Managment Theory

The major four functions of management involve planning, controlling, organizing and leading. These functions can be affected by the internal and external factors n a business environment. The external forces that affect the functions of a business involve sociological, political, economical and technological (Montana & Charnov, 2000) External factors: Sociological: Includes; the demographic military position and trends, work ethics and personal values, and general cultures. (pg, 566.) This factors influences differently on how management suees its jobs. The social environment presented by each land is unique and as the business becomes international, management s ought to check these unique environments. This understanding assists the management to plan for the future and public figure products for particular groups of people Economic and political: Includes; all the inherent factor such as competitors, suppliers and customers in an open case of business the management must study the economy and political environment for a continual and dynamic relationship. In this dust the management assumes that the business or company has both introduce and output.

By studying the companies suppliers, competitors and customers as well as flowing political factors, the management are capable of making stiff managerial and decisions. The products designed under this should posses place, form and time profit to succeed in the mark place. Technology: Technology has the around dramatic effect on business as changes in this external environment are often quickly entangle by firm. As the market can change long the management should be in a position to pull ahead decisions that will put the company in a pliable poison to adapt with the technological changes (Karger, 1991). Internal factors Internal factors or environment of a business consists of the organizational resources available to accomplish its goals. These are human technological, financial and physical... If you want to get a full essay, order it on our website: Orderessay

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