Internal and external factors affecting business management Management in any given business or institution is an act aimed at coordinating the efforts of human resource to meet goal and objectives utilizing and maximizing available resources effectively and efficiently. Management encompasses organizing, planning, controlling, staffing and directing an organization towards accomplishment of goals and objectives set by a given institution.
Planning, leading, controlling and organizing are the four functions of management that a competent manager should complete to ensure that the business is healthy and competing for market space. Organizational success is only achievable through observation of the four functions of management. ...