Wal Mart Internal and External Factors

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a. Explain how internal and external factors impact the four functions of management (planning, organizing, leading, and controlling).

The four functions of management are planning, organizing, leading and controlling. The impacts the organization's internal and external factors are impressive. The planning of items to be sold is clear. Sell what the competitor has at a lower price. The organizing of the products is concise, as the organizational team knows what is and what is not on the shelves and what and when the product needs to be replenished. The leading function is admirable. The employees are professional and the leadership ensures the public that the product will be available. Lastly is controlling. The controls that are in place through Wal-Mart's mission and business practices are impressive as I, as the consumer, know that I am receiving the highest quality product and the lowest possible price, guaranteed.

b. Explain how the following factors impact the four functions of management. Be sure to include specific examples for each.

Through technology, today's companies have the world literally at their fingertips. A manager can plan, organize, direct and control all with the click of a mouse.

Planning - A manager can plan and forecast the company's business ventures through email communication, virtual meetings and instant messaging. These technological tools have instant results, as the manager can make immediate changes to the scope of a plan if necessary.

Organize - A manager can, through project manager software, organize his or her department's schedules to coincide with the demands of the project at hand. The technology can update all parties involved through email as to where the project is, what ...