Nowadays the business environment is changing faster than ever before. The organisations must analyse the implications of these changes and modifying the way they react to them, and adapt the business strategy. PESTLE Analysis is a well known tool for identifying these external factors, which can be used to help you consider Political, Economic, Social,…
What is it? The PESTLE Analysis provides a framework for investigating and analysing the external environment for an organisation. The framework identifies six key areas that should be considered when attempting to identify the sources of change. In general, the organisation has no control over this external factors, but it has to know and understand…