External and Internal Factors Essay
Management: Theory, Practice, and Application
External and Internal Factors Affecting General Electric
We will use General Electric, also known as GE, to illustrate how internal and external factors affect the four functions of management. We will explain how globalization, technology, innovation, diversity, and ethics affect the four functions. We will also explain how delegation can be used to manage the different factors. General Electric has come a long way since its inception in 1876 by Thomas Edison, several of his early business offerings are still a part of General Electric to this day. General Electric has become one of the greatest innovative companies in business …show more content…
A diverse workforce is essential to the success of General Electric. General Electric employs over 300,000 workers in more than 140 countries (General Electric Company, 2011). General Electric promotes a work environment that caters to the diversity of the company’s employees. According to General Electric Company (2011), “GE is committed to supporting its leadership culture through systems and policies that foster open communication, maintain employee and partner privacy, and assure employee health and safety” (Working Environment).