Understanding the Impact of Internal and External Factors on Miel Bakeries

This presentation discusses the impact of internal and external factors on Miel Bakeries, a London-based bakery. It covers the different types of internal and external factors that can influence a business and how they can formulate strategies to reduce their impact. The presentation also includes references for further reading.

Introduction
Business environment are influenced by internal and external
factors in the industry. Every business must understand the
importance of both the factors which helps organization to
formulate strategies in order to reduce the impact of those
factors
Miel Bakeries and its environment
External factors
Business also get affected by the external factors which
is exist in the external environment of business. In
addition to Miel organization, there are different types of
external factors which exist in the external
environment:-
• Political and legal factors
• Social and cultural factors
• Competition
• Technologies
Internal factors
There are different types of internal factors which influences
business activities. In context to Miel business, these can be
classified into strength and weaknesses, internal factors are
mentioned below:
• Organizational structure and production system
• Suppliers
• Transport
• Price Setting
References
1. Amanatidou, E., 2021. Internal & external auditing to companies.
2. Barwongeza, D. S., 2017. External factors influencing effective implementation of external audit recommendations in oil and
gas and public organizations: a case of Tanzania petroleum development coorporation (Doctoral dissertation, University of
Dar es Salaam).
Miel Bakeries
Miel Bakeries is a London fame workshop. It is independent
organisation which is highly specialized in the creation of
cakes, pastries as well as bread.
Impact of internal and external factors
Conclusion
It has been concluded from the above discussion is that
every business is consist with internal and external
factors which impacts negatively and positively both.
There are various types of internal and external factors
are found in the environment of business. But on the
other side, these factors are also get influenced by
business activities.