STEP analysis is a strategic method corporations use to understand four major external environmental factors of the business landscape. The information derived from this analytical report helps the specific party to organize new internal decisions. More so, it allows decision-makers to focus on four of the most important factors that will influence business decisions, … [Read more...] about STEP Analysis: What it is and how to do it
DESTEP
What is DESTEP Analysis and How it’s Used in Business
Macro environments influence organizations. They are outside forces which can’t be controlled by individuals within a company. However, the macro environment affects how business is conducted. DESTEP analysis comprises significant external factors from the macro environment. It stands for demographic, economic, social, technological, ecological and political factors. A … [Read more...] about What is DESTEP Analysis and How it’s Used in Business