Internal and External Factors Essay

Decent Essays
Internal and External Factors
September 14, 2014

Internal and External Factors
There are four management functions that are typically found in most of the business environments around the world. The four functions of management are planning, organizing, leading, and controlling. These are most commonly used in high level management to organizational management too. There are five major factors that affect these and many other business functions which are globalization, technology, innovation, diversity, and ethics. If you were to look into any organization, these would be factors and management functions would be found. McDonalds has been a global force in real estate and restaurant operation for many years now. The McDonald
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They strive very hard to make globalization a very high importance. Technology with McDonald’s plays a very important role in the everyday corporation of McDonald’s and all of its stores. Technology is changing every day and has an impact on McDonald’s corporation. Technology affects planning and organizing in the same ways as the function of globalization’s impact. The organizational plans of development are sent down from the top level managers, to the store managers, all the way down to the shareholders through technology. This also opens up a weakness to competitors by being open for them to see their plans. This can be affected by internal forces. With technologies improvements on day to day basis managers are able to communicate with their employees on a less frequent basis. This means the leadership would be a less amount and managing effectively would become worse. McDonald’s counteracts this by using technology to make the training courses more convenient and available to managers. Innovation is used by McDonald’s and that is why it is the world’s leading force in the fast food industry. It is done a lot in the menu offerings, internet services and the hiring and training courses. McDonalds keeps above the competition in America and all over the world in the innovation fast food world because of the real estate innovation combined with it. The internal and external factors have led McDonald’s
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