Reflection Summary:
Discuss what you learned:
We learned how certain internal and external factors affect the four functions of management within Wal-Mart specifically. Within the four functions of management, the decision making process within each step of the function is crucial to the reliability of the success of each function. The planning process function of management is also crucial. Of course plans do not always go as intended so we learned that we need to have an alternative plan in case the original plan fails. We learned how the unethical behavior of one person or group of people can negatively affect a whole organization.
What could be applicable to your workplace or personal life:
When it comes to the workplace there are internal and external factors that would affect the four functions of management no matter what company you are working for. Being able to have the knowledge of how to use the four functions of management along with being able to pick out some of the internal and external factors that could affect the functions is an asset to any company. Also being able to be prepared for change and having something ready, or a plan B, and having the prior knowledge of how to implement that plan to replace the current one is also something that any company would benefit from.
In our personal lives we are surrounded by factors both internally and externally that could alter our plans. For those of us with kids those factors are increased and usually happen more frequently. Being able to have the planning knowledge in our personal life is a benefit that affects not only us as individuals but our entire family. It would reduce the stress factor by having a plan B and already having something in place that could take the place of the original plan. For example the babysitter calls and cancels at the last minute and you have a meeting to go to