Internal Factors Business Environment Essay

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Internal and External Factors Essay

1027 WordsSep 12th, 20145 Pages

Internal and External Factors
September 14, 2014

Internal and External Factors
There are four management functions that are typically found in most of the business environments around the world. The four functions of management are planning, organizing, leading, and controlling. These are most commonly used in high level management to organizational management too. There are five major factors that affect these and many other business functions which are globalization, technology, innovation, diversity, and ethics. If you were to look into any organization, these would be factors and management functions would be found. McDonalds has been a global force in real estate and restaurant operation for many years now. The McDonald…show more content…

They strive very hard to make globalization a very high importance. Technology with McDonald’s plays a very important role in the everyday corporation of McDonald’s and all of its stores. Technology is changing every day and has an impact on McDonald’s corporation. Technology affects planning and organizing in the same ways as the function of globalization’s impact. The organizational plans of development are sent down from the top level managers, to the store managers, all the way down to the shareholders through technology. This also opens up a weakness to competitors by being open for them to see their plans. This can be affected by internal forces. With technologies improvements on day to day basis managers are able to communicate with their employees on a less frequent basis. This means the leadership would be a less amount and managing effectively would become worse. McDonald’s counteracts this by using technology to make the training courses more convenient and available to managers. Innovation is used by McDonald’s and that is why it is the world’s leading force in the fast food industry. It is done a lot in the menu offerings, internet services and the hiring and training courses. McDonalds keeps above the competition in America and all over the world in the innovation fast food world because of the real estate innovation combined with it. The internal and external factors have led McDonald’s

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External and Internal Factors Essay

1050 Words5 Pages

External and Internal Factors

There are many external and internal factors that impact the planning functions of management. We must all be mindful of these factors because they could have an enormous impact on organizations productivity. The process of assessing the external and internal factors that an organization will face can be vital to the planning function of management. One must determine a set of issues and constraints and then list the assumptions that will impact the implementation of the plan. The environmental assessment develops understanding of external and internal processes that influence the organizations success rate. The purpose of the environmental assessment is to identify and analyze the key trends, forces,…show more content…

Strengths and weaknesses come from the internal environment of the firm. Strengths can be exploited, built upon and made key to accomplishment of mission and objectives. Strengths reflect past accomplishments in production, financial, marketing and human resource management. Weaknesses are internal characteristics that have the potential to limit accomplishment of mission and objectives. Weaknesses may be so important that they need to be addressed before any further strategic planning steps are taken. A basic determination of a firm's relative strengths and weaknesses is often the first step in the internal evaluation. A hidden benefit in internal evaluations is the opportunity for participants to understand how their jobs, departments, and divisions fit into the whole organization. A manager's forced communications that occur across departmental lines produces an additional benefit in improving communication within the organization.

The assessment of internal factors analyze inside the physical confines of the organization. These factors are within the control of the organization. The internal assessment considers plan implementation, structure, culture, innovation, diversity, ethics, processes and technology. All of the factors can have a grave impact on the success of an organization. This is why the planning function of management is so important. Technology is rapidly changing, and for a business to succeed it must change with the time to adapt to

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