External/Internal Factors

immaterial/Internal Factors MGT 330 Linda Fisher-Lewis December 2, 2008 University of Phoenix The purpose of this physical composition is to ask and answer the questions, how do upcountry and external factors refer the 4 functions of management (planning, organizing, leading, and controlling), and how does globalization, technology, innovation, diversity, and morality cushion each of the tetrad argonas. Also, explain how managers can role delegation to manage the incompatible factors listed above. There atomic number 18 many external and inner factors that invasion the four functions of management. External and inhering factors have an enormous impact on placements productivity. The puzzle out of assessing external and internal factors that an organization will face is vital to the planning function of management. An internal and external environmental judgment develop s understanding of the processes that will influence an organizations success rate.

The purpose of an environmental discernment is to identify and see the key trends, forces, and phenomena having potential impact on the formulation and slaying of strategies. In effect, the environmental assessment attempts to prepare the organization to acclimatise the environmental changes to take vantage of opportunities and minimize the adverse personal effects of threats. The organization can hence prioritize issues, constraints, and assumptions that could influence the four functions of management. External factors are such( prenominal) that many if not all are beyond ! the organizations control. The process of globalization encompasses combinations of economics, technological, innovation, socioculture, and political influences. The external and internal influences can be felt in several contrasting ways with globalization. The economic ramifications can be felt launch on the freedom of exchange of goods and services while globe influenced by the emergence worldwide production and financial markets. such(prenominal) emergences would acknowledge political, social, and economic influences. Technological and innovation are enhanced with the growth of infrastructures on a global dry land allowing a greater... If you want to get a full essay, wander it on our website: OrderCustomPaper.com

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