PESTLE analysis, also known as PEST analysis, is a strategic planning tool used to assess the external environment of an organization. PESTLE is an acronym that stands for:

PESTLE analyses are often used by businesses to assess their competitive position and to develop strategies for growth. However, they can also be used by individuals or other organizations to assess their external environment and to identify opportunities and threats.

To conduct a PESTLE analysis, you will need to gather information about the external environment of your organization. This information can be gathered from a variety of sources, including:

Once you have gathered the information, you will need to analyze it and identify the factors that could affect your organization. You can then use this information to develop strategies for growth or to improve your organization’s performance.

Here are some of the benefits of conducting a PESTLE analysis:

PESTLE analyses are a valuable tool for businesses and other organizations. By conducting a PESTLE analysis, you can gain a better understanding of the external environment of your organization and how it could affect your organization’s performance. This information can be used to develop strategies that will help you achieve your goals.