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Management has influenced economies and politics for centuries. The promotion of consumers’ interests and materialism has aborted peoples’ inclination to clergy and dogmatism. In dealing with business, one may not be able to survive and stay longer in such industry if one is not equipped with enough resources. In order to understand the rule of business, rigorous studies and research must be conducted. Anyone who is accountable for damage or loss of one's business is regarded insufficient and incapable.

There are many external and internal factors that impact the functions of management – planning, organizing, leading, and controlling. It is important to be mindful of these factors because they have an enormous impact on organization’s productivity. The process of assessing external and internal factors faced by an organization is vital to the planning function of management. Once the environmental assessment is complete, it is analyzed to prioritize issues,......

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Approximate Word Count: 1015
Approximate Pages: 5 (250 words per double-spaced page)

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