Mgt230 Internal External Factors

What is management? According to Kinicki Williams textbook “Management, management is defined as the pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organization resources (Ch. 1, pg. 5 Management: A practical introduction). I believe in order to be an effective manager you must be a positive, goal orient, organized individual. I also believe an effective manager is an individual that motivates their staff and leads by example. I believe all managers should follow the management process.

To be efficient and effective in management, certain tasks must be performed by all managers. Managers must be able to plan, organize, lead, and control. Manager’s tasks are important no matter the level of the manager. Managers must be able to use and improve these skills depending on their position within the organization.

Management skills can be learned and developed. Management skills involve the importance of reflecting and adapting your practice. Sometimes the most difficult person to manage may be yourself. Learning to understand yourself as a manager can help you become a reflective person who is capable of adapting and improving their

Globalization is increasing interdependency of nations and businesses throughout the world. It has had a profound effect on both markets and production. It has lowered or eliminated government barriers to export-import trade. Gives firms access to the worlds vast offerings of food, clothing, and other manufactured goods. Companies can also benefit from foreign manufacturing, shifting factory production to less developed, cheaper labor countries.

Managers are leaders, leaders are managers, these concepts have long been thought to be synonymous. Ideally, for a manager to be good, the former is the case, but this is not always the case. Further, one doesn’t have to be a manager to be a leader. Anyone can be a leader. They are the people who exhibit superior interpersonal qualities that allows them to create connections to obtain a desired outcome; these are informal leaders (Sullivan). Everyone knows that one or two informal leaders, the people you just get behind and follow because they are so charismatic and influential. They don’t stand up to be recognized, they simply do it, as it comes natural to them. Managers on the other hand are placed in a position of power by an organization

Being a good manager always starts with having a plan…which keeps disaster from happening. A company cannot succeed without one. That is when the need of a manager comes in. They’re the ones normally that come in with the why’s and how’s of how they would like the department

Managers are responsible for being a manger and a leader all rolled up into one, but it takes an effective leader to carry out the roles. A leader has to

Management involves the tactical aspect of day to day functions and who keeps control of the work environment to make sure the organization is moving forward and in the same direction of the company’s vision. Managers are faced with many responsibilities each day, one of which is managing people. The goal of a successful manager is to achieve the highest productivity of the organization by way of the people he/she manages. A manager is more of a problem solver and takes care of work areas relating to people management, time management, decision making etc.

An effective manager should focus on the overall objective and prepare for the future. They also need to consider any minor issues that arise because the little things could help the overall objective. An effective manager cannot sit back and manage employees from an office.

Globalization is the process regarding an increasing interaction of people, states, or countries through the growth of the international flow of money, ideas, and culture. It can also be tied to business ventures where businesses or other organizations develop international influence or start operating on an international scale. The idea of globalization has become very controversial in the United States labor market. There are many pros and cons on how it affects the labor markets. Along with the labor market controversy people also debate over whether globalization is a threat or opportunity to the United States economy. Although Globalization has brought a significantly positive impact on most countries in terms of economy, culture, and politics, it also has left some drawbacks behind on the same aspects.

An effective manager possesses good qualities such as sharing a vision, teamwork, communication, passion and compassion towards the business and to the workers. (Source 7)

Globalization is the integration of the worldwide economy in which resources and products move freely across the globe. Globalization has been present for decades however it has predominantly become a more frequent process and has potential good and bad effects on the world of business. Problems can include competition in manufacturing jobs and unemployment in industrialized countries. However, this can also be beneficial in other situations as globalization gives you a larger market trade will be cheaper so more countries can import and export goods which can bring in profits to multi-national corporations.

Managers are expected to do a multitude of things. A manager has to be a visionary and adaptive to meet the current demands of what is required of them at all level

It is known that the economy is definitely effected by globalization, but not always in a negative way. In a sense, the world revolves around some situations dealing

getting management skills right is challenging but can be a rewarding. Poor performance needs to be addressed in any situation that requires management of people. Remember communication is the first key to successful management.