PESTLE Analysis Template
This PESTLE Analysis template is designed so that you can record those aspects within each factor of your PESTLE analysis that are outside your organizations control and will have an impact on how it operates. This analysis technique should be used in conjunction with other tools such as a SWOT and other strategy tools.
Using PESTLE analysis is a method of analyzing the effects that a variety of outside forces will have on the operations and future of an organization. This method has become more popular in recent years as the fast-changing business landscape requires that managers always be thinking a step ahead to plan their next move. PESTLE is a good tool, although its usefulness depends on the specifics of your organization and in what manner you do business.
Each letter in the acronym PESTLE stands for a different portion of the analysis. The breakdown is as follows –
- Political Factors
- Economic Factors
- Social Factors
- Technological Factors
- Legal Factors
- Environmental Factors
Overall, PESTLE analysis is a quality tool that holds value for the managers of today. The world has never been more connected, or more complex, than it is right now. The more inputs you can consider and the more change you can forecast, the better manager you will be. Adding PESTLE analysis to your toolbox of skills is a great way to stay ahead of the game.
