The effects of Internal/External Factors on WorldCom Learning Team A MGT330 November 9‚ 2010 The Effects of Internal/External Factors on WorldCom Over the years the world has seen many corporate disasters pertaining to management. One of these disasters has been the rise and fall of WorldCom. From the beginning of WorldCom in 1983 as an obscure long distance company‚ the world watched as the company executed an aggressive
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External and Internal Factors on Apple Inc. October 27‚ 2008 External and Internal Factors on Apple Inc. As with any company‚ a solid foundation is essential for success. Companies need to have a system in place to help management plan ahead should there be a "bump" in the road. A good example of a company that is built on a solid foundation is Apple. Companies have developed and implemented their own management concepts to keep them one step ahead of the competition. There are basically four management
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Internal and External Factors MGT230 December 9‚ 2012 Prof. Maggie Ellison-Lohkemper Internal and External Factors Introduction……………….. Innovation Innovation is an internal factor of business that has served as the cornerstone for Apple’s success as a technology giant. “Arguably one of the most innovative technology companies to emerge in the last three decades‚” Apple has masterfully applied the four functions of management to their business strategy (Finkle and Mallin‚ 2011‚ p. 63). The
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who have exceptional management skills to continue to companies rise in its business. The four functions of management are Planning‚ Organizing‚ Leading‚ and Controlling. These four functions are vital to running a thriving company. Apple is a tremendous corporation that uses these strategic strategies to develop and promote its technology in the communication field. In this paper I will explain how the internal and external factors affect the four functions of management inside Apple. I will
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The Four Functions of Management Paper Charles Schultz did for coffee what Henry Ford did for cars; these men took their product and made them available to the masses en mass and the masses embraced these products. Cars and coffee are an important part of everyday life for most of us living in America. Are there foundational elements of management that both Henry Ford used as well as Charles Schultz when building their empire’s even though a hundred year separates them? What are these foundations
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worldwide company and must follow the four basic functions of management; in order for the business to run smooth it needs to plan. For instance‚ currently the Red Cross is attending to a natural disaster in Haiti after two large earthquakes. Red Cross has to make sure the people in Haiti have access to food‚ water‚ medical assistance‚ and clothing. Every Red Cross‚ worldwide is working hard to meet that goal. This takes a huge amount of planning from management to ensure the relief flows quickly and
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believes that if they operate without the bureaucracy it will encourage their engineers to develop superior ideas and products at an industry leading rate. There are ten principles that Google’s owners developed‚ which are unique to the company’s management: Focus on the user at all costs. It is best to one thing really‚ really‚ really well. Fast is better than slow. Democracy works on the web. You don’t need to be at your desk to need an answer. You can make
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application of the four functions of management: planning‚ organizing‚ leading‚ and controlling. Many internal and external factors may have a direct impact on the four functions of management like: globalization‚ ethics‚ and innovation. An internal factor has to do with the strengths and weaknesses in an internal organization while an external factor refers to the opportunity or threats presented by the external environment. A multinational corporation like Disney faces many internal weaknesses and
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Internal and External Factors of Wal-MartIn 1962‚ Sam Walton opened the first Wal-Mart store and the retailing giant has been rising to success ever since. Various factors have played an integral role in the success of Wal-Mart‚ but without the strong execution of the four functions of management‚ Wal-Mart would have failed like many others. This paper will discuss in detail the how internal and external factors affect the four functions of management. GlobalizationIn 1993 Wal-Mart formed their
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EXTERNAL FACTORS: Environment The environment is the world in which the organization operates‚ and includes conditions that influence the organization such as economic‚ social-cultural‚ legal-political‚ technological‚ and natural environment conditions. Environments are often described as either stable or dynamic. ➢ Stable environment • customers’ desires are well understood • remains consistent for a relatively long time • Examples of organizations that face relatively
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