Internal-External Factors Paper.Team A

Internal-External Factors Paper.Team A - Running head:...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Running head: EXTERNAL/INTERNAL FACTORS 1 External/Internal Factors Team A Denisha Houston, Eddie Baez MGT/330 August 23, 2011
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
External/Internal Factors 2 Abstract Management in most business and organizational activities requires getting people together to accomplish desired goals and objectives using reliable resources efficiently and effectively. Management is comprised of four main functions planning, organizing, leading, and controlling. All four functions share a common trait which is to effectively and efficiently accomplish the organizational goal. There are many internal and external factors that affect businesses and how they are managed. Globalization, technology, diversity, and ethics are just a few of those main factors. We will discuss how these factors affect the four functions of management and in particular, how McDonald’s leveraged this to become the largest fast food chain in the world. Affects of Internal/External Factors on Functions of Management The business world is evolving on a daily basis and in order to compete, management must be able to adapt to the changes. Business leaders must decide the direction they want to pursue and assure that all levels of management are on board with the decision. To be effective and efficient decisions must be top driven. The four key functions of management planning, organizing, leading, and controlling are affected by internal and external factors. Mr. Ray Kroc, founder of McDonald Corporation, realized early on that if he was to accomplish his vision of establishing the largest and most successful fast food chain in the world, he needed his management team to adapt to the affects factors such as globalization, innovation, technology, diversity, and ethics his business would endure. He needed to establish his business as the leader in the industry so being different and innovating was crucial. Globalization is main-stream in any industry and recognizing that he needed to expand outside his comfort zone
Background image of page 2
External/Internal Factors 3 would be keep to becoming the biggest and the best. With globalization comes diversity as establishing buy-in from foreign countries is not always just about finances. Learning to deal with other countries is crucial so management must be ready to create a working environment that all nationalities can deal with. Modern technology has made a huge impact on the way we conduct business, with webinars, Skype, and ERP integrating systems that allow business to
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 8

Internal-External Factors Paper.Team A - Running head:...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online