Nestle has manufacturing hubs in multiple different countries and boasts a very diverse workforce. One of the most important factors is competition, which can drive managers the vastly change their way of thinking.
Externally, a company must contend with issues related to competition, regulations, and consumer demands. Managers are affected by globalization because it changes the planning function.
If a manager has a weak moral compass, the moral decisions of employees will be shown in their actions. Nestle releases products in hundreds of different diverse markets, thus making the remote collaboration an important part of their business model.
In this situation, managers would need to determine if a suitable substitute ingredient can be used or if the product will need to be reformulated.
Global firms are creating new systems of management that increase productivity and agility in business. A second potential issue is government regulation Lindbald, Existing policies act as barriers for managers who wish to take a different approach to certain policies.
Technology Technology makes it possible for Managers to organize at a much higher level than ever before. Rather than only focus on domestic opportunities, managers must now look into opportunities presented by global partners. For example, if a product is developed that is offensive to a certain background, a diverse workforce will be able to identify this issue before the product ever reaches the market.
Managers must include ethics into their leadership style to motivate workers to make good decisions. This statement sets the tone for management ethics and influences decisions throughout the company. If consumers can order cheaper products directly from a foreign supplier, domestic managers will need to use the controlling function to adapt to these competitive forces.
Also, global companies can drive competitive forces into the domestic marketplace. Take for example a pharmaceutical company that produces blood pressure medication that uses a rare synthetic ingredient in their product line. Once a culture has been developed, it can be difficult for a company to change direction.
In your Learning Team, prepare a 1, to 1,word paper addressing the following: Managers must be able to handle the language and cultural barriers that arise in such a diverse company. Diversity A diverse workforce can lead to unique perspectives that help businesses solve complex problems.
The manager can organize project data through the Cloud without ever needing to be in physical contact team members. Managers have a variety of tools at their fingertips that allow them to analyze performance and make innovative decisions based on this information.
Throughout the following paper, our learning team will discuss some of the main issues surrounding the four functions of management as they relate to the global business environment.
This allows companies to build highly connected teams that work remotely. Another internal factor affecting the four functions of management is existing policies within the company. Primarily driven by Internet and communication technology, the global economy enables businesses of all sizes to connect with foreign corporations.
Ethics A strong moral code of ethics is required to ensure all stakeholders are treated equitably. Internal Factors Affecting the Four Functions of Management As a company grows, it develops a corporate culture that reflects the leadership styles of influential managers.
While policies are effective at limiting a certain type of activity, they can get in the way of innovative management techniques. Globalization Globalization has connected businesses from around the world, allowing partnerships that were not previously possible. For instance, a manager in Los Angeles has the technology to collaborate with employees in Houston, Mexico City, and Oslo on a single project.
Workers will reflect the decisions made by their leaders, which is amplified by the number of subordinates working under the manager. Select an organization with which everyone in your Learning Team is familiar. Depending on the urgency of situation, managers may need to adjust their planning and leadership tactics to remain competitive.Internal and External Factors Paper Internal and External Factors Paper XMGT/ Burger king corporation is well known globally from mint-body.com “With more than 12, restaurants, our global headquarters allows us to keep the pulse of our franchises, team members and operations.
Mgt Week 2 External and Internal Factors. How Internal And External Factors Effect The Levels Of Management For a company to be successful in the long term today, they must be diverse. The company needs to be able to adapt to changes.
The need for these changes can present themselves from many angles. Internal and External Factors Team a. Team A: Internal and External Factors Student MGT/ October 1, Instructor Team A: Internal and External Factors The conditions and climate of the business world are constantly changing.
In your Learning Team, prepare a 1, to 1,word paper addressing the following: Explain how internal and external factors affect the four functions of management (planning, organizing, leading, and controlling).
View Notes - MGT Week 2, Team Assignment, Internal and External Factors Paper (Wal-Mart) from MGT at University of Phoenix. Wal-Mart 1 Wal-Mart: Factors affecting the four functions of75%(4).
Mgt Learning Team Internal And External Factors Paper Coca Cola. Internal and External Factors Stella Aybinder, Brook Erhart, Tavares Liggons, Veronica Mora, and Felicia Thompson MGT/ May 21, Tammy Patchin Internal and External Factors Wal-Mart discount store was opened by Walton, in Rogers, Arkansas, in On .Download