Internal And External Factors Team

499 Words2 Pages
Intro The four functions of management are essential to running a successful business. However, there are many factors, both internal and external, that affect these functions of management. After identifying these impacts it is essential for managers within a corporation to deal with these factors through delegation and planning. There are many examples of the affect of internal and external factors on businesses in America. This paper will analyze the impact of such factors and management responses within the General Motors, Inc. Internal and External Factors Effects on Four Functions Planning, organizing, leading, and controlling are the four vital functions to effective management (Bateman, 2009). First, planning is “the conscious, systematic process of making decisions about goals and activities that an individual, group, work unit, or organization will pursue in the future” (Bateman, 2009). Although planning is very similar to decision-making there are several steps that managers can take to ensure proper implementation with employees. The primary aspects of successful planning include goal setting, control, and follow-up. Setting effective SMART goals with employees can ensure that targets are reached (Bateman, 2009). Once effective goals are set, it is necessary for the manager and employee to set a plan of action to meet desired targets. In addition to optimal plans, additional plans should be made to ensure proper implementation of directives. It is the duty of management to evaluate all action plans of employees and to weight the strengths and weaknesses of each plan. Next, after evaluating each plan the manager must select that which best suits the employee and company directives. The final and often overlooked step in the process is controlling and monitoring of plans. This is a vital step to identify the accuracy and outcome of plans while
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