Internal and External Factors Essay

1613 Words Nov 14th, 2012 7 Pages
Internal and External Factors Paper
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Internal and External Factors Paper The purpose of this paper is to explain how internal and external 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 goals (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
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If they are searching for something in particular it can bring up products that are similar even if those particular words 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 strong 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 people’s behaviors and the “goods” that are worth seeking. With Business Ethics, corporations strive to uphold moral principles and standards that guide behavior in the business world (Bateman, 164). Many organizations are finding it increasingly difficult to deal with the complexity of ethical issues hitting 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 needed 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

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