External/Internal Factors: LTO inc.

In every organization, there is an overload of changes that may occur internally as well as externally that will effect its management. Much like plenty of other industries in the world, LTO inc. has and will always be forced to evolve in order to remain in competition. Companies like LTO whom accepts and adjusts to the many various factors, will thrive and prosper. Those whom deem it unimportant to the company needs and goals will …

…alter ways of operation within the business. LTO management must face and ultimately endure changes within the years to come such as rapid change, globalization, E-Business, and diversity and incorporate it in the planning, organizing, leading, and controlling in order to stay functioning as a company. Although it will not be an easy journey, the transformation that LTO will go through will propel the company to continue to be competitive and thrive in the industry.