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External and Internal Factors

In: Business and Management

Submitted By lakegirl75
Words 1623
Pages 7
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, difficulties, prospects, and dangers that are part of an organization venture. The goal of the organization is to be capable of identifying the internal and external factors that are either positive or negative to achieving the tasks or goals. This study is imperative because without it the organization may not be able to successfully achieve their goals. The internal factors may can be seen...

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