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What is PESTLE Analysis Assignment?
When doing a PESTLE analysis assignment, you must examine how different things outside its control influence a business or an organization. PESTLE is an acronym for six factors: Political, Economic, Social, Technological, Legal, and Environmental. You have to consider each of these factors and how they affect the strengths and weaknesses of the business or the organization in the big picture.
A PESTLE analysis assignment can help you improve your skills in thinking critically, researching, and writing. It can also help you understand more about the external situation of a business or an organization and how it impacts its goals and outcomes.
What Do You Understand By PESTEL and SWOT Analysis?
When you want to evaluate how a business or an organization is doing, you can use PESTEL and SWOT analysis frameworks. They can help you find out the strengths and weaknesses of a situation and make smart choices based on them.
PESTEL points Political, Economic, Social, Technological, Environmental, and Legal elements. These big things can affect a business or an organization over a long time. PESTEL analysis helps you find out the chances and risks that come from these factors and how to deal with them.
SWOT means Strengths, Weaknesses, Opportunities, and Threats. These small things can affect a business or an organization over a short time. SWOT analysis helps you find out the strengths and weaknesses of your business or organization and what can help or hurt it in the market or the environment. SWOT analysis helps you use your organization’s strengths, fix your weaknesses, take advantage of your chances, and avoid or reduce your risks.
PESTEL and SWOT analysis are often used together to get a complete view of the situation and to make effective plans and actions.
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