Analyzing the Impact of Internal & External Factors on Miel Bakeries

This essay explores the internal and external factors that significantly influence Miel Bakeries, a London-based workshop specializing in cakes, pastries, and bread. Internal factors such as price setting, organizational structure, and transportation are examined alongside external factors including suppliers, political and economic conditions, social trends, technological advancements, and competition. The analysis emphasizes the importance of understanding these factors to develop effective business strategies, capitalize on opportunities, and mitigate potential threats. The conclusion underscores that a comprehensive understanding of both internal strengths and external forces is essential for Miel Bakeries to achieve sustainable growth and maintain a competitive edge in the market. Desklib provides students access to similar solved assignments.

Introduction
Every business has internal and external factors which
impact the business and its activities in the industry. It is very
essential to understand the significance of such factors which
means organisation to frame strategies in order to reduce the
impact of these factors.
Miel Bakeries and its environment
External factors
External factors are exists outside the environment of
business where they don't have any control. In context to
Miel organisation, they are required with suitable
changes in order to grow and develop. There are
numbers of factors which are listed below:-
• Political factors
• Economic factors
• Social factors
• Technological factors
• Competition
Internal factors
Internal factors is meant by those factors which are exist within
the organisation and they have tangible and intangible control
over it.
• Suppliers
• Price setting
• Organisational structure as well as production system
• Transport:
References
Carozza, L. S., 2019. Internal and External Problem-Solving. Leadership in Speech-Language Pathology, p.63.
Dad, A. and Karim, A. M., 2019. A Literature Review on External Factors Affecting Export Competitiveness of Raw Woven
Sector of Pakistan. Malaysian Journal of Social Sciences and Humanities (MJSSH), 4(2), pp.51-58.
Miel Bakeries
Miel Bakeries is a London fame workshop (Carozza, L. S.,
2019). 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 that internal and external factors
of business environment create important impact on the
companies. It is important to understand the importance
of internal and external factors which makes companies
to make correspondence in order to create the maximum
chances for opportunities while focusing on threats.