Nobody downloaded yet

Four functions of Management Internal and External Factors - Assignment Example

Comments (0) Cite this document
Summary
The fur functions influence the utilization of the numerous resources in the organization. The four basic functions ensure that managers uphold the objectives of the…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.3% of users find it useful
Four functions of Management Internal and External Factors
Read TextPreview

Extract of sample "Four functions of Management Internal and External Factors"

Download file to see previous pages When considering the internal and external factors in the management of the above resources in an organization, such factors as globalization, diversity, technology, and ethics among many others affect the four basic functions of management as discussed in the essay below.
Globalization is a contemporary social feature arising from the use of the efficient means of both transport and communication. Globalization in business refers to the engagement in business beyond the boundaries of a country. This implies that business enjoys a large market thus increasing the likelihood of success. Globalization requires increased presence of a business in the market in order to increase the coverage of the market. Managers must therefore plan effective operations of the business in order to sustain appropriate operation. Globalization for example requires increased resources since the cost of doing business will definitely increase. The organization must therefore have adequate human resource among other significant resources in order to enhance the success of the company. Managers thus portray their leadership skills as they motivate the employees thus increasing the company’s productivity.
Controlling is a fundamental human function mandated with the process of measuring achievements against the organizations’ goals and established objectives. Growth and sustained profitability is always among such established objectives. Globalization is a type of growth thus compelling managers to plan for the utilization of the resources and portray effective leadership skills in order to sustain the growth of the company as it ventures in the global market. A company must employ appropriate production and marketing strategies in order to realize the desire profitability often associated with globalization. Diversity is an equally important factor that arises with globalization and ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Four functions of Management Internal and External Factors Assignment”, n.d.)
Four functions of Management Internal and External Factors Assignment. Retrieved from https://studentshare.org/business/1647408-four-functions-of-management-internal-and-external-factors
(Four Functions of Management Internal and External Factors Assignment)
Four Functions of Management Internal and External Factors Assignment. https://studentshare.org/business/1647408-four-functions-of-management-internal-and-external-factors.
“Four Functions of Management Internal and External Factors Assignment”, n.d. https://studentshare.org/business/1647408-four-functions-of-management-internal-and-external-factors.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Four functions of Management Internal and External Factors

Four functions of management theory

...?Four functions of management theory Introduction In the research paper while discussing about the four functions of the management theory, the company Surf Aid Indonesia has been considered. Surf Aid is a nonprofit humanitarian organization founded by Dr. Dave Jenkins. The main objective behind the formation of the NGO was to develop the health and welfare of the people living in the isolated island of Indonesia. In the paper the focus is mainly on the four functions that is the planning, organizing, leading and controlling of the company (About Surf Aid International 2011). On a surfing...
3 Pages(750 words)Essay

Internal and External Factors

...? Internal and External Factors Task Introduction Management functions are activities that are carried out by managers to ensurethat they bring together all the required resources for smooth running of the business and achievement of the set objectives. These functions are broadly categorized as forecasting, arranging, directing and scheming. Planning is the determination of courses of future actions and considerations of how best they can be done. Organizing is about arranging factors of operations and structures, in a manner that will bring about achievement of the goals that were set at the planning phase. Conversely, directing and controlling are about effective administration, inspiration, general evaluation and comparison... of the...
4 Pages(1000 words)Essay

Four Functions of Management

...? FOUR FUNCTIONS OF MANAGEMENT goes here] [Your goes here] [Due the paper] Four Functions of Management There are four main functions of management, which include planning, organizing, leading, and controlling. All of these functions play a critical role in making an organization achieve all goals and objectives efficiently. Let us discuss each of these functions in some detail in order to know the relationship that exists between all of these functions. Planning Planning holds an utmost importance in the overall process of...
3 Pages(750 words)Essay

Internal and External Factors Affecting Four Functions of Management

...? Internal and External Factors Affecting Four Functions of Management Internal and External Factors Affecting Four Functions of Management An organization is defined by planning, organizing, leading and controlling all the factors that could affect its performance. Therefore, the management is under obligation to ensure all the factors that could affect the organization are controlled effectively. If these factors are not controlled, the organization will be adversely...
4 Pages(1000 words)Essay

Group paper on Internal/External Factors

...Running Head Group paper on Internal/External Factors Group Paper on Internal/External Factors In Starbucks, along with shifts in organization demographics comes additional competition. Some white male employees must now compete against people they did not consider rivals before, mainly women, blacks, Hispanics, and Asians. Even though they still control most of the managerial positions, many white males sense an impending loss of job entitlements. In order to management workforce diversity, Starbucks introduces effective recruitment and training program, communication strategies and compensation. Following Starbucks, “We...
2 Pages(500 words)Essay

External/Internal Factors

...Running Head External/Internal Factors External/Internal Factors AIG is a leading insurance corporation specialized in life insurance and auto insurance. Similar to other organizations, its management is influenced by internal and external factors which include economic and social changes, political and issues. The four function of management are planning, organizing, leading and controlling. For AIG, internal factors of influence involve organizational culture and strategic decision-making, company’s vision and mission, staff relations and customer relations, etc. insurance industry is influenced by technological innovations and new product/service management. In this case, planning function determines how to initiate a change... and IT...
2 Pages(500 words)Essay

Internal and External Factors of Labour Market

...employee. Employers are cognizant about lack of productivity of aging population but they are not ready to take any corrective actions to sort out the problem (Remery, Henkens, Schippers, and Ekamper, 2003). The company should focus on following factors in order to internal and external issues of aging workforce. Resistance to Change Study shows that aging workforce show low enthusiasm to adopt new technologies and sometimes they show resistance to change management process (Elzinga, Gulledge, and Lee, 1999, p. 88). This situation can create negative impact on organizational culture. Organizations having horizontal structure show higher propensity of change resistance...
7 Pages(1750 words)Essay

Internal and External Factors Paper on Bridgestone

...Bridgestone’s Management Internal and External Factors Affecting the Management Function at Bridgestone s Introduction This present essay critically analyzes the impact of internal and external factors on the key four functions of management. The factors that will be applied in the critical analysis include globalization, which is an external factor and technology, which is an internal factor. Sheila (2004) described globalization as the fact that...
4 Pages(1000 words)Essay

Internal and External Factors

...Management Functions and Internal and External Factors Affiliation: Management plays an important role in the organizational environment. The primary duties and responsibilities of the management are to ensure that both short-term and long-term goals are realized. On the same note, the management coordinates internal and external relationships to ensure that the organization conforms to the prevailing business environment. Effectiveness and efficiency of an organization are critical to the success of any given enterprise. In this respect, the primary...
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Four functions of Management Internal and External Factors for FREE!

Contact Us