What is PESTEL?
PESTEL analysis is a strategic tool used by companies to understand and evaluate external macro-environmental factors that affect their business operations. This tool covers six key areas: Political, Economic, Social, Technological, Environmental, and Legal.
For instance, it can highlight political factors such as government policies promoting electric vehicles, economic aspects like inflation rates impacting car sales, social trends toward sustainability, technological advancements in vehicle performance and cost, environmental concerns related to car usage, and legal considerations such as emissions regulations.
Key Features:
Instant generation of PESTEL analysis through an AI-powered platform
Comprehensive coverage of all six PESTEL factors
Detailed insights into external factors affecting business operations
Use Cases & Applications:
Helps organizations strategize effectively by understanding the broader environment
Assists in identifying opportunities and threats in the market
Supports decision-making processes by providing detailed analysis on various external factors