There are loads of business analysis tools out there, but the PESTEL model, also called PESTEL analysis, is one of our favorites. The PESTEL model is a type of PEST analysis which considers six crucial business factors. The six categories are: Political Economic Sociocultural Technological Environmental Legal Although it may seem simple at first sight, there's a … [Read more...] about What Is the PESTEL Model for Business Analysis?
pestle analysis business
PESTLE analysis can be an extremely effective tool in business, if used correctly. It falls under the category of ‘environmental analysis’, which is to say that it revolves around identifying the various external variables that affect a business’s performance. Specifically, these are the Political, Economic, Social (sometimes socio-cultural), Technological, Legal, and … [Read more...] about PESTLE Analysis: Technological Factors Affecting Business
Tesco, a multinational food retailing company, is headquartered in the UK and has stores in 12 countries across the world. It is the second largest retailer after Wal-Mart in terms of profits made and also holds the title for the second largest retailer considering revenues. Generally known for selling food and non-food products, Tesco, now also provides finance, mobile, … [Read more...] about PESTLE Analysis for Tesco discusses its Business Environment
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