External and Internal Factors

Titulillo: EXTERNAL AND INTERNAL FACTORS

External and Internal Factors

Félix Piñero Pérez

University of Phoenix

Management: Theory, Practice, Application MGT/330

Profesora: Ana Viader-Ortiz

July 23, 2007

External and Internal Factors

How internal and external factors impact the four functions of management? Planning, Organizing, Leading, and Controlling. We had chosen General Electric (GE) Company as the company we are going to focus. Since the year 1890 GE has been in business under Thomas Alva Edison (inventor of the incandescent light bulb). Since 2001, Jeffery R. Immelt is GE's Chairman and CEO has worked to transform GE into a more global, diverse and customer-driven culture. Since then GE has growth and mature as one of the greatest multi innovator firm in business history. GE has become an international company expanding its products and services around the world.

We will explain how external and internal factors like globalization, technology, innovation, diversity, and ethics at national and international level will impact the way GE managers apply the four functions of management.

An original Edison light bulb from 1879 from Thoma...

General Electric Automatic Iron Box

General Electric

In addition we will talk about how delegation helps GE managers to minimize and manage these factors.

Globalization

GE is a company that is well establish in the world. The company is a name that when it is mentioned people feel that it can be trusted and its products are of good quality. Currently GE has activities worldwide; from countries like New Zealand, Finland, Canada and all the way to Chile basically they have presence in the whole world. According to Yoon-mi (2007) GE is planning to invest in the Korean Cable TV business if the market is opened under the free agreement with the United States. This is a good example of how the plan their globalization. They have reached many goals thru good...