...Internal and External Factors Paper By: Kyle Mura MGT 230 Bill Escue Internal and External Factors Paper By: Kyle Mura MGT 230 Bill Escue In the past, working for Family Dollar gave employees the opportunity to witness the manager at the store use the four functions of management in the daily routine. The four functions of management are planning, organizing, leading and controlling (Four Functions of Management: Planning, Organizing, Leading & Controlling, Study.com, Chapter 1 Lesson 4). Being an employee at Family Dollar has given them the ability to write about their experience witnessing the action. The internal and external factors that this employee is choosing to write about are Technology, Diversity and Ethics. During the time at Family Dollar, employees witness many times when technology was good and bad. Most of the time, the problems were with the P.O.S. system needing to be updated or where the time clock software needed to be updated. The manager was pretty good on keeping all systems up to date, but that was due to my manager being able to plan around the updates. Most updates my manager was able to have happen after the store had closed so no interruptions would happen during regular business hours. There were times when even trying to plan, updates during business hours had to happen, in which case, the manager had always posted signs on the doors warning customers of possible interruptions during checkout. The manager was always organized with...
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...“Management Planning Presentation” Fritz Gerald Pierre MGT 230 12/05/2012 Dr. Tamara Mangum Individual Management Planning Presentation Imagine you are an executive for BP, and you are preparing a presentation for the board of directors about the organization’s direction. Create a 10- to 15-slide Microsoft® PowerPoint® presentation, with speaker notes, in which you address the following: Evaluate the planning function of management as it relates to the organization’s goals and strategies. Use steps in the planning process outlined in the text. * Analyze the influence that legal issues, ethics, and corporate social responsibility have had on management planning at BP. Provide at least one example for each. * Analyze at least three factors that influence the company's strategic, tactical, operational, and contingency planning. Format your paper consistent with APA guidelines. http://www.scribd.com/doc/95091675/Management-Planning-Presentation Planning Part of the management function that involves setting goals and deciding how to best achieve them is called planning. [ Setting goals and developing plans helps the organization to move in a focused direction while operating in an efficient and effective manner. Strategies or plans are then developed for moving the organization closer to its goals. Types of Planning There are four types of planning a company can use; strategic, tactical, operational and contingency planning. Planning...
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...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 to new market environments...
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...Internal and External Factors Paper David Munoz, Raymond Richards, Noemie Neipert, Donald Robertson University of Phoenix MGT/230 - MANAGEMENT THEORY AND PRACTICE MU12BSB05 Dr, Zeneo Williams 08/20/2012 Internal and External Factors Paper Internal and external factors can play a big part on management in negative or positive ways. This paper will cover some of the factors that arise both internally and externally within a company that can and will affect individuals in management positions. This paper will cover factors dealing with globalization, technology, innovation, diversity and ethics. Furthermore this paper will explain how factors in some of the categories mentioned can affect some aspects in the four functions of management. According to Bateman (2011), Management is broken down into four functions planning, organizing, leading and controlling (Chapter 1). An overall definition of management is working with people and resources to achieve organizational goals. Performing these actions can be made more difficult by factors within a company and factors external to that company. A large worldwide company such as Toyota must keep a lot of factors in mind while also attempting to accomplish these goals. Managers play a vital role in adapting to situations within companies such as Toyota they must be aware of changes and situations on a global scale. Some examples will be provided on how managers have to deal with planning, organizing, leading and...
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...MGT/230 Assignment – Internal and External Factors Paper Johnson and Johnson (JNJ) began in the late 1880s as a family owned and operated business geared toward the health care and first aid of individuals. In their first 20 years of operation, Johnson and Johnson built a solid domestic business and were among the first responders to the 1906 San Francisco Earthquake. Currently, Johnson and Johnson span the globe with more than 250 locations in 57 countries ("Johnson and Johnson Company Structure", 2011). In JNJ’s century plus experience and business operations, adjusting and adapting the functions of management to meet operational goals and public demands is a testament to their longevity. From their worldwide expansion, innovations in healthcare, business ethics, contributions to technology, to their community diversity, JNJ provides a “How to Succeed in Business” guide for others to follow. Internal and external factors involved in technology affect management’s efficiency in planning, organizing, leading and controlling. The new advances in technology have provided new production techniques and new ways to manage and communicate such as telecommuting and robotic manufacturing. The technology of computers has increased productivity and performance. Management is able to watch and learn what the competitors are doing and improve the efficiency in decision making. There are also threats involved with technology when ensuring the most up to date technology...
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...Decision-Making Process Paper MGT/230 Decision-Making Process Paper Important decisions are made daily within my life that will ultimately affect my future. Lifelong challenges which include career path choices, personal wellbeing, and lifetime goals are constantly evaluated; seeking to achieve a greater result. The ideal decision-making process as described in (Management: Leading & Collaborating in a Competitive World) Bateman and Snell (2011) includes six stages: * Identify and diagnose the problem * Generate alternative decisions * Evaluate alternatives * Making the choice * Implementing the decision * Evaluating the decision I use this method to make decisions and evaluate all possibilities before implementing the idea into an action. When I decided to go back to school, I had the option to continue with my last employer to change for a lighter workload while attending. I did not want to limit myself to my previous hourly wage and position. I look at all alternatives before deciding to focus on school and obtaining my real estate license to establish another source of income. Implementing decisions are challenging in the sense that you may face opposition towards changes. (Decisions are likely to attract varying degrees of opposition, ranging from mild dissent to outright resistance.) ("Laynetworks", n.d) Once an idea is implemented into my daily life, I constantly evaluate my situation to determine if my actions are leading to my overall...
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...Team Decision Making Analysis Jesus Kyriakides MGT/230 Oct 13, 2014 Kay Sears The Destination CEO videos offered a great insight into the lives of the people that have to run the huge organizations. It seems as if all of them have been faced with a challenge somewhere within their careers. The following paper will discuss the different corporate strategies: growth, stability, and renewal. It will also discuss how each CEO used the planning function of management which are concentration, vertical integration, and diversification. The corporate strategy that was used by Neville Isdell is growth and the planning function used is diversification. This is due to the fact that he is seeking to branch out by selling non-carbonated beverages. Such as Coca-Cola Black, a coffee and buying all or part of vitamin water from Glasso. The corporate strategies used by Gary Kelly are growth and stability, and planning function of management is concentration. The reason for this is locking up the hedge fund contracts, and keeping cost down. Continuing to fly the same planes (737) so that parts and maintenance are easy is a great strategy. He also promotes treating customers like kings and queens, and employees even better! The corporate strategy used by Mackey McDonald is growth and the planning function is vertical integration and concentration. This is because of the focus on their lifestyle brands, such as Vans and Reef. They avoid getting involved in the high risk fashion brands...
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...Decision-Making Process Paper MGT/230 February 27, 2014 University of Phoenix Decision-Making Process Paper Making decisions it part of our life, in fact I have to make a decision every day at school, work and home. Making the decision of going back to school was an important event in my life. I knew that retaking my education would change my routine and most important it will take some of my family time. Making the decision was simple because I know what I want to accomplish, but the process was more than just say I will do it. It did take me several steps to take the final decision that led me to University of phoenix. The first step was the reason of going back to school. I want to get a degree; I know that a bachelor’s degree in business administration and management will open opportunities with my current employer. Second I needed my family approval. I know that without the support of my family it is almost impossible to accomplish my goal. Third step was look for the right school. It is very important that the school that I am planning to attend it will fit my needs, especially since my schedule is very tight. Once I did talk to my advisor at the University of Phoenix; I decided to stay at University of Phoenix because it’s accelerate program, the time and hours are very convenient for me. Lastly my finances play a big role, I knew that UOP tuition was pricy and my budget are very tight, so I did take advantage of my education benefits from the Department of Veterans...
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...Four Functions of Management Paper Thomas Jennings MGT / 230 March 12, 2012 Margaret Terrasi Four Functions of Management Paper To make a company truly successful creativity and monetary wise it realize on management who also makes sure that rules and regulations are enforced. If you have management that is not a team player it could affect the output of employees that are under him/ her. Mangers are there to make sure that everyone feels comfortable and that they are being part of something bigger then themselves. This comes from team cohesion exercise to planning team events for the office so others can interact without being in the confines of the work place. A true manager is one who is a thinker, a creator and one who leads by example and those around them want to emulate them. In order to have success in management you must master the following in order to make sure everything is covered. You must start planning daily, weekly and monthly if possible in order to keep everyone on the same page. By planning a manger can map out what a solution is to a certain task may be beforehand. (The Free Dictionary, 2012) This is an important skill this allows the manager to try and anticipate any problems that may arise. Organization and planning go hand and hand, by organizing you’re pervading a structure in which you want others to follow. (The Free Dictionary, 2012) This attribute is important this alleviates a lot of confusion when pertaining to multi-tasking giving...
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...Management Theory & Practice Tara Neitzel MGT/230 13 January 2014 Hilary Johnson- Lutz Abstract There are many times in my life that I have had to make executive decisions to make certain changes in my life. One change in particular that I have had to embrace recently is changing my job. There were many decisions made in this big change, it took a lot of thought, planning, and the weighing of pros and cons. In this paper I have decided to go into depth about this change, which led to many differences in my everyday life. Management Theory & Practice Recently I had to make some big decisions about changing my job from one career to another, from one city to another. I had to make the decision based on many factors. First I began looking for another job, I was trying to decide how far away from home to search, what field I want to work in, what salary I was willing to take, really, what will make me happy in all aspects. First, I had to decide how far I was willing to commute. Time is huge for me, and I wanted to make sure it made sense, as I was working 5 minutes from home with my job at the time. But I just wasn’t happy. So I set out to find a job within a reasonable distance from my house. I started looking into staffing agencies, and doing my own search for a job. I came along an interesting job, something I thought I might enjoy, and the salary was about right for me, the only problem was that I could not get over that my commute to work...
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...Internal and External Factors Paper MGT/230 October 12, 2015 INTERNAL AND EXTERNAL FACTORS PAPER The purpose of this essay is to explain how both internal and external factors affect the four functions of management. And how those factors also affect the organization of Verizon wireless Level One Heading The major four functions of management includes planning, controlling, organizing, and leading. These four functions could be affected by both internal and external factors in any business environment. Planning in management is systematically making decisions based on goals and activities that will be pursued by an individual. Controlling in management is the Monitoring performance and making changes. Organizing in management is assembling and coordinating human, financial, physical, information, and other resources needed to achieve goals. Leading in management involves the manager’s efforts to stimulate the high performance by employees. The external forces that affect the four functions of a business in management includes political, economic, technological, and sociological. Sociological is the demographics status in which helps management to plan for the future and design products for different aspects of people. Political and Economic includes all essential factors such as competitors and suppliers and customers as well this allows them to study their suppliers and competitors. Technology has a big effect on businesses, and...
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...Internal and External Factors Paper Luis Molina MGT/230 November 13, 2013 University of Phoenix Internal and External Factors Paper There are several internal and external factors affecting the functions of logistics planning. These you must have all the factors in mind, as they can have a huge impact on the productivity of organizations. The common four functions of management involve organizing, planning, controlling, and leading; the evaluation process of the internal and external factors that the organization will face that can be a risk for the management of the company. As a company you have to determine a set of problems and limitations, list of the factors that affect the implementation of the management plan. Developing the environmental assessment helps the understanding of the internal and external processes that will influence the success rate of organizations. The main purpose for environmental assessment is for the company or organization to be able to identify and analyze the major trends, forces and phenomena that have a potential impact on the implementation of strategies. Indeed environmental assessment helps to prepare the organization to acclimate to environmental changes and take advantage of opportunities and minimize the adverse effects of hazards. Once the environmental assessment is completed, is analyzed to prioritize the problems, limitations and assumptions that could influence the planning function of management. The assessment of external...
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...Internal and External Factor Paper MGT 230 September 21, 2015 Jack Geer Internal and External Factor Paper The four functions of managements is planning, organizing, leading, and controlling one’s organization. These functions should be used by managers to be more efficient in “achieving goals with minimal waste of resources.” (Management, Pg. 15) All four functions of management are key elements to be effective as a manager. Planning is described by “specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals.” (Management, Pg. 15) A manager should have a plan before implicating any decision making. When a manager makes a plan, they can re-evaluate the plan and make any adjustments to the plan where they seem fit. Planning helps deliver strategic value within an organization or business. Organizing is described as “assembling and coordinating the human, financial, physical, informational, and other resources needed to achieve goals.” (Management, Pg. 15) After a manager has implicated a plan, they would then want to organize the plan by delegating authority, assigning work and providing direction to the employees. Controlling is described by “monitoring performance and implementing necessary changes.” (Management, Pg. 15) After a goal has been completed, the manager may monitor the performance by employee that may include, but not limited to, monetary goals, reducing customer complaints...
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...Internal and External Factors on Management Functions MGT/230 Internal and External Factors on Management Functions The four functions of management are generally described in this order; 1. Planning 2. Organizing 3. Leading 4. Controlling These functions are affected by factors from inside an organization as well as outside of the organization (Bateman, 2011). Some of these external factors include globalization, competitors, suppliers, technology, customers, the government, and economic conditions. Factors inside a company can be production issues, personnel problems, finances, ethics, lack of innovation, and cultural diversity can be either internal or external (Bateman, 2011). The corporate model that Google has demonstrated in the modern era is one that is worth further study. Google’s management style starts with strong leadership and their record of innovation is certainly one of their strengths. Examination of these factors and how they can affect the functions of management will be explored in this paper. The first function of management is planning. When the management of Google was ready to begin planning this meant that they were fully aware of their overall objective. An internal factor to Google was their strength of really understanding their objective because they were internet users and understood how convenient a web-based search engine would be successful. External factor of planning was this opportunity to create Google effectively...
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