MANAGEMENT

Detailed explanation-1: -A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making.

Detailed explanation-2: -What is PESTLE? A PESTLE analysis is a tool used to gain a macro picture of an industry environment. PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors. It allows a company to form an impression of the factors that might impact a new business or industry.

Detailed explanation-3: -SWOT and PESTLE are strategy frameworks used to analyze a company’s financial health and competitive advantages or disadvantages. These strategy tools were created to analyze internal and external forces affecting a company or industry.

Detailed explanation-4: -A PESTEL analysis is a framework or tool used by marketers to analyze and monitor the macro-environmental (external marketing environment) factors that have an impact on an organization, company, or industry.

Detailed explanation-5: -In business analysis, a PESTEL analysis is an abbreviation for a tool used by marketers for identifying the macro-environmental forces facing an organization.