In today’s ever-changing society, businesses must always be aware of the external influences that affect their decisions and operations. Social factors, such as changes in consumer demographic preferences, technology use, and attitudes, can have a massive impact on businesses. To better understand these changes and their effects on the business environment, companies often employ environmental […]

Modern business requires organizations to plan and strategize their operations to meet the demands of a changing economic climate. Although many external environmental factors influence business, one key factor is the political environment, both locally and internationally. Changes in government policies and legislation can create complex challenges for businesses as they aim to achieve success […]

Understanding the role that economic factors play in affecting businesses is essential to any executive looking to make sound decisions and guide their enterprise to financial success. PESTLE Analysis allows an organization to analyze the external environmental factors — political, economic, social, technological, legal, and environmental — that can impact the performance of a business. […]