PESTLE analysis is a helpful tool to assess how external factors influence a company and its income. Running a PESTLE analysis is necessary for everyone who wants to launch a small business. However, it might take a lot of time to consider all the political, economic, social, technological, and other aspects. We offer you to use our tool to research the factors affecting a company in the long term.
A PESTLE diagram maker is designed to help everyone develop a profound analysis online and for free. This tool can complete your PESTLE analysis in a few clicks.
1️⃣ Why Use PESTLE Diagram Maker
Consider these benefits if you're hesitating about our PESTLE diagram maker.
- It saves you time. You get your PESTLE analysis done in a few clicks!
- It is 100% free. There are no hidden payments; you get unlimited access to the tool.
- It is entirely online. You can use a PESTLE diagram maker on any device and don't need extra storage.
- It is adjustable. There are many designs available – choose the one suiting your presentation the best.
- It is reliable. A team of experts has ensured that you get accurate and up-to-date information in your diagram.
2️⃣ PEST(LE) Table – What Is It?
A PESTEL analysis is a strategic instrument to evaluate the environment in which a business operates. Traditionally, this framework was referred to as a PEST analysis. PEST is an acronym for Political, Economic, Social, and Technological factors influencing an organization. Recently, Environmental and Legal factors were added to draw a complete picture of the environment in which a firm exists.
Which Factors Are Analyzed?
The key elements of a PESTEL analysis are:
|📌 Political factors||Political factors contain all the issues related to government actions and policies.|
|📌 Economic factors||Economic factors impact a firm since they are concerned with all the changes in local and global markets.|
|📌 Social factors||Social factors consider demographics, consumer beliefs, and lifestyle trends.|
|📌 Technological factors||Technologies are rapidly changing today's world, and the business sphere is no exception.|
|📌 Legal factors||Legal factors refer to the law and its changes, for example, consumer law, copyright law, employment law, etc.|
|📌 Environmental factors||People are beginning to recognize their impact on the environment, and factors like carbon footprint and the lack of natural resources are discussed more often.|
Note that a PESTEL and PESTLE analysis is the same. The only difference is the order of environmental and legal factors. However, all the elements have equal importance for business success.
What Is PESTLE Analysis in Strategic Management?
Strategic management involves planning, monitoring, and analyzing all the needs that occur when an organization tries to meet its goals. It often uses PESTLE analysis information to optimize a firm's performance. Other business tools that complement the PESTLE framework include the SWOT analysis and the 5 Forces Model.
3️⃣ Free PESTLE Analysis Template
Here, find a PESTLE analysis template and some examples for each group of factors. You can specify the examples or come up with your own ones.
4️⃣ PESTLE Analysis Examples
This section contains a collection of A+ PESTLE analysis examples published in our essay database. You might want to use them for reference.
- PESTEL Analysis of the UK for Entry by the Dubai-Based Eniverse Technologies
- Apple’s PESTEL, SWOT, Five Forces, VRIO Analyses
- Nike Company: Porter’s Five Forces Model and PESTEL
Good luck, and don’t hesitate to ask us any questions!