Affecting the Functions of Management
Both internal and external factors can affect the four functions of management differently. Some of the obvious internal factors would be such things as the company’s own strengths and weaknesses, which could include values, goals, skills, and even the attitudes of manager and the workers in the organization. Other factors can include the different tasks that the organization chooses as well as their resources and even the technology can be an internal factors. The external factors that can affect the functions of management can be very different these factors can include relevant forces outside the organization’s boundaries. Many of these external factors can be unpredictable and uncontrollable, which can have even bigger affects on the functions of management. Some of these uncontrollable factors can be such things as recession, government interference and even competitor’s actions. “The government can affect business opportunities through tax laws, economic policies, and international trade rulings”(Bateman & Snell, 2009). “An example of restraint on business action is the U.S. government’s standards regarding bribery” (Bateman & Snell, 2009) [The citation for a direct quote needs the page number]. These factors will be broken down into more detail later in this writing and examples for each will help to understand how these factors affect the functions of management.
Ethics
Established by founders of Nike, Phil Knight and Bill Bowerman have established and maintain an internal ethics standard across the global community (Nike, 2011). Nike, wanting more profit became a global company and outsourced to suppliers in third world countries. Nike manager’s promote Ethics Training for employees on a yearly basis and has established a global toll-free alert line for employees to report suspected code of ethics violations in the global community (Nike, 2011). Experiencing more profits because of low labor... [continues]
Both internal and external factors can affect the four functions of management differently. Some of the obvious internal factors would be such things as the company’s own strengths and weaknesses, which could include values, goals, skills, and even the attitudes of manager and the workers in the organization. Other factors can include the different tasks that the organization chooses as well as their resources and even the technology can be an internal factors. The external factors that can affect the functions of management can be very different these factors can include relevant forces outside the organization’s boundaries. Many of these external factors can be unpredictable and uncontrollable, which can have even bigger affects on the functions of management. Some of these uncontrollable factors can be such things as recession, government interference and even competitor’s actions. “The government can affect business opportunities through tax laws, economic policies, and international trade rulings”(Bateman & Snell, 2009). “An example of restraint on business action is the U.S. government’s standards regarding bribery” (Bateman & Snell, 2009) [The citation for a direct quote needs the page number]. These factors will be broken down into more detail later in this writing and examples for each will help to understand how these factors affect the functions of management.
Ethics
Established by founders of Nike, Phil Knight and Bill Bowerman have established and maintain an internal ethics standard across the global community (Nike, 2011). Nike, wanting more profit became a global company and outsourced to suppliers in third world countries. Nike manager’s promote Ethics Training for employees on a yearly basis and has established a global toll-free alert line for employees to report suspected code of ethics violations in the global community (Nike, 2011). Experiencing more profits because of low labor... [continues]
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(2011, 09). Internal and External Factors. StudyMode.com. Retrieved 09, 2011, from http://www.studymode.com/essays/Internal-And-External-Factors-778768.html
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"Internal and External Factors" StudyMode.com. 09 2011. 09 2011 <http://www.studymode.com/essays/Internal-And-External-Factors-778768.html>.
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"Internal and External Factors." StudyMode.com. 09, 2011. Accessed 09, 2011. http://www.studymode.com/essays/Internal-And-External-Factors-778768.html.
