EXTERNAL/INTERNAL FACTORS

External/Internal Factors

External/Internal Factors

Globalization and four functions of management

First factor globalization “Is the increasing interdependence, integration and interaction among people and corporations in disparate locations around the world. (Bateman, 2007)

For example the General Electric has established its business in 59 countries in all five continents of the world; in addition they keep innovating with products and services which adapt to the specific needs of other countries.

GE illustrates its business expanding with an example of the contract obtained with the Saudi Arabian electric company. GE will provide nineteen GE frame 7FA gas turbine generators which will be used to provide ...