PESTEL & TO
To analyze and monitor macro-environment factors and the opportunities effecting...
- Steps
- 7
- Last edited
- Mar 25, 2024
- Created by
- Nova
About this process
PESTEL is an acronym that stands for Political, Economic, Social, Technological, Environmental and Legal factors. To this we are adding a section for Trends and opportunities. Over the last few years, organizations have expanded the framework with new factors. You can add additional factors like Demographics, Intercultural, Ethical and Ecological to better respond to your situation. This tool is used marketers to analyze and monitor the macro-environmental factors that have an impact and can influence your organization and your activities. Duration: 1h to 10 hours
The process in detail
7 steps- 1
Political factors affecting your organization.
- 2
Economic factors affecting your organization.
- 3
Social factors affecting your organization.
- 4
Technological factors affecting your organization.
- 5
Environmental factors affecting your organization.
- 6
Legal factors affecting your organization.
- 7
Key highlights
Read the full text
1. Political factors affecting your organization.
Evaluate and monitor the political factors affecting your organization. How and to what degree a government and the current policies intervene in the economy? Think about: government policy, political stability or instability in overseas markets, foreign trade policy, tax policy, labor law, environmental law, trade restrictions, etc You will need to be able to respond to the current legislation. You can also anticipate future legislation, and adjust your marketing policy accordingly to better take advantage of those policies.
2. Economic factors affecting your organization.
Evaluate and monitor the economic factors affecting your organization. Evaluate economic factors that can have a significant impact on how an organization does business and also how profitable they are. Evaluate factors like economic growth, interest rates, exchange rates, inflation, disposable income of consumers, etc
3. Social factors affecting your organization.
Evaluate and monitor the social factors affecting your organization. Factors that include shared beliefs and attitudes of the population.
4. Technological factors affecting your organization.
Evaluate and monitor the technological factors affecting your organization.
5. Environmental factors affecting your organization.
Evaluate and monitor the environmental factors affecting your organization. How is your company trying to be ethical and a sustainable company, reducing your carbon footprint targets set by governments and by other organizations?
6. Legal factors affecting your organization.
Evaluate and monitor the legal factors affecting your organization. Evaluate health, safety, equal opportunities, advertising standards, consumer rights and laws, product labeling, product packaging and product safety.
7. Key highlights
Use our highlight feature to to reveal key findings and important conclusions.
- POLITICAL
- ECONOMIC
- SOCIAL
- TECHNOLOGICAL
- ENVIRONMENTAL
- LEGAL
- Add text here...
- Add text here...
- This is a sticky note
- This is a sticky note
- conclusions & highlights