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full version External and Internal Factors Affecting the Four Function of Management Essay
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External and Internal Factors Affecting the Four Function of Management
Category: Business
Autor: cucha67 24 May 2010
Words: 2086 | Pages: 9
External and Internal Factors Affecting the Four functions of Management
Management is an essential tool for the success of any organization. All the function of management are affected by external and internal factors that will influence the decision the managers make and how they delegate the work throughout the organization. Some essential factor that managers must take into consideration that will help the organization move forward and guarantee its success. Diversity and ethics play a big role on an organization as it takes the multi-culture of the organization and display the values used for decision-making. There are several factors that affects all management function but when use appropriately by an organization it will help stay ahead of its competitors.
External Factors
As Wal-Mart grew rapidly becoming one of the world largest corporations, witness were concern about the effect of its super centers on neighborhood in which it operates, especially in the undersize stores highly protect by the governments. This can affect all four functions of management planning externally. By dissecting the problems down to the basics Wal-Mart staff and its executives can begin over-seeing projects of any changes needed.
Taking the four management sections brings a viewpoint of questions that need answering. This can be related to a number of issues outside the business, for example, location, the public, the surrounding community, and of course, environmental issues to name a few. These issues have to be considered in order to have a good Market Value. According to Patel R (2006), a study...