External and Internal Factors
"Management is the process of working with people and resources to accomplish organizational goals" (Bateman-Schnell, 2003, p. 14). The four functions of management are planning, organizing, leading, and controlling. Internal and external factors such as rapid change, technology, and diversity impact the four functions of management. This paper will focus on these three factors and their impact on Verizon. The successful application of the four management functions when dealing with these factors, impact the success and failures of Verizon, as well as all other organizations. Rapid change impacts the four functions of management. The atmosphere is less stressful when Verizon has the luxury of operating …show more content…
Organizing these meetings has gone from dependence on resource availability to selecting from a variety of meeting options such as teleconferencing, web share meetings, and conference calls. Technology has also impacted the means of leading a team. Projects are no longer initiated and supervised on site. Today, a manager has the ability to run a project remotely thanks to advances such as instant messaging, remote call forwarding, and wireless internet access. A project team leader can receive a call, go online for answers, and electronically forward documentation to the team from a remote location, or the comfort of his home. Perhaps the most effective impact technology has is how quickly results can be measured when monitoring the success of a project. Once a project is complete, tools such as shared databases allow each team member to monitor results real-time, and apply necessary changes. Technology also impacts Verizon externally. Advancements in communication delivery by a competitor often cause a planned project to be altered. The popularity of Nextel's walkie-talkie feature gave Verizon incentive to adjust focus its planned rollout of a similar service. Other competitive technological advances, such as broadband, drove Verizon to explore new ways to organize resources in order to meet the competitive challenge. To implement FTTP (Fiber to the Premise) using techs with no experience in fiber, a centralized support
Click here to unlock this and over one million essaysGet Access
Their current organizational culture is establishing a leadership that leads to shareholder value. The (LSV) is the key lever for Verizon’s culture change. This illustrates on having a goal to increase shareholder value and the Individual Action Plan (IAP) just as well as the sales force being evaluated on more than one metrics over some time (Kinicki & Williams, 2013, p. 258). In extinction, by forcing the organizational systems and procedures, it also caused a change in Verizon’s corporate culture. Mentioning before the senior leaders submit (IAP), has well-established a system in which it put a place of procedure that it can complete the organization goal to increase shareholder value and accomplish a performance criterion, in which it can hold the senior leader accountable (Kinicki & Williams, 2013). Additionally, the corporate goal to make more subject matter experts is a great example of implementing an organizational structure with the intent of achieving the corporate goal (Kinicki & Williams, 2013). Verizon’s goal of this leading for shareholder value can be rewarding for its
Internal and external factors can affect the four functions of management within any business. With the Wal-Mart Corporation; globalization, technology, innovation, diversity, and ethics are key factors that the corporation must consider if it plans to succeed and stay competitive with other industries in its area. If these areas are not considered, the Wal-Mart Corporation would discover that its company would not remain as strong as it has proven itself to be.
Internal and External factors affect the four functions of management in several ways. A way that affect the external factor would be to encourage spending and making sure websites are readable and that buttons are operable and viewers have easy access without a large amount of difficult and straits. This can drive away business. The driving forces or environmental or forces, internal driving forces are inside the business and external forces are outside the business. Things that affect internal forces are machinery, equipment, computers capacity, culture, management systems, financial systems, employees moral. External factor are things outside the business things that affect this force is the
An important trait to any organization in the business world of today is the functions within the organization. Overall, an organizing function of management outlines the practice in which individuals within the organization interact and work with each other. CellCom Inc. is small cell phone company located only in Northeastern Wisconsin and is consider a reputable organization. The functions at CellCom Inc.’s stores, offices and distribution centers has allowed the optimum of organizational resources to effectively and efficiently service
Verizon supports a program to educate their executives and create a successful training program to attain their strategic business goals and business unit/functional-specific initiatives (Kinicki & Williams, 2013). This training program contributed to reaching their key business goals. These business goals are “to build a business and workforce as good as its networks, to lead in shareholder value creation, and to be recognized as an iconic technology company” (Kinicki & Williams, 2013, p. 257).
Within the business world, there are different theories of effective change implementation. The corporation this research focuses on is Duke University Children’s Hospital, which is highlighted in the textbook. The topic of the research paper will focus on the process of implementing change within the hospital. Implementing change within organizations is very relevant to this course. Not only is the course called Leading Organization Change, but the topics we have been focusing on revolve around methods of implementing change. With changes, organizations need to take steps to fully plan the change in order to ensure a smooth transition and acceptance (Spector, 2013). Research will show how Duke University Children’s Hospital assessed
In my explanation of the four management functions, I will explore how they apply to my organization, my supervisor, and my position. The planning, organization, leading, and controlling aspects of management are what I will discuss in this paper.
The four functions of a manager are planning, organizing, leading, and controlling. These are key elements that managers must understand to run a successful organization. I will view each concept as well as their roles to acknowledge how these functions have been related to my personal experience in the work environment. Behind the scenes of a manager, they spend an equal amount of time planning so that he or she can successfully achieve the leading and controlling functions. These functions are standard for any industry that is striving to maintain a strong organization. While reviewing this paper, try to think of the four functions as a method that is established to build on each other. The four functions must be performed efficiently, and when done correctly, an organization will reap the accomplishments from a well-defined plan. My own experiences of how the four functions operate illustrates that each role requires a manager to devote time and patience in order to ensure that the main principles are achieved.
In this paper I will discuss some of the organizational structures, the culture, the leadership, the human nature and motivation, decision making, strategy, goals and objectives within one of AT&T’s many organizations.
The purpose of this paper is to explain how internal and external factors affect the four functions of management in the Wal-Mart Corporation. For any organization to survive, irrespective of its size, it must develop and implement its own management concept. Management is the process of working with people and resources to accomplish organizational goals (Bateman & Snell, 2011). The four traditional functions of management include planning, organizing, leading, and controlling. The Wal-Mart Corporation has managed to use the internal and external factors of these functions to their advantage. With their
ABC has made the decision to close its stores recently. The decision that ABC has made, driven by both internal factors and external factors, could have significant impact on its shareholders, customers and employees.
Management Four Functions Rosa L. Flores University of Phoenix Management: Theory, Practice, and Application/ Mgt 330 Kennett Baca December 20, 2008 Management Four Functions This paper will define the four basic functions of management; planning, organizing, leading, and controlling. This paper will also describe how these were applied in my worksplace. Management definitively has more functions than just the four mentioned above. The four that will be discussed in this paper are the four basic and most important ones. To understand better the four functions of management, one must define management first; Management means using limited resources of a company, in an effective and efficient way, to achieve goals, and increase
The four functions of management can be a vital roadmap in developing a quality structure in which to succeed. Most of us are pursuing a greater interest, whether it be education, a trip or perhaps some other type of leadership role in their lives. The purpose of these interests is usually for self-improvement. These choices will involve some type of planning, organization, leading and of course some type of control (Bateman & Snell, 2013). Our ability to succeed in these tasks can depend on our technical, conceptual and interpersonal skills.
These functions are affected by factors from inside an organization as well as outside of the organization (Bateman, 2011). Some of these external factors include globalization, competitors, suppliers, technology, customers, the government, and economic conditions. Factors inside a company can be production issues, personnel problems, finances, ethics, lack of innovation, and cultural diversity can be either internal or external (Bateman, 2011). The corporate model that Google has
Management functions are defined as “the ways that managers are grouped within an organisation to achieve specialist tasks” and refer to specific areas of practice that involve only a small group of managers who, usually, need particular training or experience and belong to relevant professional organisations. There are five major functions in most organisations known as “big five” (Smith, 2011): marketing, concerned with promoting and distributing products; operations, which involves the transformation of inputs into outputs; human resource management, which deals with people within the organisation in terms of recruitment, development and deployment; finance, responsible for managing money and lastly the 'recently ' introduced information management, which manages all the information technology resources used to collect, store and transmit data. In addition to these, other functions can be identified such as research and development, quality, distribution and logistics among others. All of them can be divided into three main groups: line functions, which play a key role in producing goods or services (marketing, R&D, operations); enabling functions providing services to other functions in order to help them operate more effectively (finance, HR, IT, technical and secretarial services); controlling functions, whose task is to make sure that standards and regulations are respected (quality assurance, quality control and legal and administrative functions).