Explain how internal and external factors affect the four functions of management.

Mgt 230 internal and external factors paper

Internal factors that affect the four functions of management include the organization’s culture, values, and mission; its organizational structure; employee skills and abilities; resources available to the company (including budget); and technology. External factors include economic conditions, legal requirements, political influences, competition in the marketplace, consumer trends and preferences, and technological advances. Both internal and external factors can influence how a manager approaches planning, organizing, leading, and controlling activities within an organization.