Four Function of Management
Assignment 2: The effects of internal and external factors on four functions of management
Introduction:
In the world of management, there are many internal and external factors that affect the effectiveness and efficiency of management. For a management job, a manager has missions to deal with the following functions: Planning, organizing, influencing, and controlling. Hence, it is crucial for any managers to understand those factors clearly and comprehensively to conduct their jobs with expected outcomes. This paper will emphasis on how internal and external factors influence the four functions of management through the five factors, namely globalization, innovation, diversify, technology, and ethics. Moreover, this paper will take some company in reality as examples to prove theoretical points of view.
Globalisation affects significantly four functions of managements; however organising and influencing are the most noticeable factors which attract managers to maintain its power and targets oversea. Meanwhile, diversify is normally considered as a part of globalisation. However, diversify is one way to reduce risk in operating; there are many ways of diversifying, and with each ways, there is a relative diversifying strategy. Accordingly, each strategy will affect four functions of management differently. In addition, technology affects the functions in the way that improving the effectiveness and efficiency of each function. For example, in controlling process, computing pregame can be useful to maintain the work-attending rates. Similar to technology, innovation noticeably affects the productivity in businesses. A new idea in products can drive the key concepts of planning process; Apple with a concentration on innovation bases on the creatively forehead products: Iphone, Ipad. Lastly, ethics affects the influencing function with highest outcomes, but it also influences other function, organising for example with the consideration of ethical issues to build
Introduction:
In the world of management, there are many internal and external factors that affect the effectiveness and efficiency of management. For a management job, a manager has missions to deal with the following functions: Planning, organizing, influencing, and controlling. Hence, it is crucial for any managers to understand those factors clearly and comprehensively to conduct their jobs with expected outcomes. This paper will emphasis on how internal and external factors influence the four functions of management through the five factors, namely globalization, innovation, diversify, technology, and ethics. Moreover, this paper will take some company in reality as examples to prove theoretical points of view.
Globalisation affects significantly four functions of managements; however organising and influencing are the most noticeable factors which attract managers to maintain its power and targets oversea. Meanwhile, diversify is normally considered as a part of globalisation. However, diversify is one way to reduce risk in operating; there are many ways of diversifying, and with each ways, there is a relative diversifying strategy. Accordingly, each strategy will affect four functions of management differently. In addition, technology affects the functions in the way that improving the effectiveness and efficiency of each function. For example, in controlling process, computing pregame can be useful to maintain the work-attending rates. Similar to technology, innovation noticeably affects the productivity in businesses. A new idea in products can drive the key concepts of planning process; Apple with a concentration on innovation bases on the creatively forehead products: Iphone, Ipad. Lastly, ethics affects the influencing function with highest outcomes, but it also influences other function, organising for example with the consideration of ethical issues to build
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