...Globalization was a component that has swayed Google as it has been the other way around as well. Overseeing the globalization for the company from California was a pivotal phase of the business. Google is maintaining its business globally and with similar exhibition, the external risks are intensified. Google has foreign contention in all of its primary businesses: advertisement, internet search, social media, and mobile phones. Some opposition such as Facebook for the social media and Apple for the phones and tablets are leaders and Google must review these external factors. Another external factor that impacts Goggle’s globalization can be difficult because other countries may not want to use a product they are unfamiliar with. Therefore, a thorough explanation of why a product would be beneficial in another country is very important (Ford, 2010). China for example had outlawed Google as a prominent search engine for political consideration. These slumps are compensated by the importance that globalization produces inside Google. In 2012 the organization has a variety of human resources in different locations internationally that creates difficultly to a competitor to even think about emulating Google. “What the laggards have failed to grasp is that what matters most today is not a company's competitive advantage at a point in time, but its evolutionary advantage over time” (Hamel, 2006). Google manages to prepare for their future by understanding that preparing requires...
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...functions can be affected by the internal and external factors n a business environment. The external forces that affect the functions of a business include sociological, political, economical and technological (Montana & Charnov, 2000) External factors: Sociological: Includes; the demographic status and trends, work ethics and personal values, and general cultures. (pg, 566.) This factors influences differently on how management accomplishes its jobs. The social environment presented by each country is unique and as the business becomes international, management s ought to understand these unique environments. This understanding assists the management to plan for the future and design products for particular groups of people Economic and political: Includes; all the essential factor such as competitors, suppliers and customers in an open model of business the management must study the economy and political environment for a continual and dynamic relationship. In this system the management assumes that the business or company has both input and output. By studying the companies’ suppliers’, competitors and customers as well as current political factors, the management are capable of making effective managerial and decisions. The products designed under this should posses place, form and time utility to succeed in the mark place. Technology: Technology has the most dramatic effect on business as changes in this external environment are often quickly felt by firm. As...
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...IV. External Analysis A. General Environment B. Industry and Competitor Analysis C. Summary and Conclusion Critical Success Factors |CSF |Assigned Weight |CSF Importance to the Industry | | | | | |Length of service in the industry |0.10 |Years of experience as a key factor to | | | |success makes an impression which affects | | | |clients' preferences in choosing which | | | |product supplier or service provider has | | | |deeper understanding on such industry. The | | | |more years of experience an enterprise has, | | | |the more credibility it earns. | |Strong online presence |0.05 |It is a factor which calls the attention of | | | |the clients. It also serves as an | | ...
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...Internal and External Factors in Management Lorenita Borrero, Darlene See, Irene Malta, James Ortega MGT/230 June 14, 2012 Devin Daugherty Internal and External Factors in Management British Petroleum is a major world-wide company with a focus on finding energy sources to meet the needs of people everywhere. BP, like its many competitors, operates within the bounds of the four functions of management; planning, organizing, leading, and controlling. Management within the BP also has to deal with different business landscapes to make sure their company stays competitive. These landscapes would be globalization, technology, innovation, diversity, and ethics. BP has internal factors that can be corrected within these categories that can lead to its success; however they also come with external factors that the company has little control over. However not a rule, an organization is can have a factor that affects both the internal and external factors that affect the four functions of management. Globalization is described as “allowing a company to maximize its profits by trying to become the best in the world (Bateman, 2011).” British Petroleum saw the advantage in globalizing because of the world demand for natural resources. This was an internal factor that leads to the globalization of the company. One of the internal factors that helped BP in its globalization efforts was the company becoming public in 1995. This allowed it to become 12th largest producer of crude...
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...Political Factors Primarily, the company started their strategy by making the brand more profitable. This is to build a strong financial foundation. The main changes that had happened are from the accounting practices of the company. During the said changes and process of restructure, there are different political factors that might be considered. One of this is the environmental issues. As of now, more and more individuals and organizations are focusing on different issues regarding the environment. The fact that the company will be outsourcing from other countries, there are different international as well as local laws that must be considered in order to maintain the continuous process of the development. The trade restriction and tariffs are also another of the most important political factors that must be considered. This is due to the fact that the company already followed the strategy of Adidas and Nike in outsourcing their production in Asia. The primary reason for outsourcing of production is because, most of Asian countries offer lower labor cost and other taxes compare to Europe and America. In terms of political stability, due to the fact that the company is a multinational company that produce as well as sell their products in different parts of the world, there different political issues and events in other local partners that can affect the overall performance of the company. Economic Factors The said situation in the political factors, are...
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...FACTORS OF CAREER CHOICES AS DETERMINED BY EXTERNAL MILIEUS A Micro Research Paper Arabia, Lord Mark Anthony M. Villones, Wilson C. ED 4 Educational Research and Evaluation Masilang, Judy Marcia M. 22 March 2012 THE RESEARCH PROBLEM Career choice is an ongoing process, needs in-depth study, and requires much thought as it a decision that affects your future. As you learn new things you get an understanding of what you are interested in, what you would enjoy doing and what will be one of the best paying options. Career planning is a never-ending process as you gain experiences, grow, and improve. You need to give it a thought (Koonar, 2009). And there would always be a time that students will definitely begin to discern their future career. When the students reached this point, they now start to solicit ideas of what course to be selected as an embodiment of their future career. However, though most of them solicit ideas from the people who are learned in a particular discerning situation, they usually end up selecting their own choices (Polistico, 2009). When they fail to choose what their hearts desire, then would most likely shift course and end up the college level doubling the time intended for the particular course. The purpose of the study is to determine if career choice is really determined by the external milieus to which the students used to live. Furthermore, it seeks primarily to explore the extent of how these external factors could predict students’...
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...2010 m. December 3 d. External Environmental Factors Impacting Lithuanian Businesses Introduction First of all, it is very important to mention that every business has its own external factors, that indicate whether the business is going to succeed or not. Then, it is up to the business if they try to study carefully or not these external factors. By doing so, they will try to understand what the social, legal, political, technological factors are, and how they impact the market and their products. These factors have significant impacts into the challenges of the businesses in any country in the world. In fact, forces in the external environment are so dynamic and interactive that the impact of one factor cannot be disassociated from the impact of other elements. My paper will analyze how three chosen factors will stimulate the businesses in Lithuania, based on empirical researches done and then in the end, it will give recommendation upon those factors. The three elements that I have chosen to analyze are: social, competitive and technological. Factors In order to find out how these factors influence the business life in Lithuania, then a good source for that is: Enterprise Surveys. The enterprise surveys focus on the many factors that shape the business environment. These factors can be both external and internal ones. As it is mentioned already above in the introduction these factors can be accommodating or constraining for firms and play a key role, in deciding...
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...Main factors that affect the choice of brand LOREAL L’Oreal is a global organization. The company's activity is aimed at meeting the needs of the cosmetics on the global market. Thus L’Oreal is using common methods of its activities in all countries at the same time adapting them according to the features of a particular geographic market. All the variety of factors influencing the choice of the brand L’Oreal can be divided into two groups: external factors and personal factors External factors include marketing factors and environmental factors. L'Oreal has a direct impact on consumers through marketing factors. These include elements of marketing mix (product, price, marketing and communications). Environmental factors cannot be directly controlled by the company. However, they have a significant impact on consumer behaviour. The consumers have become taking into account the list of materials of which are manufactured the products of L’Oreal, closely watching the company's shares in favour of the environment. People increasingly require new tools that can really protect them from the negative impact of the exterior environment. Thus cosmetic sector currently relies on the creation of products based on the most advanced technologies. These tools allow you to solve most of the problems with the skin and hair, which will not cause an allergic reaction. Creating such products and costly research and development can only afford major companies such as L’Oreal. Economic...
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...Question: Businesses are influenced by a number of external factors. Grade the current external factors as positive or negative for Canadian businesses and explain why they are positive or negative. What can the government do to address possible business concerns they may have with the external factors. •Economic conditions •Emerging technologies •Political –legal considerations •Social issues •Global environment •Ethical issues and social responsibility Answer: My focus will be on the Canadian business environment. As most of the world is aware by now, the oil prices have been going down. This probably fits under global environment. In terms of Canadian businesses, depending which industry you are in, it is either a good or bad thing. It’s positively affecting businesses which the use of gas is a big expense to them, like airlines, trucking industries, and shipping companies to name a few. It is also a positive for us, the consumers, as we are paying considerably less for gas. We have extra money available to us, so we have more to spend. This could go as far as to be related to the economic conditions affecting businesses unrelated to oil in a positive way, as the Canadian consumers are willing to spend a bit more. In terms of negative impact, the main target is obviously the oil industry and the businesses in that field. Businesses have been going down, and a lot of people have lost their jobs. In turn, provinces like Saskatchewan and particularly, Alberta, are...
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...e-services currently being offered to the public on various state Board of Education websites. From the simplest calendar of events and directories to lost child notifications, what you can do with this type of media is endless. I currently have 3 children in 3 different schools (Elementary, Middle and High), the advantages of going on-line to check academic progress at a moment’s notice or find a missing assignment, far outweigh the risk associated with its effectiveness. There are many factors that may impact the effectiveness of e-services offered by state Boards of Education. Security and individual privacy are on the forefront of concerns. How secure are these sites and who has access to the data listed? Federal law requires the masking or hiding of data for groups with 10 or fewer students to protect confidentiality of individual students. But with a limping economy and the many budgetary cuts taking place is the proper funding available to ensure these sites are secure? One of the biggest factors that may impact the effectiveness of e-services offered by state Boards of Education is the lack of money or financing to properly build and maintain these web sites. A lack of funding or sudden elimination of a funding source may affect the ability of state boards to provide adequate security. Additionally, the lack of funding may affect the ability of states boards to offer across the board e-services to all school districts, let alone the support required to maintain these sites...
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...Functions of Management Pierre’ Daniels University of Phoenix March 14, 2011 As defined by Bateman & Snell (2009), the art of management is “the process of working with people and resources to accomplish organizational goals.” Understanding the goals of management given the four functions of management is one of the foundations to ensure success as a manager. Although management positions change hands while organizations continue to grow and develop, the fundamentals of management remain the same. The four functions of management include, 1. Planning 2. Organizing 3. Leading 4. Controlling. 1. Planning The first function in management is planning. According to McNamara (2008), examples of planning include: “strategic planning, business planning, project planning, staffing planning, advertising and promotions planning.” During the planning stage, management must first develop specific goals for the organization to achieve. Having set goals will ultimately keep an organization focused on mission accomplishment by knowing what they are working for. In addition to setting the goals for an organization, management must also consider in advance the necessary steps and resources required to achieve these goals. In order to properly plan out and take steps in the execution of organizational goals, one must consider the current and future objectives of the organization while developing strategies to overcome any obstacles that may arise. With a solid...
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...Sample The Marketing Environment: McDonalds Corporation Debra Smith BU100 Kaplan University August 1, 2006 The Marketing Environment: McDonalds Corporation McDonalds is one of the great American corporations. But as with all corporations dependent on public goodwill and consumer trust, they must deal with various events and forces in the environment. This paper deals with the major forces in the environment as they affect McDonalds. Competitive Forces McDonalds is the world’s number one fast-food company by sales, with more than 31,800 flagship restaurants serving burgers and fries in more than 100 countries. Almost 30% of its locations are company-owned; the others are run by franchisees. Sales in 2005 were $20,460.2 million and 447,000 people were employed world wide. [i] McDonalds’ major competitors are Burger King, the number two hamburger chain, and Wendy’s, number three. McDonalds also competes with Yum Brands, Inc., “which actually is the largest fast-food operator in the world in terms of number of locations, with more than 34,000 outlets in more than 100 countries. Yum Brands restaurants include the number 1 chicken fryer, KFC (with more than 13,500 units), top pizza joint Pizza Hut (about 12,500), and quick-service Mexican leader Taco Bell (more than 6,000)...
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...Internal and External Factors Learning Team Arib, Chuck, Caleb, Jeff MGT /230 July 14, 2013 NEO WILLAMS External and internal factors affecting any organization come in many forms and may cause major impacts to the organization in different areas. Assessing external and internal factors that organizations may face can be vital to the four functions of management. These four functions planning, organizing, leading and control are a continuous process that managers will need to adapt to ever changing environments. In this paper, the team will discuss the internal and external effects British Petroleum experiences caused by globalization, technology, innovation, diversity and ethics and how they affect the four functions of management. British Petroleum is truly a global organization with operations in Europe, Asia Pacific, the Americas, Middle East and Africa. Many internal factors since starting in 1908 have led to the company’s globalization including how the organization changes its practices to compete on a worldwide scale. British Petroleum production, product diversity, development, customer service and marketing strategies are just a few examples. Since British Petroleum inception and first drilling operation in Persia, many external factors have affected the company’s growth. Planning for such expansion does not happen overnight, but the organizational goals have remained the same. Finding the right people, gaining capital, management needed to become accustomed...
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...Internal and External Factors MGT/230 January 23, 2012 Internal and External Factors The four functions of management are planning, organizing, leading, and controlling. Planning outlines a specific goal for the company to complete. Organizing sets the company up on how the goal will be completed. Leading is done by a manager that motivates the employees to complete the goal. Controlling is done by a manager to review the progress and make any changes to complete the goal. There are internal and external factors that affect the four functions of management. A company that faces internal and external factors is United Postal Service (UPS). UPS is a worldwide shipping company that uses the four functions to develop and grow the company. Some factors that impact the development and growth are globalization, ethics, technology, innovation, and diversity. The first two factors are globalization and ethics. Globalization offers companies and organizations the opportunity to grow and see large profits, and UPS has global experience for over 80 years. UPS has an established global network in Asia, Canada, Europe, Middle East, Africa, and Latin America. A major problem for companies going global would be culture and language barriers. UPS is cultured to be aware of foreign countries customs and makes sure the people doing business have a basic understanding of how to do business there (United Postal Service, 1994). UPS is a logistics engrained company, and because...
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...Internal & External Factors Paper Osvaldo Lopez MGT/230 06/17/2015 Tricia Stewart Internal & External Factors All successful organizations are affected by internal and external factors. These internal and external factors have an impact on the organizations four functions of management. The organizations that better adapt to these factors are the organizations that are the most successful, the more profitable and the companies that have will be around for a long time. AT&T is a company that has been around since the 1800’s and has been able to adapt to these internal and external factors that in a lot of cases affect the four functions of management, which are planning, organizing, leading and controlling. One of the four functions of management is the planning stage, which is setting up short term and long-term goals. Historically as the book states this is the time were executives set up business plans for other in the company to follow. Internal factors that can affect this stage can be budget restrictions. AT&T can also be affected by laws and regulation, which can persuade the planning stage to go in a different direction. The planning stage is an integral part in a company given that is giving us the future outlook of the company. The next function of management is organizing. This is the stage where all of the company’s goals are separated and assemble in a way for each department or individual can do their part to achieve their goal...
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