Internal and External Factors

I think the internal and external on the four function of management is planning, organizing, leading, and controlling. These functions of management are need in business to be successful in a continuously advancing world. There are some internal factors include ethics, diversity, and innovation. I think the ethics affects the leadership and controlling functions of management as diversity and innovation are the leading and organizational the functions of management. The external that affect the four function management is technology and globalization. I think that globalization and technology is the major factors that affect the business world today. Both are a most have in large organization by excel above their competition. They are also need to organizational in planning to keep up with the demand of readily available products. In today world the market can change overnight cause management to make decision that will put their company in a poison that they will adapt to the technology change in the business world. In the business world globalization are the important for the success of the growth and survival of the business marketing.
I believe major factor to a business success is the moral and the ethical integrity of the management team. The ethical is determines of the quality of their employees in a business that is able to retain and maintaining the loyalty in the business. When manager display ethical integrity in the business their employees would perform at a high level and build leadership within the business. If business practice ethical integrity their employees may not perform at their highest level and may also lost the loyalty in the company. In which cause the company late on products shipment and damaged some of the product. When company has lower quality of perform it would be hard for them to turn it around