Question: Paraphrase this please. If you don't know to, don't do it! Do not waste my point! Thank you! PESTEL Analysis is a strategic framework used

Paraphrase this please. If you don't know to, don't do it! Do not waste my point!

Thank you!

PESTEL Analysis is a strategic framework used to evaluate the external environment of a business by breaking down the opportunities and risks into Political, Economic, Social, Technological, Environmental, and Legal factors. PESTEL Analysis can be an effective framework to use in Corporate Strategy Planning and for identifying the pros and cons of a Business Strategy. This framework is an extension of the PEST strategic framework, one that includes additional assessment of the Environmental and Legal factors that can impact a business. Below we break down the key items of each of the 6 Factors of the PESTEL framework (Political, Economic, Social, Technological, Environmental, and Legal). Points derived from PESTEL Analysis can be incorporated into other strategic frameworks, such as SWOT Analysis and Porters 5 Forces, where relevant.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Watershed is a media services company that provides online streaming movie and television content. As a result of the competitive market of streaming service providers, Watershed is interested in...

Managerial Decision Making Six Decision Stages in Chapter 5 I. Identify and Diagnose the Problem Consider the following questions when identifying and diagnosing the problem: Is there a difference...

The case assignment will be based on Case #13 in your textbooks (Thompson, Strickland, Gamble, Peteraf (23e) - Crafting and Executing Strategy: The Quest for Competitive Advantage Concepts and Cases,...

Great post! I think you make a great point on how Genzyme should diversify into other available areas. However, my recommendation for Genzyme's future success would be to expand in it's current...

'inventing new knowledge is not a specialized activity...it is a way of behaving, indeed a way of being, in which everyone is a knowledge worker' (Nonaka, 1991). Following this line of thought, and...

MNG3701/101/3/2016 Tutorial Letter 101/3/2016 Strategic Planning MNG3701 Semesters 1 and 2 Department of Business Management IMPORTANT INFORMATION: Please activate your myUnisa and myLife email...

TIME FOR A CHANGE AT THE CHANGE FOUNDATION Alexander Smith wrote this case under the supervision of Professor Anne Snowdon solely to provide material for class discussion. The authors do not intend...

Please read below and provide an Executive Summary Key Problems GAP like most retailers has been enduring a hard time in the recent years. There have been various factors that played towards the...

Outline for Capstone Project Final Case Analysis Requirement STRATEGIC MANAGEMENT PROCESS -is the full set of commitments, decisions and actions required for the firm to achieve strategic...

Dear Tutor, I am attaching my Audit assignment in pdf along with some changes attached in doc file. The assignment has to be made according to the changes madein the doc file. Thank you. BFA713 AUDIT...

Case Study ************************************************************************************************************************************************** "DoorDash is a technology company that...

Has the electronic checkout supplanted the need for good customer service?

Compare the Christian world view to Secular world view of accounting.

The process of selecting a mutual fund begins with determining whether you want to invest in a load or no-load fund. True False

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...