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.
Organizational Change "The effectiveness of organizational change is greatest when a firm’s strategy is consistent with environmental conditions and there is internal consistency." (D A Nadler, 2003:204) The only thing that is constant in this world is change and this is widely acknowledged by many in the world, may it be a corporation or a social forum or a governmental body. What comes in this world has to experience change in the light of environmental elements and pressures and influences, internal or external. The study of organizational behavior gives that environmental factors are the political, legal, economic, demographic, technological, social and societal. While these are the external environmental factors that are and cannot be counted among the controllable factors for an organization, they do in fact influence organizational structure, policies and strategies. In turn, the internal environment of the organization, that is very much controlled by the management of the organization and comprises of the top to bottom managerial levels, the staff, the employees, the board of directors, the owners etc. this internal environment, is to a great extent the result of external environmental factors, the change of which results in the direct impact on the internal environment of the organization. As such in lieu of external environmental factors; change agents with in the organization tend to accept the change in their external factors and tries to bring about a compatible change within the internal environment of the organization. The effectiveness of the change that is being brought about with in the organization as a result of the changing external environmental forces is best when, as described by Nadler, the internal facto...
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.
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
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.
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.
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.
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.
In a business the external environment contains events, conditions and factors that lie outside the organisation. It helps determine opportunities and risks. A company has to react to what happens outside the business. It cannot determine the likes of a recession or boom. The external environment will alter the internal elements of the business and their objectives and strategic could potentially change. “It includes all efforts made in perfecting the product, economising the cost and maximising the benefits to customers” [13].
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.
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).
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.
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).
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.
The manager should be able to select and know these factors. As organization is created systems by people, the internal factors are mainly the result of management decisions. Not all of the internal factors are completely controlled by the management. Organization is influenced by many environmental factors. In the new millennium we have to learn how to live in a market economy. And the most important condition for this is a highly skilled managers. Ability to identify and analyze the internal elements of the organization and external factors is the key to the success of the business. The main factors in the organization that require management attention are objectives, structure, tasks, technology and people. An organization can be seen as a means to achieve the objectives that allows people to perform collectively what they could not carry out individually. Goals are desired outcome, which aims to achieve a group working together. The main objective of most organizations is profit. Income is a key indicator of the organization. People are the basis of any organization. Without people there is no organization. They shape the culture of the organization and its internal climate. They determine what the organization is. Manager generates frames, establishes a system of relations between people and include them in the process of