Review:
Pestle Analysis
overall review score: 4.5
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score is between 0 and 5
PESTLE analysis is a strategic tool used to analyze external macro-environmental factors that impact an organization. It stands for Political, Economic, Social, Technological, Legal, and Environmental analysis.
Key Features
- Strategic planning tool
- Focuses on external factors
- Helps assess risks and opportunities
- Guides decision-making
Pros
- Comprehensive analysis of external environment
- Helps in understanding market trends and business opportunities
- Useful in strategic decision-making
Cons
- Can be time-consuming to gather all necessary data
- May overlook internal factors affecting the organization