Internal and External Factors that Affect the Four Functions of Management

According to Bateman (2011), leadership is the next step of the four functions of management, "Leadership is a management function that includes administrators who want to motivate employees to achieve high performance" (Leader: Mobilizer). Internal factors lead to multiple methods. For example, one of the other functions mentioned above (plan and organization) may also affect leads. For example, when an organization changes, you need to change the expectations of employees and the ability of management to motivate employees to achieve high performance.

Several internal and external factors influence the four functions of management, namely planning, management, organization and leadership. Management needs to analyze internal and external factors that may affect all factors of the company. To better understand management's responsibilities in this area, let's look at some of the internal and external factors that may affect Wells Fargo. External factors that most often affect the management of the four functions are sociology, economics, political science, and technology. Sociology has a direct impact on how management is doing the work. Sociological factors cover general culture, occupational ethics, personal values ​​and trends in specific areas. A better understanding of sociological factors may be useful for designing future management plans and products. Wells Fargo can provide better financial products by understanding the surrounding society.

Internal and external factors can affect the four functions of internal management. Globalization, technology, innovation, diversity, and ethics are key elements that companies must consider in order to succeed in the same field and maintain competitiveness with other companies. This article will determine the role of UPS as a successful company. UPS is a global company with one of the world's most famous brands. UPS is the world's largest parcel delivery company and is also the world's leading provider of professional transportation and logistics services (UPS, 2008). Every day we manage the flow of goods, information and information in more than 200 countries and regions around the world.