Factors Affecting the Four Functions of Manangement

1823 Words8 Pages
Factors Affecting the Four Functions of Management.
Numerous factors impact the four functions of management. The functions of management include: planning, organizing, leading, and controlling. Key components include: external, internal, globalization, technology, innovation, diversity, and ethics.
A prime external factor would include the current state of the of the United States economy. Consumers may not be purchasing as many Hershey products this year as they did last year, due to staple items such as milk, bread, and eggs being more expensive. During the planning process Hershey’s managers are going to have to implement forecasting more than ever.
The organizing process involves synchronizing the resources required to attain
…show more content…
Production of chocolate, marketing and even their Great American Chocolate Tour ride are excellent examples of technological improvement. Incidentally, the Great American Chocolate tour was originally developed due to tour members increased body heat warming the plant as they walked through. (Pennsylvania: Hershey’s Chocolate World is sweet, 2006, p. 1)
Hershey has now teamed with AXS Technologies; their parallel processing technology amplifies the speed at which high quality digital images are observed. In a study released by PricewaterhouseCoopers, 44 % of respondents claimed they would purchase more merchandise online if they were able to see the products at close range. (AXS Technologies Announces Sweet Deal with Hershey’s. 2001, p. 1)
Hershey’s is one of the more aggressive companies in terms of scientific development in the market. They have up-sized their technical department in the past years because Hershey’s is dedicated to technical research. Hershey labs contain research on rheology (the study of the deformation and flow of matter) (The American Heritage, 2006, p. 1), chocolate processing, packaging, pasta, test kitchens, analytical services and newly developed ingredients. This includes the incorporation of high intensity sweeteners, cocoa butter replacements, new carbohydrates, and new flavors. The cocoa plant, which is turned into chocolate, has been around for a centuries.

Mr. Hershey started the milk chocolate

More about Factors Affecting the Four Functions of Manangement

Get Access