Internal And External Factors: Verizon

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Verizon: External/Internal Factors MGT/330 January 28, 2012 Verizon: External/Internal Factors The four functions of management continue to guide Verizon through internal and external factors successfully. Of course, management needs to work creatively in problem solving and execute all the four functions in order to attain the objectives and goals in a way that the cost of accomplishment is viable for the company. Some of the internal and external factors that Verizon must effectively and efficiently guide themselves through are globalization, technology, innovation, diversity, and ethics. Verizon will need to continually adjust how they use the four functions of management to handle the strategic, tactical and operational decisions for the organization, and a crucial tool that Verizon uses to do so is delegation. How Internal and External Factors Affect the Four Functions of Management Like many others successful organizations, Verizon still stands on the four functions of management (planning, organizing, leading, and controlling) to guide them into the future. Even though these functions has changed and evolved over the years, they remain as relevant and useful as ever before. They help management lay out the blueprint for how they will operate their organization. There are though factors, internally and externally, that affects how each of these four functions of management are designed and carried out. It is the planning stage where management decides what direction they want to carry their business, and how they will get to the goals they have set. Resources that the company posses, is an internal factor which impacts the planning by management. Verizon must determine what resources they have available and how they can be used, when they are deciding on the goals they wish to achieve. Customers are an external factor that must

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