Internal and External Factors - 1553 Words

Affecting the Functions of Management Both internal and external factors can affect the four functions of management differently. Some of the obvious internal factors would be such things as the company’s own strengths and weaknesses, which could include values, goals, skills, and even the attitudes of manager and the workers in the organization. Other factors can include the different tasks that the organization chooses as well as their resources and even the technology can be an internal factors. The external factors that can affect the functions of management can be very different these factors can include relevant forces outside the organization’s boundaries. Many of these external factors can be unpredictable and†¦show more content†¦Nike is sold in 40 foreign countries and has more than140 stores in the United States alone. Nike is always implementing new styles to fit the needs of the market and their â€Å"Just Do It† slogan that they became famo us for in the 1980s has proven strong within the company. If there is a shoe to be made to provide better comfort to athletes, Nike is leading the market in making new changes to make that shoe. Diversity Nike Incorporated is sold in more than 40 foreign countries and is expanding. Having such a diverse clientele means the company has to meet the demands of the consumer and provide a diverse group of employees to embody the client. Expanding to foreign markets is not always an easy transition, but with the demand on Nike, Inc to provide apparel and shoes to the Olympics, the transition was necessary. As the company continues to grow, the need to be ever changing is a must. To stay on top of the market, Nike has provided employment to a vast variety of ethnic groups to meet the needs in each of the countries Nike houses stores or factories in. Being aware of the type of consumer one may interact with helps to keep Nike ahead in the diversity department. Nike prides itself on being a worldwide commodity with the ability to provide services to foreign countries but also to meet andShow MoreRelatedInternal and External Factors1059 Words   |  5 PagesInternal and External Fact ors in Management XMGT/230 Internal and External Factors I have been in the field of property management since I began my career and I am familiar with the organizational unit of a fee-based property management company. These fee-based property management companies are hired by multi-family real estate owners to manage the apartment communities that they own. This business, like any other is subject to the four basic functions of management. Read MoreInternal and External Factors1426 Words   |  6 PagesExternal\Internal Factors Quintella Smarr, Willa Sparks, Michael Cosen, Victoria Cosen MGT\330 APRIL 26, 2012 Valerie Patterson External\Internal Factors In this report we will be discussing two of the external factors and two of the internal factors of diversity and ethics of the food giant chain McDonald’s Restaurant. We will also address the four functions of management planning, organizing, leading, and controlling and the role each plays in McDonald’s organization. The way each functionRead MoreExternal/Internal Factors1356 Words   |  6 PagesExternal/Internal Factors Dell is considered a very successful company. According to Govindarajan Gupta (2005) one of the successes is its customer-direct concept that has been practiced since the company s inception. The concept involves dealing with customers directly and not through a third party, which helps maintain the quality of the relationship with its customers and also the products. In addition, this concept allows Dell to eliminate unnecessary inventories, warehouse space and storageRead MoreInternal External Factors1176 Words   |  5 PagesInternal External Factors Paper Osvaldo Lopez MGT/230 06/17/2015 Tricia Stewart Internal External Factors All successful organizations are affected by internal and external factors. These internal and external factors have an impact on the organizations four functions of management. The organizations that better adapt to these factors are the organizations that are the most successful, the more profitable and the companies that have will be around for a long time. ATTRead MoreInternal and External Factors1425 Words   |  6 PagesInternal and External Factors MGT/330 Management: Theory, Practice, and Application December 19,2011 Ian Peters Internal and External Factors (Goodwill Industries) Businesses everywhere have to plan and set goals in order to thrive and succeed in whatever conditions the economy may be in. Part of planning and goal setting for any company is identifying internal and external factors that will have an impact on the success of a company as well as determining how they will impact the companyRead MoreInternal and External Factors952 Words   |  4 Pagessuccessful management. Good management includes attentive evaluations of internal and external factors in the four functions of management: planning, organizing, leading, and controlling. Globalization was a factor that has influenced Google and vice versa. Managing the globalization for the company from Mountain View was a key aspect of the business. Google is running its business globally and with such exposure, the external risks are amplified. Google has international competition in all of itsRead MoreExternal and Internal Factors1248 Words   |  5 PagesExternal and Internal Factors Management is the process of working with people and resources to accomplish organizational goals (Bateman-Schnell, 2003, p. 14). The four functions of management are planning, organizing, leading, and controlling. Internal and external factors such as rapid change, technology, and diversity impact the four functions of management. This paper will focus on these three factors and their impact on Verizon. The successful application of the four management functionsRead MoreInternal and External Factors1610 Words   |  7 PagesInternal and External Factors Paper XXXXXXXXXXXX MGT/230 xxxxxxxxx xxxxxxxx Internal and External Factors Paper The purpose of this paper is to explain how internal and external factors affect the four functions of management in the Wal-Mart Corporation. For any organization to survive, irrespective of its size, it must develop and implement its own management concept. Management is the process of working with people and resources to accomplish organizational goals (Bateman amp; SnellRead MoreExternal/Internal Factors2735 Words   |  11 PagesExternal/Internal Factors When analyzing a company it is important to understand what the internal and external factors of the company are and how those factors are affecting the four functions of management. The four functions of management are planning, organizing, leading, and controlling. Internal factors affect what happens within the company and external factors are the outside environment that affects the company. Through strategic planning the company can build on its strengthsRead MoreExternal and Internal Factors1825 Words   |  8 PagesExternal and Internal Factors The purpose of this paper is to compare the internal and external factors that influence a company, considering the aspects of the business process including globalization, technology, innovation, diversity, and ethics. We have examined how these internal and external factors impact the four functions of management. As a final point we will describe how managers can use delegation to manage the impact that these factors have on the four functions of management. When