#230 PESTEL analysis
The acronym PESTEL stands for:
Political: This factor examines the influence of government policies, regulations, and political stability on an organization. It considers issues like taxation, trade policies, political stability, and government attitudes toward business.
Economic: The economic factor assesses the impact of economic conditions such as inflation, exchange rates, economic growth, and the overall health of the economy on an organization's operations.
Social: The social factor focuses on societal and cultural aspects, including demographics, lifestyle changes, consumer attitudes, and social values that can influence a company's strategies and decisions.
Technological: This factor looks at the impact of technology and innovation on an organization. It includes factors like technological advancements, research and development, and the rate of technological change.
Environmental: Environmental factors consider issues related to sustainability, climate change, environmental regulations, and the impact of an organization's activities on the environment.
Legal: The legal factor examines the legal framework and regulations that affect a business, including labor laws, intellectual property rights, and industry-specific regulations.
In the context of a PESTEC analysis, the additional "C" typically represents two factors:
Cultural: This factor specifically focuses on the cultural influences that can affect an organization's operations, including cultural norms, beliefs, and practices.
Competitive: The competitive factor considers the competitive landscape in which an organization operates. This includes factors such as industry competition, market structure, and the competitive strategies of rivals.
By conducting a PESTEC analysis, organizations can gain a comprehensive understanding of the external factors that may impact their business environment. This analysis can help them make informed decisions, identify opportunities, and mitigate potential threats. It's a valuable tool in strategic planning and can inform a company's strategy development and risk management processes.
www.antharas.co.uk/ companies website or top book distributors!
#BusinessStrategy
#Entrepreneurship
#Leadership
#Management
#Marketing
#Finance
#Startups
#Innovation
#Sales
#SmallBusiness
#CorporateCulture
#Productivity
#SelfDevelopment
#SuccessStories
#PersonalBranding
#Networking
#Negotiation
#BusinessEthics
#TimeManagement
#GrowthStrategies
#MarketAnalysis
#BusinessPlanning
#FinancialManagement
#HumanResources
#CustomerExperience
#DigitalTransformation
#Ecommerce
#SocialMediaMarketing
#BusinessCommunication
-
12:07
AV
10 months ago#178 Data Analysis: Mentats
3 -
12:08
AV
10 months ago#50 SWOT analysis
9 -
2:21
Welcome to the X-Press Podcast where we talk about all forms of creative expression
7 months agoDescribing the PESTEL Model of Economics | X-Press Clips
26 -
5:45
rumblemyamazonguy
6 months agoUnderstanding PPC Automation: A Detailed Analysis
10 -
15:37
theartofvalue
10 months agoPrimer Analysis: Mark Leonard, Constellation Software & Topicus
35 -
5:04
Ten Ton Online
2 years agoAnalyzing Your Market Research - Get Answers To These BIG Questions! @TenTonOnline
28 -
29:13
The Wandering Investor
1 year agoEcopetrol Stock Analysis with Calvin
16 -
3:22
Ten Ton Online
2 years agoDetermine Your Target Market - CLEAR Steps To BEGIN! @TenTonOnline
23 -
20:19
High Ticket Affiliate Marketer 2
2 years agoPLR Product Funnel
52 -
11:49
Microurb
10 months agoAnalyzing the Data…Again! (060)
1