External/Internal Factors
External/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 strengths and monitor how the company’s actions affect internal and external factors. The external factors of the companies organization is on how well the company knows its customers and what to deliver to satisfy the customers. The internal factors of the company affects organization in determining how to schedule employees effectively, training employees correctly, and knowing what the company’s resources are. Effective leadership in the company affects internal factors through motivating employees to work well. The external factors that affect leadership are with how the customers are served by the employees through the leadership of the managers. If the employees are motivated to do good work then the customers will notice the good work effort. The company controls the internal factors and how it affects management through keeping up with the resources of the store and ensures that the resources are used responsibly and correctly. Also, the managers make sure that employees are performing well and changes are made when needed. Other factors that would affect the four functions of management are globalization, technology, innovation, diversity, and ethics. As long as management plan, organize, lead, and control effectively, the company should be able to with stand any factors that may affect it. Globalization creates significant challenges for large organizations. These organizations must plan carefully for the possible roadblocks when doing business across culture. One
References: "Coca-Cola CEO Sets Diversity Goals, Creates New Post At Company To Promote More Minority Employees". Jet. FindArticles.com. 28 Oct, 2010. http://findarticles.com/p/articles/mi_m1355/is_16_97/ai_61487264/ Diversity