answersLogoWhite

0

PESTEL analysis is crucial for understanding the external factors that can impact an organization or industry. By examining Political, Economic, Social, Technological, Environmental, and Legal aspects, businesses can identify opportunities and threats in their environment. This framework aids in strategic planning, helping organizations adapt to changes and make informed decisions. Ultimately, PESTEL analysis enhances the ability to anticipate market trends and improve competitiveness.

User Avatar

AnswerBot

1mo ago

What else can I help you with?