PESTLE Analysis Template Essay

Your notesPotential ImpactImplication and importance The list be diminished is just to drop dead you started. Remember to put these, and others that you add in the context of your organization or business. For example if you atomic number 18 a small private company the behaviours of a seawall Mart / Tesco or other large international player may well continue on you.If you are a local authority, government changes go away change your priorities. In the NHS changes to treatments and public attitudes will also impact and so on About your organization.How might the factors listed on the left impact your business or recess of the organization? H HighM MediumL LowU UndeterminedTime Frame0 6 months6 12 months12 24 months24 + monthsType supportive +Negative UnknownImpactIncreasing Unchanged =Decreasing UnknownRelative ImportanceCritical ImportantUn-importantUnknownPolitical raiseTrading policiesFunding, grants and initiatives plate market lobbying/pressure groupsInternational pressure groupsWars and conflictGovernment policiesGovernment term and changeElectionsInter-country relationships/attitudesTerrorismPolitical trendsGovernmental leadershipGovernment structures cozy political issuesShareholder/ stakeholder unavoidablenesss/ demands_______________________________________________________________________________________________Economic SWOTHome economy situationHome economy trendsOverseas economies and trendsGeneral taxation issuesTaxation changes limited to product/servicesSeasonality/weather issuesMarket and trade cyclesSpecific industry factorsMarket routes and distribution trendsCustomer/end-user driversInternational trade/monetary issuesDisposable income suppose growth/unemploymentExchange pass judgmentTariffsInflationInterest and exchange regularizesConsumer confidence indexImport/export ratiosProduction levelInternal financeInternal cash flow_______________________________________________________________________________________________Socia l SWOTConsumer attitudes and opinionsMedia viewsLaw changes professing social factorsBrand, company, technology imageConsumer buying patternsMajor events and bafflesBuying access and trendsethnical/religious factorsAdvertising and publicity estimable issuesDemographics (age, gender, race, family size,)Lifestyle changesPopulation shiftsEducationTrendsFadsDiversityImmigration/emigrationwellness biography standardsHousing trendsFashion & case modelsAttitudes to workAttitudes to people doing certain types of workLeisure activitiesOccupationsEarning capacityStaff attitudesManagement styleorganizational socializationChanges to education system_______________________________________________________________________________________________Technological SWOTCompeting technology developmentResearch reenforcementAssociated/dependent technologiesReplacement technology/solutionsMaturity of technologyManufacturing maturity and capacityIn chance variableation and communicationsConsumer buyi ng mechanisms/technologyTechnology ruleInnovation potentialTechnology access, licensing, patentsIntellectual property issuesGlobal communicationsInventionsInnovationsNew discoveriesResearchEnergy uses/sources/fuelsCommunicationsRate of obsolescenceHealth (pharmaceutical, equipment, etc.)Manufacturing advancesInformation technologyInternetTransportationBio-techGeneticsWaste removal/recyclingEmailM-learningE-learningCollaboration toolsSoftware changesRSI_______________________________________________________________________________________________Additional split of information if doing a cast abstract rather than a PEST analysis Legal SWOTCurrent legislation home marketFuture legislationEuropean/international legislationRegulatory bodies and processesEnvironmental regulationsEmployment lawConsumer protectionIndustry-specific regulationscompetitive regulations_______________________________________________________________________________________________Environmental SWOTEcologica lEnvironmental issuesInternationalNational localEnvironmental regulationsCustomer valuesMarket valuesStakeholder/ investor valuesStaff attitudesManagement styleorganizational cultureStaff moraleStaff enfoldingGlobal factorsEU based factors_______________________________________________________________________________________________topRemember this is only a tool. Call it what you like use whatever factors you tactile property are appropriate. Other variations embroil PEST analysis (STEP analysis) Political, Economic, Sociological, Technological comminute/ PESTEL analysis- Political, Economic, Sociological, Technological, Legal, Environmental PESTEL analysis PESTEL analysis- Political, Economic, Sociological, Technological, Environmental, Labour (Labor) related PESTEL analysis (rare no references available) PESTLIED analysis- Political, Economic, Social, Technological, Legal, International, Environmental, Demographic STEEPLE analysis Social/Demographic, Technological, Economi c, Environmental, Political, Legal, honourable SLEPT analysis Social, Legal, Economic, Political, Technological STEPE analysis Social, Technical, Economic, Political, and Ecological ETPS analysis Economic, Technical, Political and Social S finishning the business purlieuPESTLE Analysis on an HR surgical incision or other internal function While the PEST or PESTLE analysis is primarily aimed at looking at the external purlieu of an organization, many HR courses ask students to use the PEST or PESTLE analysis model to look at their own function. In this context we need to imagine that the department (HR) is an organization in its own right and look outside. Factors to include in your analysis may include the following PoliticalWhat is the culture of the organization,How is the HR function viewed by other functions?Who are the political champions of HR (or its adversaries)?Shareholder viewsEconomicWhat is the budgetary position of the department,Is more money available? are our customers likely to spend more or less money on the services we offer? What is happening to the financial status of the organization Interest ratesInflationSalary trends in the sectorSociologicalOther departmental attitudes to HRPopulation shifts (age profile)EducationFadsDiversityImmigration/emigrationHealthLiving standardsHousing trendsFashion & role modelsAge profileAttitudes to careerTechnologicalWhat changes may be coming our way?What new technology/ systems,How do we book attendance, performance? how might this change? Use of and encourage home working?Communications technologieschanges of technology that will increase/ reduce the need for recruitment changes to HR softwareLegalWhat is happening in our sector that will impact what we do? Minimum wage,Working time,Food stuffs,Under 18 working,Occupational/ industrial Training etc.What changes will impact the services of the organizationEnvironmentalStaff moraleStaff engagementNeed to reduce storage needManagement attitudes ( inside dept/ function)Organizational culturePESTLE Analysis for Schools or EducationBy rapidbi Last updated Sunday, April 19, 2009 Save & Share 2 Comments A PESTLE analysis is a tool that can provide prompts to the governors, management and staff involved in the analysis of the changes in the schools environment that could impact incoming finance, planning and management decisions. It can enable them carry out a more comprehensive analysis. A PESTLE is usually utilise in commercial message organisations as a part of the strategic development of a business and marketing plan, however a PESTLE analysis can be used as part of identifying the opportunities and threats (swOT) for operational planning within educational and school environments. The PESTLE provides a simple framework within which to consider external factors. PESTLE is used as part of a SWOT for identifying the external factors (OT)PoliticalSchools organism privatised (like the NHS)A government initiative realizes t he run a risk that the school may snap to deliver the policy or be diverted away from local priorities etc. Changes to the skills required to be a teacher/ tutorChanges to curriculum with compendious lead timesRequirement to be self managingRequirement to be self financingEconomicCentral or local government funding decisions may affect school/ establishment finances Closure of a local industry may affect fund raising plans etc. susceptibility of parents to raise funds for optional activitiesThe need to run breakfast/ after schools clubsAbility to invest savings/ surpluses constitute of providing resourcesStaff teaching & supportbasics books/ paperTechnology solutions laptops etcInterest ratesShortages of materials on national/ international marketsOver provision of school places in the area resulting in competition from neighbouring schools The risk of exceedingly valued, key staff moving on to moreup and coming schools/ academies SocialDecline in birth rate, reflecting natio nal trendsLocal nation changes (increasing/ decreasing numbers)Demographic changes may affect likely pupil rolls or the nature of pupils needs e.g. pupils with English as a second language etc. Closure of local firms providing employmentInability to attract staffSocial networking blogs, facebook, twitterChanges to qualifications expectedIntegration with local communityIntegration of students with special needsparental preference an increase in parent power has allowed parents more freedom of choice over their childs school the risk of highly valued, key staff moving on to more up-and-coming establishments Information is accessible to staff anywhere in the world via the Internet Staff were not given enough training or access to effectively change their habits and how they expected information to be made available TechnologicalChanges to standards/ equipment required risk of exposure of selecting the wrong technology at times of change (i.e. windows -v- open source) New computer vi ruses may affect school/ college operations,Disturbing/ illegal images on the net income may affect ICT security measures etc. Move from paper based books to e-book readersComputer hardware being out of dateComputer software being out of dateTime to manage IT systemsLegislativenew legislation may create risks of non-compliance with the law, create new administrative burdens etc Changes to child protection legislationRaise the age of school leaving ageRaise/ lower the age of starting school. Nursery/ kindergarten Change to school opening hoursChanges to funding of benevolence based organisationsHealth & safety legislationEnvironmentalA new highway layout near the school may create new dangers for pupils etc Waste garbage brassReduction of green space available for activitiesChanges to local bus routesUsing a significant amounts of paper and photocopier toner to produce printed information. For a more comprehensive PESTLE article see our pain page.A PESTLE TemplateArea being revie wedFactorIs factor positive or negative?PoliticalP NP NP NP NEconomicP NP NP NP NSocialP NP NP NP NTechnologicalP NP NP NP NLegislativeP NP NP NP NEnvironmentalP NP NP NP NRemember this is only a tool. Call it what you like use whatever factors you feel are appropriate. Other variations include PEST analysis (STEP analysis) Political, Economic, Sociological, Technological PESTLE/ PESTEL analysis- Political, Economic, Sociological, Technological, Legal, Environmental PESTEL analysis- Political, Economic, Sociological, Technological, Environmental, Labour (Labor) related PESTLIED analysis- Political, Economic, Social, Technological, Legal, International, Environmental, Demographic STEEPLE analysis Social/Demographic, Technological, Economic, Environmental, Political, Legal, Ethical SLEPT analysis Social, Legal, Economic, Political, Technological STEPE analysis Social, Technical, Economic, Political, and Ecological ETPS analysis Economic, Technical, Politi cal and Social Scanning the organizational environment Choose the acronym that most suits you or your organization.http//www.familybunker.com/forums/students-workshop/11967-swot-pest-analysis-part-ii.html Examples of SWOTsStrengths and weaknesses Resources financial, intellectual, location Cost advantages from proprietary know-how and/or location Creativity (ability to develop new products) Valuable intangible assets intellectual capital competitive capabilities Effective recruitment of talented individuals Competitive Advantage Brand reputation New productOpportunities and threats Expansion or down-sizing of competitors Market trends Economic conditions Expectations of stakeholders Technology Public expectations All other activities or inactivities by competitors Criticisms by outsiders Changes in markets All other environmental condition Global Influences NothingPESTEL Analysis for Macro-Environmenthttp//accalecturenotes.blogspot.com/2011/01/pestel-analysis-for-macro-environmen t.htmlPESTEL Analysis is used for the assessment of macro-environment (environment which indirectly affects business decisions) in which the business operates. Managers have to identify changes in macro-environment that influence their business decisions. These can be identified using PESTEL analysis.In exams, using this framework ensures that we have collected sufficient information necessary to analyze the scenario. Other frameworks used are equally acceptable. Below discussed factors are interrelated, points discuss in one factor can be included in other. 1. POLITICAL.The following points to be considered when evaluating the political environment of the industry or business. 1. Availability of government grants or assistance in the form of cash or other asset perhaps upon fulfillment of some conditions. 2. Award schemes to enforce quality standards.3. Stable or dynamic political environment i.e. is the government changes frequently resulting in changing policies being implemente d by every new government or the country are under military law or war? 4. Rules and regulations are polite or stringent. This indicates the venerability of the business to legal risk i.e. fines (can be discussed under legal also). 5. Barriers to entry and exit. Example by imposing licensing requirements. 6. Provision of training to workers.7. Provision of infra-structure, includes sewerage, transportation and energy.2. ECONOMICAL1. Business cycle, identify the point from which the business is suffering. The stages are depression, recession, recovery and boom. 2. Industrial cycle, identify the stage from which the industry is suffering. The stages are introduction, growth, maturity and decline. 3. Access to resources, finance at reasonable cost, workers at reasonable rates, material economically and easily and equipment with maintenance and spare parts. 4. Customers & suppliers, their handiness and bargain power should be assessed. 5. Taxation policies i.e. direct or indirect tax ation and rates 6. Inflation, interest and exchange rates.7. National income can also influence demand for the firms product. 8. Level of unemployment in the country, high unemployment may purport that employer has dominant position and can negotiate low wage rate with workers 9. Stock market condition rising stock market index means rising demand of shares in the stock market may give notice easily availability of finance at cheaper cost.3. SOCIAL1. Stakeholders demand, taste and behavior. Example customer, financers and supplier who may not support if your business conflicts their principles. 2. Increasing or slack population. Increasing population may suggest that higher demand for younger people products e.g. toys while decreasing population suggests opposite. 3. Attitude to work. Are people pull to their work or they just comply with standards. Healthy workers are more productive than overstressed workers. 4. Income distribution, how wealth for the country is scattered amon g individuals, even distribution may suggest that majority of the people can buy our product while uneven distribution may suggest that majority is poor and minority is rich which create demand for high volume and low priced and low volume high priced products respectively. 5. Social footprint. Impact that business leaves on the society 6. cultural change should be identified e.g. identifying societies leisure activities, changes in customs. 4. TECHNOLOGICAL1. Stable or robust. Stable environment may suggest longer product life cycle and low level of obsolesces while robust environment suggests otherwise. 2. New product developments may permit doing business more efficiently, cost-effectively and effectively. Employer may move towards automation, this is turn may affect other factors of the framework 3. Innovation leads to break-through in economy and it may affect society as well. Example facebook, youtube are the products which affecting youths behavior.5. ENVIRONMENTAL1. Green h all effect has affected the way business trades. There are increasing demands of environment friendly products. Example using hybrid cars and paper bags instead of waxy bags. 2. There are increase emphasis on environmental footprints and sustainability. 3. There are legislations being enacted related to environment. This forces the business to change its policies (the way they do business) and disposal costs to business like restoration of site.6. LEGAL1. Competition law imposes restriction of mergers and acquisitions to promote efficiency gained through competition. 2. Employment legislation protects rights of workers by place setting minimum wage requirements, anti-discrimination and anti-harassment legislation. 3. Health and safety legislation to protect workers.4. Imposition of high import duties to protect home industries. 5. Licensing requirement as discussed aboveStudents are advised to think as many points as possible so they can quickly identify if they come in the exam sc enario. Having thought its impact on business activities can save you lot of time. PESTEL ANALSIS is frequently used framework in exams and in practice. It is worth spent some time on it.