Functional Approach to Internal Analysis

An internal analysis’ purpose is very similar to that of an external analysis. Both are essentially developed to assist an organization build a successful strategy. Where they differ is that the external analysis focuses on the influential external elements; an internal analysis focuses on the internal forces. An internal analysis can unquestionably assist an organization drive up the profits aligning with internal matters. First, it is important to recognize what an internal analysis entails. In the course of this paper we will be looking into the key components that comprise this analysis. These components are StilSim’s value-chain, resources, core competencies, stakeholders, and finally their mission and vision.

The management of the supervisee, allows the supervisor to not only guide and direct the supervisee, but enables them to manage their performance and direction of

Organizing: this is the management function of gathering and coordinating the different systems and departments to function properly and benefit the financial situation of the organization.

To accomplish the goals outlined during the planning phase managers need to link employees, responsibilities, and resources together through organisation. Henri Fayol stated that “To organize a business is to provide it with everything useful or its functioning i.e. raw material, tools, capital and personnel’s”.

The Functionalist perspective emphasises the positive contributions of religion to society and tends to ignore its dysfunctional aspects. With its preoccupation with harmony, integration and solidarity, Functionalism neglects the many instances where religion can be seen as a divisive and disruptive force. It gives very little consideration to hostility between religious groups within the same society, such as catholics and Protestants in Northern Ireland or Hindus and Muslims in India. In such cases religion can be seen as a direct threat to society instead of ‘keeping it peaceful’. Hate is a human problem. It is a manifestation of anger, pride, greed, struggle for power and other human flaws. The Palestinians don’t hate Israelis because they are Jewish; they hate

These different functions have their own roles and work together to optimise performance. Different functions work together by communicating with each other and sharing information so that everybody has relevant up to date information on the company’s plans and tenants issues. Each function carries out its own

Supervision is the primary means how a supervisor supports their individual staff member or group of staff and ensures Standards of practice.The aim of the supervisor is to ensure their supervisee[s]to carry out their job roles effectively as possible.

Environmental analysis is important for a company. This allows for the company to look at external factors that will help them to succeed or fail. Environmental analysis could be internal as well as external. The internal analysis allows the company to look within and analyze the successes and see where improvement can and should be made. The external analysis looks at factors such as location, marketing, and surrounding areas to analyze if the these factors are what is best for the company.

Organizational functions within an organization are Sales and Marketing, production, human resources, finance, Research & development, and Purchasing etc. Each of them work together to achieve the organizational objectives. Interrelation of these function relay on the base on dependency and also the structure of organization. Relationship of these function different in each organizational structure. Interrelation of these function have some advantages and disadvantages.

There are five main components of an Internal Analysis, including resources, capabilities, core competencies, competitive advantage, and strategic competitiveness. Each component is the basis of next one in turn.

Schermerhorn (2015) found based on Fayol’s findings that managers of different levels are given the task of carrying out management functions such as planning, organising, leading and controlling.Cunningham (1979) believed that this was the perception a manager had regarding his job and that the effectiveness of a manager inculcating this in his work is the

Henri Fayol’s theory was almost a century old and was originally written in French. Further review on several journal articles has led to an overview background of Fayol’s working life which provided the foundation that conceptualized his theory. According to Wren (2001), Fayol was appointed as the Director in a mining company, Decazeville, where he succeeded to turnaround the company to become profitable. Fayol was the first person to classify the functions of a manager’s job. Fayol (1949; as cited in Wren, 2001) identified five key functions in managerial works.as planning, organising, command, coordination and control. Planning consists of any managerial work that involves setting goals and coordinating actions to

There will be 2 parts to external analysis; it will be done based on general environment and competitive environment. External analysis is basically analyzing the factors that are not within the control of an organization for the general environment part. As for the competitive environment part, the strength of an organization’s current competitive position, and the strength of a position it is considering moving into will be identified to help prepare itself for every possible happenings in the near future.

The internal environment consists of the inherent competencies of the firm and the structure of its internal systems and processes. It is imperative for the organization to conduct an internal analysis

The role of internal audit is to provide independent declaration that an organization’s threatadministration, governance and internal control processes are functioning effectively. Internal auditors deal with concerns that are essentially important to the existence and success of any organization. Unlike external auditors, they aspect beyond financial possibilities and statements to reflect wider problems such as the organization’s reputation, development, its power on the location and the approach it treats its organizations.In summary, internal accountantssupport organizations to thrive.