Browse over 20 million
homework answers & study documents

MGT 330 Week 2 Learning Team Assignment External Internal Factors

Type

Homework

Rating

Showing Page:
1/6
External/Internal Factors 1
Running head: EXTERNAL/INTERNAL FACTORS
External/Internal Factors
Team C
MGT/330
Fritz Beiermeister
February 8, 2010

Sign up to view the full document!

lock_open Sign Up
The four functions of management, planning, organizing, leading, and controlling, can be
found in various types of business environments. There are several different factors that can
impact the four functions of management. These factors are globalization, technology,
innovation, diversity, and ethics. Let us look at how these factors are specific to the way Wal-
mart, a leading retail store runs the business.
Globalization and the face of retail markets is proof that every object of thing is subject to
change. The past decade has experienced many changes in the translation process, services and
formats of retail markets. Retailing, which is the last aspect of distribution of market strategy,
acting as a bridge between the mass producers of products and the final consumer, has spread to
every nook and cranny of the world?
Wal-mart has had their eye on this huge unorganized retail market. Through
liberalization, privatization and globalization, potential players throughout the globe are
pouncing on the opportunity for commerce.
Technology is a big factor in today’s business culture. Wal-mart strives for running a
centralized information system for the operations all over the world. When management decided
to centralize the systems, there was much planning and thought put into where and how this
would occur. Management created objectives and then set action plans to carry out the desired
overall goal.
Once the objectives were established and location was chosen, the management team
needed to create an organizational chart that would reflect the people in charge of the
implementation. It was up to management to create job duties and responsibilities and begin the
organizational development of the centralized location.

Sign up to view the full document!

lock_open Sign Up

Sign up to view the full document!

lock_open Sign Up

Anonymous
Had to paraphrase some of the content but overall, really useful material.

Anonymous
Heard about Studypool for a while and finally tried it. Glad I did caus this was really helpful.

Anonymous
Just what I needed… fantastic!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4