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- Last Updated: Saturday, 03 October 2015 19:56
A PESTLE analysis is mainly involved with studying all the external factors that can directly or indirectly impact future long, medium or short term strategies. Its an acronym that stands for POLITICAL, ECONOMICAL, SOCIAL, TECHNOLOGICAL, LEGAL AND ENVIRONMENTAL. These are all mainly external factors.
The results of a PESTLE analysis are used to inform the SWOT analysis which in turn identifies the factors which may emerge or impact the strategy.
| Translate into tasks for the project plan | Strengths | Weaknesses |
| Opportunities | How do i use these strengths to take advantage of these opportunities? | How do i overcome the weaknesses that prevent me taking advantage of these opportunities ? |
| Threats | How do i use my strengths to reduce the likelihood and impact of these threats? | How do i overcome the weaknesses that will make threats a reality? |
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The below 8 steps give you an overall view of the general actions that should be followed when putting together any strategic plan. 1. Getting prepared.Decide on the team who will be involved in the ...
2012-08-21 06:07:32
What is a SWOT analysis ?
SWOT analysis is a very common and useful strategic planning tool. It is simply an acronym for Strengths, Weaknesses, Opportunities and Threats. Its an exercise often used by the team tasked with ...
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Values are enduring, passionate, and distinctive core beliefs. They’re guiding principles that never change. Values are why you do what you do and what you stand for. Values are deeply held ...
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Strategic Planning and Thinking
What is a strategic plan?A strategic plan is the formal roadmap that describes how a company executes its long term strategy. A plan outlines where an organization is going over the ...
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What is PESTLE analysis ?
A PESTLE analysis is mainly involved with studying all the external factors that can directly or indirectly impact future long, medium or short term strategies. Its an acronym that stands for ...
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Visioning : Forming a strategic vision
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