If you try and count the number of businesses operating in this era, I guarantee that you won’t be able to even have a rough estimate because the number is for sure immensely large. So many industries in so many countries are scattered over the globe; it is overwhelming to put it lightly. Now how would one decide to start a business venture? Sure people who have a lot of … [Read more...] about What is Environmental Scanning and How Can PESTLE Analysis Help?
Ever wonder why a business crumbles? Despite the perfect budget, and laser-focused marketing? And despite the product being in demand? Somehow, success never happens. It’s because the foundation is faulty. And that foundation is internal and external factors, which, left unattended, can rupture and kill a business. Using Business Environment Analysis helps identify these … [Read more...] about Why Business Environment Analysis is the Foundation of Every Business
PESTLE analysis is a tool used in business to gain information about a company’s circumstances (its “environment”), and what may come of them. This simple analysis, which revolves around the Political, Economic, Social, Technological, Legal, and Environmental factors that affect a business, is an extension to PEST analysis (which only looks at the first four of the … [Read more...] about PESTLE Analysis: Environmental Factors Affecting Business
India, officially known as the Republic of India, is the seventh largest country by area, and the second most populous in the world with more than 1.2 billion people. Attaining independence in 1947, the South Asian country is known for its cultural diversity and is also among the world’s leading democratic countries. For the past decade or so, India has been experiencing a … [Read more...] about PESTLE Analysis of India in five Steps
Everyday our market is changing the way it is. Many new things are developed and in a matter of about some seconds, the whole scenario stands different in front of us. Among them, there are many things that we can control and then there are other things that fall beyond our control and those are called systematic factors. Systematic things happen in the environment we live in, … [Read more...] about PESTLE Analysis: Business Environmental Analysis