Internal And External Factors

562 Words3 Pages
External/Internal Factors Paper In an organization, it is the responsibility of management to coordinate activities and use all available resources to meet specific needs and goals while adhering to company policies. Managers play a crucial role in any organization; giving it structure and providing a uniformed line of communication necessary to maintaining operations An effective manager employs a set of principles known as the four functions of management that include planning, organizing, leading, and controlling. It is not enough for a manager to be sufficient with all four functions, but internal and external factors have to be given adequate attention to as well. In addition, knowing the external and internal factors help organizations in identifying the business risks that exist in the environment in which they operate. In this paper, will mention how internal and external factors and other aspects such as globalization, technology, innovation, diversity, and ethics affect the four functions of management. Management technology includes a wide range of hardware and software solutions created to enhance managers' performance in their key functions. Since technology is adjusted to serve the functions of management, the functions of technology can be described in the same terms: communication, leading, planning, and control. Understanding how technology can enhance each function is key to using technology effectively to gain competitive advantages. Communication The first function of management is leading others, leadership skills when installed and used properly. Communications networks allow managers to speak with employees quickly via email and interoffice chat, while telecommunications technology allows managers to communicate quickly with employees inside and outside of the office via phone. Video conferencing software can allow managers to meet with
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