Internal and External Factors of Management

During this study we will examine the effects that internal and external factors affect the functions of management. Organizations plan, organize, lead, and control outcomes to produce the best products for consumers. Corporations also have to consider conditions that are not in direct control such as; external factors, environment, culture, ethics, and remaining diverse. This study will take a closer look at those details as they affect a profitable company such as; Wal-Mart. We will start to see how Wal-Mart operates on the global market. According to Jessop (2002), “The revenge of the real economy can be seen in the current liquidity, credit, and financial crisis, and their role in forcibly reimposing the unity of the circuits of capital by deflating the associated bubbles”.
Those words are even more prevalent today’s economy. As the current financial crisis that America faces today, we look to government to provide solutions. Companies have seen the advantages of marketing their resources globally. Ozimek (2010), states; “whether or not corporations should care about social issues is often debated, but when you see the positive impacts that Wal-Mart is having in China, it certainly suggest that those pushing for socially conscious corporations may be correct”. Critics of Wal-Mart cannot deny the positive impact that the giant has had on China and the world globalization models.

      Technologically, Wal-Mart has made great advances. Recently, the corporation announced that it is expanded its renewable energy efforts. They are planning to add solar generating systems to some stores in California and Arizona. “By leveraging our global scales to become a more efficient company, we are able to lower our expenses and help develop markets for new technologies” (Wal-Mart Corp, 2010). These renewable energy efforts are an excellent example of how the corporation includes the four functions of management in their day to day business.
        In my...