Internal & External Factors of Management

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Internal & External Factors Internal and external factors have a large impact on the four functions of management within an organization. What these factors are and the kind of impact they have depends on the business and its particular goals. McDonald’s goal is reflected in its mission statement which is to “be our customers’ favorite place and way to eat” (McDonalds, 2009). In order to achieve this goal, McDonald’s executives and managers must follow the four functions of management which are planning, organizing, leading, and controlling (Bateman and Snell, 2009). They must also understand how internal and external factors impact these functions. Internal factors that McDonald’s managers need to consider include the amount of food to…show more content…
Innovation can also make a company more profitable and competitive within the marketplace. In order for an organization to encourage innovation from within they need to clearly delegate the vision and drive to all management and employees. Diversity and ethics are what create values within an organization and make it more appealing to not only consumers but employees. Without diversity and ethics organizations would not have values to focus on. By delegating the values down through the management team to employees is important for any organization. Diversity is also important within an organization because diversity is more than just race it is race, age, and gender. If McDonald’s hired only within a certain age group and did not hire a variety of age ranges then they might find themselves at one point with people in retirement age. This would create a problem because when they needed to hire younger employees to replace the older employees as they retired they might not have enough knowledge. Diversity is good within any organization because it allows for a mixture of knowledge and can benefit the organization because younger employees that are willing to bring new ideas to an
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