Internal and External Factors
Internal and External factors of an organization are effected everyday in many ways that could either make or break a company. The four functions of management are also a critical part of a business especially when talking about a well known company known as Verizon Wireless. The four functions of management include planning, organizing, leading, and controlling. Like Verizon Wireless and any other organization in such measurable size of production, it is important for any company to analyze and implement it’s own management concept. Management is the process of working with people and resources to accomplish organizational goals (Bateman & Snell, 2011).
Verizon Wireless has managed to establish the four functions of management very well and includes them within their internal and external functions of everyday productivity. Considering that Verizon Wireless has effectively used the four functions of management to their advantage the company currently employs 85,000 employees, is the largest mobile operator in the United States, and has announced earnings of well over 30.5 billion in revenue over the end of Q4 in 2012 ("Vzw Finance", 2013). The effective strategies the company has enhanced over its competitors continues to make them the number 1 carrier and largest retailer for consumers and businesses. Verizon Wireless has incorporated the use of internal and external factors that involve globalization, technology, innovation, and ethics. These key factors are what make the core of the company establish it’s rules and regulations to maintain productivity at an all time high while continuing to meet its policies and procedures.
Globalization has affected Verizon Wireless since the branching of Air Touch cellular in 1999, which increasingly established their network and customer base up to 450,000 customers. With certain mergers taken place around that time with approvals pending with the FCC for the carrier to merge and grow in size much of the four functions
Verizon Wireless has managed to establish the four functions of management very well and includes them within their internal and external functions of everyday productivity. Considering that Verizon Wireless has effectively used the four functions of management to their advantage the company currently employs 85,000 employees, is the largest mobile operator in the United States, and has announced earnings of well over 30.5 billion in revenue over the end of Q4 in 2012 ("Vzw Finance", 2013). The effective strategies the company has enhanced over its competitors continues to make them the number 1 carrier and largest retailer for consumers and businesses. Verizon Wireless has incorporated the use of internal and external factors that involve globalization, technology, innovation, and ethics. These key factors are what make the core of the company establish it’s rules and regulations to maintain productivity at an all time high while continuing to meet its policies and procedures.
Globalization has affected Verizon Wireless since the branching of Air Touch cellular in 1999, which increasingly established their network and customer base up to 450,000 customers. With certain mergers taken place around that time with approvals pending with the FCC for the carrier to merge and grow in size much of the four functions