Management and Company

1613 Words7 Pages
Running head: INTERNAL/EXTERNAL FACTORS

Internal/External Factors

Team B

MGT 330

September 20, 2010

Joe Cheng

Internal/External Factors

Companies are being challenged every day with factors that affect their primary management functions. Globalization, technology, innovation, diversity, and ethics are just some of the factors companies are facing that can affect functions of management. Managers are trained to identify these factors and analyze how they will affect the functions of their management. Planning, organizing, leading, and controlling are the four functions managers operate under. Managers will look for signs indicating when of these factors are affecting their management function. In the following
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Planning for globalization is where one would need to look at the end results for the their purpose of globalizing. To begin globalizing, you need to understand what it is you are looking for e.g. cheaper labor, out-sourcing, and bigger market. Once you understand this, you can move on to the next function of management. Organizing in a global market can and will be difficult. To organize a global business, you need to take in many factors to help determine your end result. To organize a business, you will need to think not only of your company’s well being, but also the relationship your company has with the market you are currently in. To organize on a global level, you will need to have many people in many places, this way you can keep yourself updated on what is happing in each of the regions your company is involved in. Leading and controlling in a global environment will mean having to think about all aspects of your company across the globe. Since both of these functions have pretty much the same application in a global market, we can discuss them both here. Many people in many different places will rely on you or the company to know where the end results lay at and how to achieve them. In order to lead and control a global company, you will need to look at all aspects of your company’s operation in each of the markets you are in. You will need to decide which is best for each area and monitor the performance.

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