Business Practice Report: External & Internal Factors Analysis

This report provides an analysis of business practices, focusing on both external and internal factors. It explores how businesses like Bagietka Bakery are impacted by external environments, including Corporate Social Responsibility (CSR). The report also considers internal factors, such as the strengt...Read More

Introduction
A business practice refers to the ways it attempt to perform
so in mainly cost effectual way. A industry may have some
appropriate rules for a business practices to make sure that its
workforce are efficient and capable in their job role and stand
by the applicable laws..
Business In Practice
Bagietka Bakery’s impact
on external environment
There are some external environments which have impact
on business of Bagietka, that are explained below as;
Corporate Social Responsibility (CSR): It is a industry’s
commitment to handle all the environmental, social or
economic impacts of its business operations correctly as
well in the way with the public expectations and needs.
External factors
This refers to those uncertainties and situation that are a
business cannot control the impact on decision making
process. To analyse the external environment of company,
this report consider the PESTLE Analysis to examine the
various factors which have impact on organisation.
References
Arenas-Torres, F., Bustamante-Ubilla, M. and Campos-Troncoso, R., 2021. The incidence of social responsibility in the
adoption of business practices. Sustainability, 13(5), p.2794.
Dmitrijeva, J., Schroeder, A., Ziaee Bigdeli, A. and Baines, T., 2020. Context matters: how internal and external factors
impact servitization. Production Planning & Control, 31(13), pp.1077-1097.
Gleim, M.R., Smith, J.S. and Cronin Jr, J.J., 2019. Extending the institutional environment: the impact of internal and
external factors on the green behaviors of an individual. Journal of Strategic Marketing, 27(6), pp.505-520.
Internal factors
This basically considers the inner strengths or weaknesses.
Internal based factors can impact how a firm meets their
objectives and goals. Strengths have favorable effect on a
company and weaknesses have a damaging impact on the
organization.