Business in Practice: Miel Bakeries - Internal and External Factors

This report provides a detailed analysis of the internal and external factors influencing Miel Bakeries, a London-based workshop specializing in pastries, cakes, and bread. The report identifies key internal factors such as organizational structure, production systems, supplier relationships, transportation, and pricing strategies, categorizing them as strengths or weaknesses. It also examines external factors, including political and legal considerations, social and cultural trends, competition, and technological advancements. The report further discusses how Miel Bakeries impacts the external environment through political activities, environmental practices, corporate social responsibility, and economic contributions, highlighting both positive and negative aspects. The conclusion emphasizes the importance of understanding these factors for strategic decision-making and sustainable business practices. Desklib offers similar solved assignments and resources for students.

Internal and external
factors

Table of Contents
INTRODUCTION.....................................................................................................................................2
MAIN BODY.............................................................................................................................................2
Impact of internal and external factors....................................................................................................2
Methods in which business impacts external environment......................................................................3
CONCLUSION..........................................................................................................................................3
REFERENCES..........................................................................................................................................4
Books and Journals:.................................................................................................................................4

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 (Amanatidou, E., 2021). Miel
bakeries a reputed workshop which is specialized in pastries, cakes or bread in London.
MAIN BODY
Impact of internal and external factors.
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: The structure of organization is very
important for everything. It includes with hierarchy in organization, contribution of
employees in decision making process, production management and many more.
 Suppliers: Suppliers are the internal factors and very significant to any organization
where they produce the finished goods and services (Barwongeza, D. S., 2017). Business
have only once supplier then they impact negatively so it is very important to have more
than one supplier to reduce the negative impact of it.
 Transport: Transportation is very significant for business in order to transport products
and services with the purpose to be delivered. Transportation impact negatively because
it also impacts the revenue of an organization.
 Price Setting: Within addition to Miel bakeries, the prices which are set by the
organization affects the demand and supply of their goods and services in the market. It is
also very important to set their prices reasonable range.
External Factors: Business also get affected by the external factors which is exist in the
external environment of business. In addition to Meil organization, there are different types of
external factors which exist in the external environment:-
 Political and legal factors: When an organization wants to expand its business across the
boundaries of a nation they have to face several types of government restrictions or trade
barriers which highly impact the business operations in a negative manner.
 Social and cultural factors: Social factors include demographic factors such as culture,
gender, age, income and many more which impacts the sale of business. As peoples are
very conscious about their health in UK. In addition to respective organization, they are
taking steps that health of people will not harm.
 Competition: Every organization has a major threat of their abilities of competition in
order to protect their goodwill and position in the target market (Khosa, R. M., 2020).
When in market there is a huge competition the prices are getting affected, customer
loyalty gets affected as well as market expectations are also increases.
 Technologies: Technological factors influencing business operations in creation,
innovation or upgradation of the existing technologies which they are using in their

current activities. The respective organization is highly focused on advanced technologies
in order to create in a better and modified product for their customers.
Methods in which business impacts external environment.
The impacts can be positive or negative of external environment. The are different
methods through which Miel organization can impact on external environment:-
 Political factors: Political factors are also impact with the operations of business in
different ways. Organization operations include import and export of their products and
services in order to continue the business. The import of products like machinery, raw
materials, equipment and export products which also helps to increase the country's
economy by raising the funds in several ways with the purpose to develop a country.
 Environment: Business operations of any organization impact the environmental factors
in a positive or negative way (Kwon, W. S. and Et.al., 2021). In addition to Miel
organization, they formulate strategies in order to reuse waste products as well as highly
focused on reduction of wastage in production activities.
 Corporate Social Responsibility: This is consist with taxes to government bodies in the
welfare of society and local citizens. In context to Miel Bakeries, they are doing projects
which will help environment in positive way.
 Economic: Economy of any country will also get influenced by the activities of an
organization in many ways which will also help to increase opportunity for jobs and
many more. The respective organization creates job opportunities in order to have
talented staff that will benefit organization.
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. This also can influenced positive
and negative aspects.

REFERENCES
Books and Journals:
Amanatidou, E., 2021. Internal & external auditing to companies.
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).
Khosa, R. M., 2020. Intra-transfer of ownership factors and external transfer of ownership
effects: evidence from the Gauteng enterprising community, South Africa. Journal of
Enterprising Communities: People and Places in the Global Economy.
Kwon, W. S. and Et.al., 2021. External pressure or internal culture? An innovation diffusion
theory account of small retail businesses’ social media use. Journal of Retailing and Consumer
Services, 62, p.102616.