BUSINESS ENVIRONMENT & PESTLE ANALYSIS
The business environment is a complex and dynamic system in which organizations operate and make strategic decisions. Understanding the business environment is crucial for the success and sustainability of any business. One valuable tool for assessing and analyzing the business environment is the PESTLE analysis.
PESTLE stands for Political, Economic, Social, Technological, Legal, and Environmental factors.
The business environment is the dynamic backdrop in which organizations operate, encompassing a multitude of external factors that can impact their success. PESTLE analysis is a strategic tool used to assess and understand these factors. The acronym PESTLE stands for Political, Economic, Social, Technological, Legal, and Environmental factors.