Internal and External Factors

internecine and External factors of an organization be effected usual in many ways that could either overhear or countermine a order. The four functions of heed are also a sm exclusively part of a patronage especially when talking ab come to the fore a well known participation known as Verizon radio. The four functions of worry include preparedness, organizing, leading, and controlling. Like Verizon wireless and any other organization in such measur equal size of placepution, it is important for any company to analyze and implement its own way belief. heed is the go of running(a) with people and resources to accomplish organizational intentions (Bateman & Snell, 2011). Verizon piano tuner has be intimated to establish the four functions of care very well and includes them deep down their interior(a) and international functions of everyday productiveness. Considering that Verizon Wireless has efficaciously expendd the four functions of precaution to the ir advantage the company currently employs 85,000 employees, is the largest mobile operator in the coupled States, and has announce earnings of well over 30. billion in revenue over the end of Q4 in 2012 (Vzw Finance, 2013). The effective strategies the company has enhanced over its competitors continues to make them the physical body 1 carrier and largest retailer for consumers and businesses. Verizon Wireless has incorporated the use of internal and external factors that involve internationalization, technology, transformation, and ethics. These key factors are what make the core of the company establish its rules and regulations to maintain productivity at an all term high while continuing to meet its policies and procedures.Globalization has shamed Verizon Wireless since the branching of Air Touch cellular in 1999, which increasely launch their engagement and customer base up to 450,000 customers. With certain mergers taken endue around that time with approvals pendin g with the FCC for the carrier to merge and grow in size much of the four functions of management were taken into consideration within every step of its purchase of net meets to insure the company was able to maintain its financial stability to enhance its network and move its way up to universe the largest carrier place there.Unlike its competitor AT&T, Verizon Wireless has not effectuate the acquire presently to sell any of its markets to make up for the pretermit of economic depression within the companys finances. Presently Verizon Wirelesss effective use of its Globalization within the four functions of management has made the companys victor stories a reality. I recall its effective use of planning and leading deem verify the companies success in being the number 1 seeked carrier by consumers and businesss today.Technology has evolved around Verizon Wirelesss success to help not only the regular consumer, but to help businesss stay productive and effective with its pr oducts and services. mechanism to Machine products, which suffer also become the companys core value have helped companies become much effective with the use of tablets, Apple, Android, and mobile internet devices and antedate them to any businesss tools.These devices insure that companies have point of sale products and are able to stay in business while holding them simple to use and productive. Much planning and leading has been required by Verizon Wireless to align with other companies to introduce these certain products. According to Machine To Machine (2012), No matter the industry, an M2M solution cannister make a big impact in your business. Verizon Wireless has proved to do so with its increasing amount of business productivity.Verizon Wireless currently plans to innovate recent ideas to help consumers everyday to insure them the best and fastest entropy networks. The launch of its 4G products or 4th generation products insures that every customer in a major city has access to this type of network. Much innovation and planning has leaded the company to effectively continue to launch its sore markets within 4G and insure that every major city has this available to them. This newborn market has been readily available in major cities such as Los Angeles and in New York.This has lead the company to increase its productivity in ensuring each and every customer has a 4G smartphone device and download songs in seconds and videos within minutes. Last, but not least ethics is an important aspect to Verizon Wirelesss core values. Careful planning to ensure employees do not leak information to keep from effectively ensuring its products and services is within the company credo. Without these good values the company cannot comfort its as practices.Internal and External FactorsInternal and External Factors Paper XXXXXXXXXXXX MGT/230 xxxxxxxxx xxxxxxxx Internal and External Factors Paper The purpose of this paper is to explain how internal and exter nal factors affect the four functions of management in the Wal-Mart Corporation. For any organization to survive, irrespective of its size, it must develop and implement its own management concept. Management is the process of working with people and resources to accomplish organizational endeavors (Bateman & Snell, 2011).The four traditional functions of management include planning, organizing, leading, and controlling. The Wal-Mart Corporation has managed to use the internal and external factors of these functions to their advantage. With their strategic goal of seriously and rapidly expanding, the company currently employs over 2. 2 gazillion associates, owns 8,500 warehousings, and serves 200 million customers weekly(www. corporate. walmart. com, 2012). Their strategies have minimized competitors making this company the solid grounds largest retailer.The following paper will describe how the Wal-Mart Corporation has found a fortunate way to use the functions with internal an d external factors influencing globalization, technology, innovation, ethics, and diverseness in business. The globalization of Wal-Mart began in 1991 in Mexico. The economy was start uping to affect Wal-Marts business and they had to figure out a way to form the profit up before business was lost. They decided to branch out and open a store in Mexico and Wal-Mart currently has stores in 11 countries (Vijay Govindarajan and indigo K.Gupta 2002). By 1999, Wal-Mart had more than 130,000 employees working in 729 facilities outside the United States (Vijay Govindarajan and indigo plant K. Gupta 2002). There were many factors that played into Wal-Marts decision to globalise. The first being that it had already saturated most of the domestic markets, and the United States only accounts for scarce over four percent of the worlds population. Emerging markets with their begin levels of disposable income offered huge platforms for growth in discount retail (Vijay Govindarajan and Ani l K.Gupta 2002). Since the globalization of this corporation, Wal-Mart currently ranks among the top five global retailers (Matthew Boyle 2009). Although there were full-grown results in some countries, there are now 3,805 stores operating to a lower place 53 distinct banners in 15 markets (Matthew Boyle 2009). Wal-Marts strategic decision to globalize has allowed a continual rise in sales and profits, and has allowed the corporation to rest successful. Wal-Mart has used the four functions of management to grow and maintain a successful company through innovation, as well.For example, as the largest retailer, Wal-Mart decided to go young and make the entire operation recyclable and reusable. In 2005, CEO downwind Scott announced the company would create zero waste and use renewable energy and products that sustain the environment. Wal-Mart proposed that the stores and clubs would use greener light bulbs, alternative energy, and better store designs to reduce waste, and reusabl e bags to start what is called a supply chain.The company announced the sustainability initiative which was used to track the life cycle of every product it sells by measuring the water usage, greenhouse gas emissions and fair fatigue practices (Www. todaro. posterous. com, 2010). Wal-Mart is currently hosting industry by industry meetings to debate how this customer check off appears. Wal-Mart can only continue to grow their company by overture up with a plan and using the management from the top to the frontline managers to make changes to their company and enforce new ideas and innovations.Similarly, technology is another factor that Wal-Mart seems to outmatch at and stay on top of concerning planning and implementing the four functions of management. The company continues to improve their electronic commerce site Walmart. com and has come up with a search engine to help customers find the products they are looking for more quickly and with more ease. The new tool uses machin e learning and text mining techniques that assist the customer. If they are searching for something in particular it can bring up products that are similar even if those particular actors line were not searched (Leber, 2012).This has caused eBay and Google to scramble to improve their e-commerce search results. The weakness for Wal-Mart is getting customers to start at their website as opposed to others like Amazon. The planning portion of Wal-Mart is particularly fuddled and is always coming up with new ways of competing and staying on top of what consumers want and need. Next, ethics is defined as the action of identifying the rules that should govern peoples behaviors and the goods that are worth seeking. With Business Ethics, corporations strive to stay moral principles and measuring rods that guide behavior in the business world (Bateman, 164).Many organizations are finding it increasingly difficult to deal with the complexity of ethical issues smasher businesses today. As a large importer/exporter of foreign goods, Wal-Mart found itself dealing with an increasing issue of bad supplier ethics. From foreign owned to the United States outsourced companies, they requisite to create a plan for setting up a standard for products that were received for sale in their stores. In 1992, Wal-Mart started their ethical Standards Program (originally called Standards for Suppliers Program).The Ethical Standards Program was established and exists to verify suppliers compliance with global standards, to strengthen the death penalty of positive labor and environmental practices in factories producing merchandise for sale by Wal-Mart, and to bring opportunities for a better life in the countries where merchandise for Wal-Mart is sourced. The plans vision was redefined in 2002 to meet public image issues, bonnie the statement sourcing ethically through a socially responsible computer programme (Ethical Standards Program, 2006).The program works to train perspec tive suppliers in environmental, health, safety, and labor requirements to meet audit standards. Factories and companies on Wal-Marts supplier advert are subject to unannounced audits to ensure they are meeting the standards set by the Ethic Committee. done these organization and control measures, Wal-Mart has made great strides in correcting some of the worst conditions in many of the Asian countries they use as their suppliers. According to the Ethical Standards Program (2006) website the company also began the mill Five Program in 2006.The program serves as a gathering in which factory management (from five factories per region in China) regularly meet with suppliers and the Ethical Standards team. Time is spent identifying and resolving complex issues of noncompliance identified by audits. They hope to share knowledge and changes that come out of this forum with others in the industry. Wal-Mart is working hard to show leadership in the ethics market and to pass knowledge and training onto others to encourage ethical practices in all heir stakeholders corporations. The ultimate company goal is to fully integrate labor compliance and social responsibility into all purchasing decisions done by Wal-Mart buyers. Finally, diversity is an equally tricky concept that comes into play in businesses today. As corporations expand to cover more global territory it is becoming increasingly important to have a strong diverse workforce and management team to work in this environment.In 2002, Wal-Mart was assay heavily under a bad public image as a corporation engaged in unsatisfactory and unfair work policies, resisting diversity practices, demonstrated social irresponsibility, and eroded economic opportunities for small topical anaesthetic business. By 2004, management had hired a PR firm to manage the onslaught of bad press, and later restructured the company and made key management changes (Alleyne, 2012). Wal-Mart formed a number of internal affiliate groups for women, African the Statesns, Latinos, Asians, and the lesbian, gay, bisexual, and transgender alliance as part of its diversity practices.According to Alleyne (2012), in recent years, Wal-Mart has been named among the BLACK opening move 40 Best Companies for Diversity. By integrating a plan that showed prolong for diverse groups within their workforce, The company is making great progress in gaining new customer support and increasing consumer confidence in its corporation, people, and products through managers like, Rosalind beer maker, Black Enterprise 2012 Corporate Executive of the Year and the first African American woman chief executive officer (CEO) at Wal-Mart.As Alleyene (2012) says, Brewer is holding one of the most powerful positions in corporate America and making big changes in the leadership of the Wal-Mart Corporation. In conclusion, this corporation has effectively used the four functions of management and the effects of globalization, technology, innovation, ethics, and diversity on these functions. Through adversity the top-level management has shown their ability to plan strategically and overcome obstacles.Wal-Marts key strategy is to dominate the retail market and with the proper carrying out of these functions this organization continues to be one of the largest retailers in the world. References Alleyne, S. (2012, September). Second Act. Black Enterprise, 43(2), 82-88. Bateman, T. S. & Snell, S. A. (2011). Management Leading & Collaborating in a Competitive World (9th ed. ). New York, NY McGraw- cumulation Irwin. Boyle,M. Bloomberg Business Week. 2009. www. businessweek. com/managing/content/ovt2009/ca20091 Ethical Standards Program. (2006). Retrieved from http//walmartfacts. om/reports/2006/ethical_standards/building. html Leber, J. (2012, October). Wal-Mart dives into search technology. Retrieved from www. technologyreviews. com Salter, C. (2012, July). 9 Wal-Mart. www. fastcompany. com, (). Vijay Govindarajan and Anil K. Gup ta. Strategy + Business. Global Perspective. 2002. Fourth Quarter 1999. Issue 17. www. strategy-business. com/article/13866? gko=e19cb www. corporate. walmart. com. (2012). Retrieved from http//corporate. walmart. com/our-story/our-stores www. todaro. posterous. com. (2010). Retrieved from http//http. //todaro. posterous. com