2 years ago

Pestel analysis for security industry in uk

1 answer:

8 0

Explanation:

PESTEL analysis is an acronym for Political, Economic, Socio-cultural, Technological, Environmental, and Legislative, and it is probably one of the most well-known top-level battle-hardened business planning tools. It was simply PEST analysis when we first came across the tool, some 30 years ago: the EL was added along the way to make it more all-encompassing.

When should you use it?

PESTEL is most commonly used in what economists refer to as a "macroeconomic analysis," which simply means thinking about future plans - to you and me, business planning and strategy. It is one of the most well-known and battle-tested top-level business planning tools.

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