Internal And External Factors Of Management

Fortune magazine publishes the list of the top 500 companies in the U.S. each year (Time Warner Inc., 2008). First place Microsoft is working on releasing the latest technology, so we have increased sales by 15.4% since 2006 since 2008 (Time Warner Co., 2008). To understand how Microsoft continues to lead profits, sales, and technology, consumers need to be aware of internal and external factors that affect Microsoft's performance and operation. From an extensive point of view, Microsoft's program functions are dependent on consumer demand, which continues to affect Microsoft products and services.

The purpose of this paper is to discuss external factors and internal factors that affect McDonald's management functions. This is done by explaining how McDonald's handles each external factor and internal factor. Three factors were chosen to outline the success of McDonald's. The first factor is globalization, which is defined as a more intimate link between different regions of the world and enhances the possibility of personal communication, mutual understanding and friendship between "world citizens". Diversity, the difference between people and culture is the second element described in this article. The last factor is ethics, which can be defined as a series of correct behavioral principles. In this article, I will explain how McDonald's is performing business globally using these elements.

The business environment includes external and internal factors that affect business. External factors include political factors, macroeconomic factors, microeconomic factors, social factors and technical factors. Internal factors are factors that affect business within the organization, such as organizational culture, organizational structure, management structure.

Business factors include internal factors and external factors. The most important internal factor is core competence, or the ability of any organization that Toyota prefers to manufacture a car. On the one hand there is a need to manage human resources and on the other hand wages and other benefits need to be rewarded in order to equip and maintain human resources to build core competencies. External factors have emerged as the rise of Japan and other emerging economies over the past 25 years has resulted in factory closure and temporary dismissal. Ergonomics and thatcherism led to free markets and privatization. With all these external factors, organizations need to rethink their personnel management policy.