What is PESTLE Analysis?

In this video, I want to answer the question, what is PESTLE Analysis?

Watching this video is worth 1 Management Courses CPD Point.

This video is part of course module number 6.4.3
Program 6: Managing within an Organization
Course 4: Strategy
Section 3: Business Strategy

LESSON NOTES
============
PESTLE Analysis is a simple, yet powerful approach to Horizon Scanning. It suggests six common sources of change:
• Politics and political change
• Economics and financial pressures
• Society and social change
• Technology and technical advancement
• Legislative and regulatory constraints
• Environmental pressures (macro and micro-scale)

There are many variants on the PESTLE Framework, most notably, the short form PEST analysis and the variant PESTER Analysis that substitutes Legislation for Regulation.

My favorite variant is one I coined myself. It spells our SPECTRES:
• Society and social change
• Politics and political change
• Economics and financial pressures
• Commercial and competition pressures
• Technology and technical advancement
• Regulatory and legislative constraints
• Environmental pressures (macro and micro-scale)
• Safety and security imperatives

DOWNLOADS
===========
Free Resources
Paid resources

Management Courses Continuing Professional Development (CPD) Points
===========================================================
You can record your Management Courses CPD points on our free, downloadable CPD record log.

Note:
Links to our book recommendations are affiliated through Amazon

CHAPTER MARKERS
00:00 - What is PESTLE Analysis
00:12 - Defining PESTLE Analysis
01:09 - PESTLE Analysis as a Strategic Planning tool
01:28 - PESTLE Analysis as a Risk Identification tool
01:49 - Variants on the PESTLE Framework
02:17 - The SPECTRES Framework
03:27 - Summing up

#ManagementCourses #PESTLE #SPECTRES

[ManagementCourses]

When you want to identify trends, risks, changes, or any aspect of the future, PESTLE Analysis should be one of your go-to tools... Unless, that is, you know my own, improved version, SPECTRES Analysis!

Thank you for watching. Please support the channel and our free content. Like, subscribe, and hit the notification bell so YouTube knows to let you know when I produce more videos. For maximum support, please use the $ Thanks button, under the video, to make a small donation with a highlighted comment.