Bakery Bagietka Ltd: Analysis of Internal & External Business Factors

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Added on  2023/06/18

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AI Summary
This essay examines the business environment of Bakery Bagietka Ltd, focusing on the impact of internal and external factors. Internal factors include workforce management, supplier relations, transportation, and production management structures, while external factors encompass political, economic, legal, technological, and competitive forces. The essay highlights how Bakery Bagietka Ltd's operations can influence the external environment through political activities, environmental impact, economic contributions, and corporate social responsibility initiatives. References to relevant academic sources are provided to support the analysis.
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Introduction
Business environment is created by internal and external
factors. Environment can be understood as a condition for
surroundings in which are certain activities or performances
is carried on (Abdo, K. K., 2021). A business organization is
a social entity which has hierarchical structure where all the
essential items are join to trigger to accomplish the shared
goals.
Bakery Bagietka Ltd and its environment
External factors
External factors are the outside factors which impact
organization and it also has no control over it, it makes a
business owner to take an appropriate changes to their
development plan as well as marketing plan in order to
adjustable. There are numbers of factors which are listed
below:-
Political
Economic
Legal
Technological
Competition
Internal factors
The internal factors can be understood as a factor within the
organization and it has control over it, doesn't matter it is
tangible or intangible.
Employing suitable workers and subcontractors
Suppliers
Transport
Structure in production management
Setting price of the products
References
Abrinková, L., Orosová, O. and Bacikova-Sleskova, M., FAMILY ADVERSITY FACTORS AND EXTERNAL
RESOURCES OF RESILIENCE IN A ONE-YEAR FOLLOW-UP.
Rosati, F. and Faria, L. G., 2019. Addressing the SDGs in sustainability reports: The relationship with institutional
factors. Journal of cleaner production, 215, pp.1312-1326.
Organization impacts
external environment
The external factors of the environment are not under the
control of an organization which includes political factors,
environment factors, economic factors, corporate social
responsibilities and many more (Li, Y. and Et.al., 2019). In
context to Bakery Bagietka Ltd, there are different ways
through which it can impact on the external environment
which are listed below:-
Political
Environment
Economies
Corporate Social Responsibility
Impact of internal and external factors
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