Running head: MODERN BUSINESS

Modern Business, Wal- Mart
Michael Maas, Kelli Dolego, Jason Krupa, Nick Carter III
University of Phoenix

Modern Business As many people in the modern business world are well aware there exist four major functions involved in business management. These functions are planning, organizing, leading, and controlling. There are a host of factors affecting how these functions are carried out especially in a globalized and technology reliant world. Planning itself is difficult enough in a small business setting but when taking into account a business whose assets span a global market the issues involved become compounded. Fortunately advances in technology like video conferencing, satellite phones, and the internet make communication and planning within a large infrastructure not only possible but also fairly common place. Organization across international boundaries can be challenging as well however, the internet quickly allows for emails, and video conferences to be held between executives and lower level management insuring a company’s assets stay focused and well coordinated. Globalization raises particular challenges for leadership as different cultures tend to view lead roles differently and even expect different approaches from their leaders. Some of the most noteworthy leadership differences occur between eastern and western cultures (Dickson, Den Hartog, & Mitchelson, 2003). Controlling a globalized organization is a complex process requiring attention to detail to ensure that quotas are met and performance standards adhered to. Thanks to innovations in technology this process can be partially and even sometimes fully overseen from a remote location. Technology has evolved to the point that self holographic projection is even possible, an avenue that while initially expensive will no doubt spring