In this paper I will explain how internal and external factors affect the four functions of management: planning, organizing, leading, and controlling. I will also include specific examples regarding globalization, technology, innovation, diversity, and ethics.
Internal and external factors affect all business. Normally internal factors originate from inside the control of the organization, like, mergers, board of directors change, or a hiring of a new chief financial officer (CEO). External factors are often caused from external forces beyond the control of the organization, like market conditions. When internal or external factors affect any of the four functions of management, the function affected will need to evolve to continue to be effective. For example, when an external factor of changing market conditions effect planning, the management will need to actively make changes to the goals and activities that an individual, work unit, or the organization itself will pursue. Internal factors that can effect planning would be when the company goes through a merger, acquisition, or when it removes and hires a new CEO, that has a “new idea” on the direction the organization should pursue.
When internal and external factors affect the second function of management, organizing, it will also have similar effects as it does on other functions of management. When internal factors affect organizing, for example, when a company experiences a significant loss of revenue or stock price resulting from an internal factor such as bad management then the organization of the human, financial, physical, informational, and other resources need to be adjusted to compensate for the change. An external factor effecting organization would be if the ...
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...is a widespread issue that has plagued the brand since the introduction of the XBOX 360.
Diversity and ethics are important in all organizations. While they are completely different, I would consider them in the same category when concerning a company’s ability to create and maintain a positive culture within an organization. Diversity allows an organization to have a broader pool of possible talent. This diversity will also need to be accompanied by ethical business practices when concerning the way employees are treated and what rules have been enacted to provide a “level playing field” for all employee’s across all backgrounds. Ethics are also important in the planning phase of management. Ethical business practices as well as corporate responsibility should be factored and reviewed before any implementation of the planning phase of the functions of management.
The relationship between management, mission, resources, the system process and structure is that they all make up the Internal Environment of an organization and they "affect its [the organizations] performance from within its boundaries". They are all internal factors because they are all things that the organization can control, opposed to external factors, such as economic conditions and population. The factors which are ends are mission, management, and structure, where as the means are system's process and resources.
Internal controls are a big factor in a company’s growth and value. Proper accounting practices are a big part of this process. Following the scandal caused by the unethical practices used by companies such as Enron, Tyco, Global Crossing and Worldcom, the Sarbanes-Oxley Act of 2002 was enacted. This act held companies accountable for their actions. Companies could either face fines, imprisonment or both if the act was not followed. Also, if there are deficiencies in a company’s internal control, stock prices can plummet. There are many physical, mechanical and electronic controls involved in internal controls. Some of these are good controls while others, even though helpful, are not as effective as others.
Everyone understands what reprimands, rules and laws have. But ethics can be simple acts of doing things or the way you treat others. “Ethics are the inner guiding moral principles, values, and beliefs that people use to analyze or interpret a situation and then decide what is the right or appropriate way to behave” (Jones, Gareth R. and George, Jennifer M. Pg.93). Just as laws change as time passes, ethical beliefs also can change. Norms can contribute to impressions on ethical and non-ethical behavior. Being a manager requires understanding ethics, especially when it comes to managing diversity. The most successful companies such as Apple, Samsung, Amazon all welcome diversity. Various viewpoints allow leaders to understand what all kinds of people from all over the world want or need. It not only helps creating marketing ideas, creating products, finding target sales markets, but it also builds leadership skills among employees. Everyone challenges themselves and continuously learns from one another. Although having diversity can create challenges, I would suggest understanding how to create an organizational structure and team building; As they both play an important role in ethics and diversity. leaders should create rules which everyone should follow. This will help avoid conflicts. Organizing teams where the member have important roles that complement each other can help
The external factors can be divided into six broadly categories which are political, environment, social, technology, environment and legal (Johnson, 2005). Such external factors usually are out of the firm's control and sometimes present themselves as threats. In this case, political factor, environmental factor and technology factor will be used to analyse the computer technology industry.
In today’s corporate world a manager to be affective must be able to incorporate the four functions of management (planning, organizing, leading, and controlling) into his or her management techniques. Managers who fail to implement the four functions have a greater chance of being unsuccessful in accomplishing the primary outcome for the project or task. Thus, generating an inferior product.
The four functions of management include: planning, management, leading and controlling. Internal factors impacted the PLOC in many different ways. Everything internal and external for this company deals with planning, organizing, leading and controlling, as it is the foundation for any management team.
In today’s competitive business environment, effective management plays a crucial role. The article Five Minds of a Manager by Jonathan Gosling and Henry Mintzberg, identify some important aspects of effective managers. According to the author, “The world of the manager is complicated and confusing.” Consequently, mangers need to think above ordinary employees. In particular, managers should, think global and act local, collaborate through competitions, be agents of change and maintain order. This paper provides a reflective review of the article Five Minds of a Manager by Jonathan Gosling and Henry Mintzberg.
Over recent years companies have become less dependent on paper and more dependent on technology. Take American Honda Motors for example; the Davenport Parts facility recently converted computer systems to more efficiently manage its inventory. Prior to its new system months of preparation was needed in order to ensure a smooth change over. Without the four basic functions of management all working together success would not have been possible.
Externa and internal factors play a crucial role in the future of any company. In our case, the Coca-Cola’s profitability and its overall performance is at stake. There are several external and internal factors, which cause implications and affect company’s position in the market.
Management is not just about making decisions, watching over employees, and bossing others around. Good management result is satisfied customers, who provide better customer service. In order for new managers to be successful they need to be about to have good communication, human skills, and ability to motivate others. The ability to do these skills effectively makes a big difference in a manager and the company’s overall success. Companies depend on managers to fulfill skills and knowledge to help their company excel. The knowledge managers need to possess is technological inclined and globalization. Effective management can enhance a company’s performance by contributing to employees and customer satisfaction, productivity, development (Noe, Hollenbeck, Gerhart, & Wright, 2010).
Managers are required to conduct an internal analysis in order for the strategic management process to begin. Internal analysis involves in determining the company 's strengths and weaknesses by analyzing its competencies. To have an effective strategies, the organization must exploit and expand on its strengths, as well as reduce or eliminate its weaknesses; thus furthering its competitive advantage, in order to achieve profitability (Hill & Jones, 2014).
Consequently, the most important object to learn is that external factors, coupled with the internal environment factors have a decisive impact on the functioning of the organization. All factors are closely twisted and affect each other. The manager should be able to analyze all these factors together and without losing any of the mind and make the right
Ethics in the workplace is a very important thing to have. Without a sense of ethicality in the workplace there are many things that could go wrong. You could even end up losing a job because of a lack of ethics, or other consequences could be felt due to a lack of caring or morality. The workplace is a place that you should show respect and dignity, and a deeper sense of ethics is very important in order to uphold these senses of morality. Workplace ethics, which include such things as behavior, integrity, commitment, teamwork, and other things, are important, if not required, in most workplaces and can help to improve performance and morale for workers and employers.
It is apparent that the only thing constant in business is change. Organizational change is often an overwhelming challenge for business leaders, managers and employees alike. The need for change may be the result of market shifts, economic environment, technology advancements or changing work force skill-set demands. Today Organizational change occurs for reasons that originate external to the organization (Chandler, 1996: Hannan & Freeman, 1984), as well as internal to the organization (Baker 1990: Prechel 1994). Thus, External constraints, internal constraints, resource dependency and increasingly growing competitive markets force organizations to change in order to maximize economic potential. Although organizational changes are usually a response in reaction to an event, companies and leaders should still expect to encounter issues. Organizations need to be more proactive and contingent on how to handle the problems that will inevitably come about. This will make the process of organizational change go smoothly as well as reduce resistance through proper management techniques. Resource dependency argues that both environmental and organizational constraints impact organizational change (Pfeffer & Salancik, 2003).
Nowadays, management has become an important part of the society. The role of management is to assist the organisation to make the best use of its resource to achieve its goal. Base on the aim of management, one of the theorists Henri Fayol proposed the four necessary management functions: planning, organisation, leading, controlling are the tools managers use to achieve these goals. (Jones 2006) This essay is going to describe and discuss these functions.