External and Internal Factors Affecting Bakery Bagietka Ltd
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Added on 2023/06/18
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This presentation discusses the external and internal factors affecting the performance of Bakery Bagietka Ltd, including political and economic factors, organisational structure, and impact on the external environment.
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Introduction In the business environment various internal as well as external factor are exist that affects business performance andeffectivenessoforganisationaloperations. Organisations conduct proper market research to identify thesefactorsproperlyforthepurposeofformulating strategiesandplanningtoovercometheimpactson internal and external factors. Bakery Bagietka Ltd Name of the Student External Environment In External business environment various factors that exist outside of organisationbutaffecttheirfunctionalityandperformancein positive as well negative manner. Bagietka Ltd has no control over external factors, so it develops various strategies to overcome their impacts on business operations are mentioned below: Political:There are various factors are included in political factors such as rules and regulations that are imposed by government, trade restrictions as well as trade barriers that affect business (Fernández- Olmos and Ramírez-Alesón, 2017). As Bagietka Ltd organisation facingvariouschallengesandproblemsbecauseofchangesin government policies due to Brexit. Economic:Business activities are getting affected by the economic factors that is being related to growth and development of respective economy. There are various economic factors like unemployment rate, wage rate, interest rate are included. As in the economy of UK agesratesarehighthatenhanceoverallcostofBagietkaLtd organisation as well as it also provides highly skilled employees that facilitatestheorganisationtogainsustainablecompetitive advantages. How the company impact its context External Environment Business also affects the external business environment factorsinpositiveandnegativemanner.Bakery Bagietka Ltd impacts on external factors are discusses below: Political:BagietkaLtdorganisationaffectspolitical factorsinvariousmanner.Forbusinessoperations, organisation conduct export and import activities (Little, Salmela-AroandPhillips,eds.,2017).Different materials,equipment,machineryandproductsare important to produce final products and these products are exported to various countries that enhance funds of government and strengthen the economy as well. Internal Factors In business environment various factors are presented insideofbusinessthataffectbusinessactivities, performance and profitability. As these internal factors are inthecontroloforganisation,sotherearevarious strategiesareformulatedbybusinesstoreducethe negative impacts on organisation or implement changes in internal factors according to planning to attain defined goals and objectives of organisation. Structure of organisation and production management: Structure of organisation is the important for factor that affect decision-making process and management functions as well. Bakery Bagietka Ltd includes employee point of views and suggestions in organisational decisions and implement conductive approach on order to take effective andquickdecisions(Bulkaini,2019).Asevery organisation consists their own structure of organisation according to business functions ad requirements. References Bulkaini, H., 2019. Internal and external factors affect the company’s perfomance. Cao, H. and Chen, Z., 2019. The driving effect of internal and external environment on green innovation strategy-Themoderatingroleoftopmanagement’s environmentalawareness.NankaiBusinessReview International.