PESTLE analysis is a framework used to analyze the external environment by examining Political, Economic, Social, Technological, Legal, and Environmental factors.
Questions & Step-by-step Solutions
1 item
Q
Q: What does PESTLE analysis stand for?
Solution: PESTLE analysis is a framework used to analyze the external environment by examining Political, Economic, Social, Technological, Legal, and Environmental factors.
Steps: 9
Step 1: Understand that PESTLE is an acronym.
Step 2: Identify what each letter in PESTLE stands for.
Step 3: P stands for Political factors.
Step 4: E stands for Economic factors.
Step 5: S stands for Social factors.
Step 6: T stands for Technological factors.
Step 7: L stands for Legal factors.
Step 8: E stands for Environmental factors.
Step 9: Recognize that PESTLE analysis helps in examining the external environment.
