External & Internal Factors Essay

1739 words - 7 pages

External and Internal Factors

External and Internal Factors
Management is a universal concept because its principles and techniques are used all over the world, irrespective of their level of development. The basic objective of the management is the progress of people and not the direction of things. The conservative explanation of management is obtaining work done through its people, but the factual management refers to the development of people through work. The management should make the difficulties interesting and their solutions productive for the team members so that everyone can deal with these situations. Management has to provide effective leadership, promote team spirit, set ...view middle of the document...

Proper planning and organizing have to be done while planning for globalization. It involves various material and immaterial resources to be used in exchange of the interrelated processes between the borders.
To understand the impact of internal and external factors, the example of AT&T is taken. American Telephone and Telegraph Company (AT&T) is the largest fixed telephone company in the United States. The American Bell Telephone Company established AT&T in 1885.
According to AT&T (2007), “Today’s companies are realizing that growth abroad must be supported by corresponding IT investments” (Convergence as a global competitive driver, Para. 13). When globalization is in play, AT&T uses platforms as a planning key because organizations are seeking to maximize their voice and investments; trying to reduce their communication costs. AT&T will stay organized by integrating multiple communication channels and increasing the richness of communications to the people who need it. Integrating the companies, which are working with AT&T, will be able to arrive at decisions in shorter time and enhance their workflow. In leading in globalization, AT&T has experts who have in-depth consultancy and experience to relate technology to business quickly; this leading will keep AT&T in control by forming tighter lines with their customers, partners, and vendors.
AT&T can delegate globalization responsibilities by using services they provide and distribute it through there strategists, engineers, and specialists who can help achieve their goals in globalization.
Technology
One of the most revolutionary technological advances of the time is the Internet. Our corporate and personal culture quickly became dependent on this technology and has influenced every other aspect of lives, but eve n more so for AT&T. Cell phone companies are racing to keep up with the growing demand from business and individual customers who want, and need, to be connected continuously. When a new technology or an up-graded version is adopted in an organization, it affects the existing planning. The new modifications have to be done so that the new technology adopted fits in and is aligned with the organization. To carry out for each of the norms of the company and to be periodically evaluated needs to be done properly.
AT&T has remained on the border of technology, because of its inception in 1877 as The Bell Telephone Company, the predecessor of AT&T (AT&T, 2010). Today, these new technologies vary from IP network management to automatic speech recognition and next- generation text-to-speech products. To maintain this impressive record of innovation, takes thorough planning, and vision. AT&T is equally committed to the bond they the share with one another and their customers; their focus on technology leadership and innovation; and a culture of commitment (AT&T, 2010). ...

Other Papers Like External & Internal Factors

Internal and External Factors Essay

1294 words - 6 pages Internal and External Factors Kathy Wilks 05/18/2014 MGT/230 Most business’ have their own rules and the way they run things with their own ideas of which functions are the most important to their particular line of business. However, any business will agree that there are four functions of business that all business’ need to follow and run by. Without the use of these functions it is easy to say that the business

External / Internal Factors Essay

1672 words - 7 pages External/Internal Factors MGT330 July 18, 2011 External/Internal Factors “We have always believed that building strong leaders is a strategic imperative. When times are easy, leadership can be taken for granted. When the world is turbulent, you appreciate great people.” – Jeff Immelt, GE Chairman and CEO Internal and External factors play a great part in the four functions of management. These factors can impact these four functions in

External/Internal Factors Paper

1666 words - 7 pages External/Internal Factors Paper Rafael Caraballo MGT/330 22 October 2012 “We have always believed that building strong leaders is a strategic imperative. When times are easy, leadership can be taken for granted. When the world is turbulent, you appreciate great people.” – Jeff Immelt, GE Chairman and CEO Internal and External factors play a great part in the four functions of management. These factors can impact these four functions

Internal and External Factors

1252 words - 6 pages Internal and External Factors Meagan ***** MGT/230 July 18, 2013 Internal and External Factors Every company follows the four functions of management: Planning, Organizing, Leading, and Controlling. As one of the leading competitors in the cell phone industry, here in the United States as well as across the globe, AT&T is no different from any other

Internal External Factors of Management

1752 words - 8 pages important to monitor public opinion to try and defuse potential issues before they begin to spread Internal environmental components that affects business enviroment The internal business environment comprises of factors within the company which impact the success and approach of operations. Unlike the external environment, the company has control over these factors. It is important to recognize potential opportunities and threats outside

Mgt 330 External Internal Factors

2169 words - 9 pages External/Internal Factors University of Phoenix Management: Theory, Practice and Application MGT/330 Oren Gilbert May 29, 2011 Abstract In this paper we will analyze the functions of management at St. Jude Children’s Research Hospital. Looking at the four management functions (planning, organizing, leading, and controlling) and how the functions are affected by internal and

Apple- Internal and External Factors

2300 words - 10 pages Apple- Internal and External Factors Julietta Parker, Takesha Lee, Doan Clark, Dewey Privett, Brian Green October 08, 2012 MGT/230 Management Theory and Practice James De Clue Apple- Internal and External Factors Apple Inc. is an electronically based Fortune 500 company founded in 1976 by Steven Wozniak and Steven Jobs (Sanford, 2011). It is a corporation that designs, manufactures, and sells iPod, iPhone, iPad, and Mac. Over the years

Internal and External Factors Paper

1077 words - 5 pages Internal and External Factors Starting from one man's kind gesture to help wounded soldiers, The Red Cross has grown to be known around the world for their compassionate care for those in need; Working to prevent and/or relieve suffering, the Red Cross is made up of donors, volunteers, and employees. These people come together from all walks of life in order to help those less fortunate or those who have been over-taken by disaster. There are

Internal and External Factors in Management Paper

1165 words - 5 pages 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

Internal and External Factors and Management Functions

1262 words - 6 pages Internal and External Factors and Management Functions MGT/230 Internal and External Factors and Management Functions A company’s success often rests within its ability to observe and analyze itself, both internally and externally. This is a large undertaking, and must be accomplished carefully, and on a daily basis. When management ignores factors that contribute to the company’s well being, it

Xmgt 230 Internal and External Factors

1505 words - 7 pages Internal and External Factors D. Rams XMGT/230 8/10/2015 Beverly Williams Internal and External Factors There are four functions of management; planning, organizing, leading and controlling. Planning happens within these functions and helps to deliver strategic value to a business. Organizing builds a dynamic business, and leading helps to mobilize employees. Controlling is a part of learning and changing as

Related Essays

Apple Internal & External Factors Essay

1217 words - 5 pages Running head: Internal and External Factors Internal and External Factors MGT/230 Apple Inc. Apple is a household name because of the company’s ability to manage the changes of internal and external factors in the market. Internal and external factors influence the functions of management; planning, organizing, leading and controlling. Internal factors include the business’s reputation, their image, how there company is structured and

External And Internal Factors Essay

1626 words - 7 pages External/Internal Factors Carl R. Foster MGT 330 Linda Fisher-Lewis December 2, 2008 University of Phoenix External/Internal Factors The purpose of this paper is to ask and answer the questions, how do internal and external factors impact the four functions of management (planning, organizing, leading, and controlling), and how does globalization, technology, innovation, diversity, and ethics impact each of the four areas. Also

Internal And External Factors Essay

1587 words - 7 pages Wal-Mart’s Internal and External Factors Jessica Kiernan MGT/230 May 26, 2014 Terrell Kennard There are many ways that internal and external factors affect the four functions of business. The four functions of business are planning, organizing, leading, and controlling. All functions are vital when running any successful organization and should be taken into account at all times. Globalization, technology, innovation

Internal And External Factors Essay 1099 Words

1099 words - 5 pages Internal and External Factors Paper Lakeitcha Alexander MGT/230 March 12, 2015 David Grier Internal and External Factors Paper According to Bateman and Snell (2011), the four functions of management are important key elements that are use in order to be a successful manager. These functions consist of planning, organizing, leading, and controlling. When utilizing these functions, it is important that each receive the equal amount of