Mgt-230 External/Internal Factors Paper

Only available on StudyMode
  • Download(s) : 487
  • Published : May 27, 2013
Open Document
Text Preview
External/Internal Factors Paper
Ms.Della Bond, Jessica Shurtleff, Julie Legette, Katharine White, Veronica Briggins MGT-230
May,20,2013
Instructor Dillhyon

External/Internal Factors Paper

The following paper will demonstrate how internal and external factors affect the four functions of management (planning, organizing, leading, and controlling) within the McDonald’s corporation. Additionally, this paper will also explain how globalization, Technology, Innovation, Diversity and Ethics affect’s the four functions of management

Introduction
Management is a necessary function of business that has been around for centuries. Management positions come in many different shapes and sizes. There are human resource managers who handle anything from benefits to employee relations and there are manufacturing managers who handle production quotas and employee efficiency. The four functions of management are planning, organizing, leading, and controlling. These four functions combined make for a well-rounded manager and if a manager is lacking in any area it can negatively affect employee productivity and morale. Because of outstanding management as well as the proper application of the four functions of management, McDonalds is one of the many American companies that have achieved global success. Planning

Planning is, “specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals” (Bateman & Snell, 2011, p. 15, Para. 3). Internal and external factors that affect the planning process within corporate McDonalds are organizational rudimentary intent and the range of procedures otherwise known as the mission and value of corporate McDonalds. According to McDonalds (2013), the Mission and Value of corporate McDonalds is “to be our customers' favorite place and way to eat and drink,” The Value of corporate McDonalds is “to continuously improving our operations and enhancing our customers' experience”...
tracking img