PESTLE analysis is an invaluable business tool that analyzes six different groups of external factors, all of which can affect businesses.
External Factors that Affect a Business
The external factors that affect a business are the variables which influence the operation of a company despite their innate inability to be changed.
PESTLE Analysis: Legal Factors Affecting Business
Legal factors in PESTLE analysis play a big part in deciding how businesses operate and what profits they receive, as well as how customers behave.
PESTLE Analysis: Technological Factors Affecting Business
Technological factors are one of many external factors that can affect businesses, and are an integral part of PESTLE analysis.
PESTLE Analysis: Environmental Factors Affecting Business
Environmental factors that affect business refer to the physical environment on Earth, including everything from climate to the availability of resources.
PESTLE Analysis: Economic Factors Affecting Business
Understanding how Economic factors affect business is essential to making smart decisions and guiding your company to greater heights.
SWOT Analysis Threats: Definition & Examples
The last letter in the SWOT acronym is T, which stands for Threats. Read the definition and examples of threats in SWOT analysis.
SWOT Analysis Opportunities: Definition & Examples
The third letter in the SWOT acronym is O, which stands for Opportunities. Read the definition and examples of opportunities in SWOT analysis.
SWOT Analysis Weaknesses: Definition & Examples
The second letter in the SWOT acronym is W, which stands for Weaknesses. Read the definition and examples of weaknesses in SWOT analysis.
SWOT Analysis Strengths: Definition & Examples
The first letter in the SWOT acronym is S, which stands for ‘Strengths’. Read the definition and examples of strengths in SWOT analysis.