Impact of External and Internal Factors on the Four Functions of Management

2626 WordsNov 16, 201011 Pages
Impact of External and Internal Factors on the Four Functions of Management External and internal factors such as globalization, technology, innovation, diversity and ethics can greatly impact the four functions of management. Functions such as planning, organizing, leading, and controlling can be influenced by these different internal and external factors since organizations need to ensure that they are addressed properly for business success. In addition, knowing the external and internal factors help organizations in identifying the business risks that exist in the environment in which they operate. This paper will focus on United Way, a non-profit community-based organization that was initially found in communities, large and small,…show more content…
MIP Fund Accounting is designed to ease reporting and transaction management for nonprofits. With this system, chart of accounts are easily created with transaction tracking capabilities. Reports are generated within the program and reporting cycles are significantly shortened by hours or even days. MIP Fund Accounting is user-friendly and easy-to-learn, with grouped tasks according to accounting functions (“Sage MIP fund accounting,” n.d.). In addition to incorporating technology to manage multiple account funds, United Way is developing new technologies to garner donor contributions. Donations are the economic capital United Way relies on to provide quality services in their respective communities. Thus, United Way must be creative in its pursuits to compete with other nonprofits for this income stream. One viable solution was the creation of the United eWay Consortium. The consortium, founded by Phoenix’s Valley of the Sun United Way, allows participating United Way agencies to create customized Web sites for online pledging. This system eliminates the use of paper pledges and makes donation tracking effortless for both United Way organizations and gifting firms (Wallace, 2001). Cash donations are not the only gifts needed by United Way to meet its organizational goals. Human resource donations or volunteers are a significant portion of the
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