How to do Pestle analysis for your business - External Factors Affecting Your Plan

A PESTLE analysis is a useful business tool for gaining a macro picture of your business environment. Sometimes called PEST or PESTEL - PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors. This video will help you form an impression of the factors that might impact your business or industry.

Follow the steps in the video to create your own plan based on the acclaimed PESTLE model.

In this video, we will be discussing how to do a PESTLE analysis for your business, step-by-step. A PESTLE analysis is a strategic planning tool that helps businesses identify the external factors that affect their operations. By conducting a PESTLE analysis, you can gain valuable insights into the political, economic, social, technological, legal, and environmental factors that can impact your business.

In this tutorial, we will guide you through the six stages of a PESTLE analysis: identifying political factors, economic factors, social factors, technological factors, legal factors, and environmental factors. We will show you how to use a PESTLE analysis template and provide tips on how to conduct market research and analyze industry trends.

By conducting a PESTLE analysis, you can develop a comprehensive business strategy that takes into account the external factors that affect your operations. This can help you make informed decisions and stay ahead of the competition.

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Timestamps for this PESTLE analysis planning system video:

00:00 PESTLE or PEST or PESTEL
00:41 What is a PESTLE analysis?
02:21 Political Factors
03:00 Economic Factors
03:47 Social Factors
04:39 Technological Factors
05:19 Legal Factors
06:11 Environmental Factors
06:55 How to do a PESTLE Analysis

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