The following list explains each of the factors and gives you an overview of what you need to keep in mind: It is a framework used to analyze and monitor external macro-environmental factors that can have a significant influence on organizations and industries. PESTEL is an acronym that stands for Political, Economic, Social, Technological, Environmental, and Legal factors. This article delves into the intricacies of the PESTEL analysis, its six key sections, and provides an example of how it can be applied in the consulting industry. A powerful tool that aims at the macro-level is the PESTEL analysis, which enables consultants to assess and understand the external factors that impact organizations. Next article The PESTEL Analysis for ConsultingĪs aspiring consultants entering the dynamic world of consulting, it is crucial to arm yourselves with effective tools and frameworks to navigate the complexities of the business landscape.
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