Internal and External Factors on Management Functions MGT/230 Internal and External Factors on Management Functions The four functions of management are generally described in this order; 1. Planning 2. Organizing 3. Leading 4. Controlling These functions are affected by factors from inside an organization as well as outside of the organization (Bateman, 2011). Some of these external factors include globalization, competitors, suppliers, technology, customers, the government, and economic conditions. Factors inside a company can be production issues, personnel problems, finances, ethics, lack of innovation, and cultural diversity can be either internal or external (Bateman, 2011). The corporate model that Google has …show more content…
Their innovation of a collection of information to be accessed in a one stop shop format was the catalyst to what we know as Google today. The search engine was first used to search information on the Stanford Universities servers. The engines worked so well that it soon engulfed the bandwidth of the universities servers. The founders knew that they had something amazing on their hands. The innovation that compelled them to create this engine would need to expand. Google needed to implement a new organization of technology to ensure the growth of the company. The acquisition of seed money catapulted them to becoming an important fixture of the dot com boom. In the respect of Google the newly designed technology made it much easier and made sense that the best way to grow would to become global. The globalization occurred 2000 when they released the ability to search in ten other languages making Google a common word in many other countries besides the U.S. The rate of growth Google experienced is truly astonishing. Google went from an eight employee firm in 1999 to well over a 1000 employees today. An example of the well managed leadership from the company is the way they have so intuitively diversified. This company dealt with only internet searches, and now makes software for cell phones, software for Mac and pc’s, sets up domain names, leads the field in technological research and development, and the
The internal and external factors of an organization can affect the stock prices, which leads to perceived valuation of the company. The valuation of an organization’s worth compared to its financial statements is useful to introduce company changes if necessary. There are various factors that can lead to the valuation of a company influenced by the external and internal factors. Proceedings are some internal and external factors that may influence the investor’s decisions to invest in any organization.
Due to the increased competition from Yahoo and Microsoft, it has posed a great threat to Google Company. Entry of such like companies in the market has been relatively easy and even offering similar services to the consumers is no longer a problem as unlike a while back, technology has greatly improved. With an improvement in technology, creating sites that help people access information from the internet has been quite cheap and all it calls for is the creativity of a company. Google, however, has been able to remain at the top of the chart. They have been able to come up with a user-friendly search engine for their clients, one that is easy to understand as well as easy to use. Also, Google has been able to cut on cost as they are able to create web pages using UNIX web servers which are relatively cheap. This makes it possible for them to minimize the cost of input and hence maximizing their profit margins. This makes it possible for them to hire qualified personnel, offer quality services, advertise their products, and even offer promotions, helping them overcome the competition in the market structure.
In this report we will be discussing two of the external factors and two of the internal factors of diversity and ethics of the food giant chain McDonald’s Restaurant. We will also address the four functions of management planning, organizing, leading, and controlling and the role each plays in McDonald’s organization. The way each function is used in McDonald’s organization and how each level is impacted by these functions. We will also discuss why McDonald’s teaches diversity, the code conduct and the internal and external ethics of the McDonald’s Restaurant. The multicultural
In the winter of 1998 in a garage of a 3-bedroom house, the duo of Larry Page and Sergey Brin, two graduate Stanford students built a multi-billion tech corporation that was to answer all of our questions, change the concept of “search,” and consequently the internet, forever. They named it “Google.”
Google is a company that was conceptualized in a dorm room by two Stanford University college students in 1996 (Arnold, 2005, p. 1) and has morphed into one of the greatest technological powerhouses in operation today. What began as merely a means to analyze and categorize Web sites according to their relevance has developed into a vast library of widely utilized resources, including email servicing, calendaring, instant messaging and photo editing, just to reference a few. Recent statistics collected by SearchEngineWatch.com reflects that of the 10 billion searches performed within the United States during the month of February, 2008, an impressive 5.9 billion of them were executed by Google (Burns, 2008). Rated as Fortune Magazine’s
The purpose of this paper is to analyze the culture, the internal, and the external factors in an organization. Our job is to examine the entirety of the organization. That would include the structural and environmental elements that effect the operation of the business. We will also take an in depth look at the perspectives of employees, managers, owners, and clientele.
The four functions of management across every organization include organizing, planning, controlling, and leading. In order for an organization to be effective and successful in the ever-changing business world, these four functions of management are necessary. However, the performance of these functions in any organization is usually affected by both internal and external factors. While examples of internal factors include diversity, ethics, and innovation, external factors include technological advancements and globalization. An analysis of the internal factors shows that ethics impacts leadership and controlling functions of management as diversity and creativity affect leading and organizing functions.
Google, though we may look at it as one of the earlier contributors to our world of technology, always plays an extremely current and radical role in the digital age no matter what anniversary it celebrates. Google’s CEOs Larry Page and Sergey Brin were two tremendously intelligent college-mates turned college-dropouts who teamed up in 1995 and saw a need for more accurate research in the world. No other search engines at the time were even remotely close to being useful or user-friendly. About 3 years later they launched Google.com and since then, Google has evolved and continues to evolve from being the first truly innovative search engine into a developmental and moneymaking machine. 15-plus years running, Google has basically changed the world with the constant new and dynamic technology it has to offer.
Google is the most successful information technology and web search company in the world. It was founded in 1998 by two Stanford Ph.D. students, Larry Page and Sergey Brin. The company name, Google, is a play on the word “googol” which is a mathematical term for the number 1 followed by 100 zeros. Larry Page and Sergey Brin chose this name to reflect the large amount of information on the web. The two created this search engine so that people can find anything on the web all in one place. The company’s mission is “to organize the world’s information and make it universally accessible and useful.” Now, the company is far more than a search engine website, it has grown to be a substantial collection of products and services that are
Team B has decided to do our paper on the United States Postal Service. The reason for this is that this service utilizes each of the functions such as globalization, the newest technology, the best innovations, and diversity and ethics combined all in one great service we each use on a daily basis in one way or another. During the reading of this paper, one will find that the following has been researched and discussed: the explanation of the four functions of management, also how the following factors affect the four functions of management: Globalization, Technology, Innovation, Diversity, and Ethics. As we look at these factors, we will learn how the Postal Service gets the mail from point
In 1998, Stanford University graduates Larry Page and Sergey Brin combined their ingenuity and built a search engine called “BackRub” that evolved into what is now known as Google. Google, with over 150 domains, now functions as a search engine that offers many different products and services including web applications, advertising, sports scores, stock quotes, headlines, addresses, videos, etc. Google’s focus is “to provide useful and relevant information to the millions of people around the world as they rely on us (Google) to provide the answers they are seeking.”
Factors that happen in the external environment are known as external factors or influences. These will affect the main internal functions of the business and possibly the objectives of the business and its strategies. The main factor that affects most business is the degree of competition - how fiercely other businesses compete with the products that another business makes. The other factors that can affect the business are:
Google is one of the most successful corporations that have ever been established. Through innovation, persistence, growth,
Because of changes in work which can be caused by internal and external factors management needs to plan and have flexible approach to its planning processes by constantly adjusting to shocks in its operations. The most important planning factor mentioned in this analysis should consider the work changes over time which includes its nature of work, its flow and scheduling, relationships among workers, technologies, policies and procedures, volumes of tasks, and types of tasks. Changes in work can result from occurring events or changes in the pace of tasks or services. Managers and directors of HIS Departments should be aware of their environment by routinely and periodically assessing work and jobs for alignment with current processes. Following this periodic assessment, managers and directors may have to use indicators of changes in work to determine whether a change in strategy is required. In order for a manager to effectively plan his change or improvement of strategy he has to watch out for the following indicator types: sector changes, organizational changes, and employees ' perceptions. These indicators will assist the manager to plan and implement effective strategy and operations.Job enrichment is defined as the addition of new tasks at higher levels of skill, responsibility, and accountability.
Professionally, Google is known as a company based in California that is labeled as an internet company which is multi-national. It provides online searching, as well as cloud computing, software, and advertising. The company actually didn 't start off as a company, but rather as a research project back in 1996. The project was being conducted by Sergey Brin and Larry Page who at the time were studying at Standford University as PhD students. At the time, in internet-land, the search engines that existed operated where they ranked the results by counting the number of times keywords results were on a page. The two students came with a better idea (called PageRank at the time), that looked at relationship between websites. It would rank websites by determining it 's relevance, which was based on the importance of pages, and the number of pages, and how it linked back to the main website. After the idea 's creation, the two founders made the project into a business, and changed the name to "Google", which is a neat miss-spelling of the word "googol" which had significance because it stands for the number one followed by one hundred zeros, and it related to their goal because they wanted to create a search engine that offered a large quantity of information.