is an organization that uses the SWOT analysis once the internal and external factors are determined. This type of analysis will help executives formulate strategy for the organization and aid in future projections of the organization. Internal and external factors shape the four functions of management in the SWOT Analysis in Facebook. This plan is a strategic planning implemented so that an evaluation can be made of the assets...
Words: 1623 - Pages: 7
...External and Internal Factors External and Internal Factors Business organizations strive to be the best at what they do; however, to be the best, organizations must have good managers who understand how internal and external factors affect business operations and adjust accordingly. Business managers consistently use the four functions of management: planning, organizing, leading, and controlling, but the best managers understand how internal and external factors affect these four functions of management. Globalization, technology, innovation, diversity, and ethics are some of the internal and external factors that can and do influence routine decisions managers must make while planning, organizing, leading, and controlling their respective businesses. Managers also use delegation to manage the different internal and internal factors and the different management functions. Founded in 1976 in a garage behind a house, Apple Inc. through the visionary leadership of Stephen P. Jobs revolutionized the computer industry before his resignation in 1985 in large part because of his inability to respond to internal factors that should have affected his management decisions (Pollack, 1985). Over the next 10 years Apple struggled to maintain market share until Jobs returned and revolutionized the company again by deftly responding to external and internal factors to reinvent the Apple brand and return it to prominence by making products better (Bajarin, 2010). External and Internal...
Words: 1634 - Pages: 7
