. The PESTEL analysis model was designed to identify the profitability of an organization or industry. The abbreviation stands for political, economic, social, technological, legal, and environmental factors. Environmental: These factors can affect Pepsi, but not immensely alter its trade and profit generation as these factors affect agri-businesses much more directly. Last modified: 2nd Nov 2020. While the PEST analysis is used by the organizations to identify potential risks and opportunities that might affect their operations, PESTLE analysis comes with a wider scope. How-to Research a Country If you want to analyze a smaller market/environment in the US, like a city or state, we recommend checking out Data USA, Statista, and local government websites for. The advantages are pretty self-explanatory,– the lower the level of uncertainty in your business, the lower your risk. It. A PESTLE Analysis Template is a powerful tool used to analyze and guide marketing strategies. The PESTEL (or PESTLE) analysis is a tool that identifies and analyzes the key drivers of change in a strategic or business environment. The 2 nd part of your SWOT analysis looks internally, to objectively assess your strengths and weaknesses. In 2022, Peloton’s revenue was $3. Vietnam’s GDP has been growing rapidly over the past few years, making it one of the fastest-growing economies in Southeast Asia. Standard (4:3) and Widescreen (16:9) aspect ratios. 3. This framework provides a comprehensive view of the business environment, aiding decision-making and strategic planning. PEST Analysis (Political, Economic, Social, and Technological) is a method whereby an organization can assess major external factors that influence its operation in order to become more. SWOT analysis then interprets these findings for the business to. This tool is especially useful when starting a new. 3 KB, 1 page. So, if you’re interested in exploring Nigeria’s potential as a market, sit tight as we take a closer look at this fascinating country’s PESTLE analysis. You cannot control the exterior world and what happens will directly impact to to charity,. 3. It is a useful analysis tool for decision-makers when evaluating the pros and cons of a project or initiative. 6+ Training Gap Analysis Templates. 1 Financial Objectives for 2011/12 and Agreement of Contract 4. PESTLE stands for Political, Economic, Social, Technological, Legal, and Environmental factors that can impact a business's growth and profitability. With the help of the diagram, the founders can identify opportunities and threats. The British people have become divided. Economic. A PESTLE analysis only provides as much value as the time you put into ensuring it’s thorough, so to complete a proper analysis you’ll need to do your online research, talk to experts, talk to your peers and industry organizations, check in with your local laws, etc. opportunities and threats (swOT) for operational planning within educational and school. The PESTLE Chart 3is a more comprehensive version of the SWOT Analysis or PEST4 Chart, which are used in strategic planning. In some ways PESTLE is the best framework to complete using examples, as it. Legal. PEST is an acronym for Political, Economic, Social and Technological factors, which are used to assess the market for a business or organizational unit. PESTLE analysis allows digital marketers to plan ahead. The economy of Canada is currently in a good state and the country registered a growth of 6. A PESTLE (Political, Economic, Social, Technological, Legal and Environmental) analysis is designed to map the external factors that are currently impacting or are. Part 1. It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making. Factors, Examples and Uses. So, it can impact the sales of products and revenues earned. Amazon is one of the most easily recognizable names in the world and has wide-reaching effects on how we consume many products. A PESTLE is usually used in commercial organisations as a part of the strategic development of a. Description: PEST Analysis helps organizations take better. It possesses two forms of revenue generation, Oxfam stores and fundraising, with majorly of its revenue coming from the latter. The PESTLE analysis is a useful tool for understanding market growth or decline, and as such the position, potential and direction. And like any other organization, charities are susceptible to external factors, particularly political, economic, social, technological, legal, and environmental in. Ireland is the world’s 20th largest island, 3rd largest in Europe, and 2nd largest in the British Isles. Remaining informed about PESTLE factors can ensure your business stays competitive. Especially after a certain spokesperson of theirs was convicted of a heinous crime. Completing a regular scan of your external environment, whether it’s once a day, once a week or once a month, will sharpen your business acumen and help you critically evaluate how to move your. Strengths of a company or a product make it stand out when in comparison with their competitors. Tell your story. It’s the season to plan, submit new budgets, analyze year-end results, and improve upon them for next year. PESTLE examines political. Inflation. Definition. Also, the PESTLE analysis lets you keep an eye on existing projects. Strengths: The S in the acronym stands for Strengths. The PESTLE analysis framework determines some of the most important external issues that the company must account for in its business strategies, to strengthen competitiveness against coffee and food-service. It has the potential to grow in the coming years. It is likely that risk assessment will be shaped by a government’s influence on a country’s infrastructure. Conclusion In conclusion, PESTLE analysis is an invaluable business tool that analyzes six different groups of external factors, all of which can affect businesses. PESTLE analysis is about looking outside your charity to identify risks and opportunities. 3. Most of the companies today are conducting pestle analysis to understand the market and deliver better customer value. Environmental (natural), and. We find that P stands for political, E for economics, S for social, T for technological, Le for legal, and E for environmental. The British people have become divided. The key here is specificity. PESTLE analysis of a company can give an overview of the external factors that can impact the progress and development of a company. Marketers can plan out strategies to make their business more successful with it, and it also helps them understand the problems in the business structure. 9+ Organizational Analysis Templates. However, there is described the PESTLE Analysis Example and its factors. PESTLE analysis for Charities: Bottom Line employees — more or less depending on the size of the charity. 7% in 2021 (CBC, 2021). And health-conscious customers adore it. E nvironmental. There’s a PESTLE tool for fundraising, with the Additional Tools in the downloadable toolkit. For example, a PESTLE analysis could help a clothing business. PESTLE Analysis Examples. PESTLE Analysis - also referenced as PESTEL, PEST, and a number of other variants - is a framework or evaluating macro context factors as part of strategy development. Ahead We Please PESTLE Investigation View, Let’s Recap on the Basics. 75; $7. How To Do A Pestle Analysis | Step 2. e. Let’s look at some examples of pestle analysis and how it has influenced the company’s performance. Organize your knowledge with lists and highlights. 7 million (Worldometer, 2023). This is a simple analysis of an organisation's Political, Economical, Social and Technological environment. Interest rates — Interest rates might appear in a range of different places, imposed by a range of. Relevant data. Author/Company: 50Minutes. PEST or PESTLE analysis is used to identify important external (macro-environment level) forces that could affect a company, creating opportunities or threats for the organization. 1079797 Page 2 of 7. In the wake of several relentless changes over the last few years, both globally and in the UK, we decided to re-run the analysis, looking at how events such as Brexit, the 2017 snap-election, the rise of. PESTLE is an acronym that stands for six external factors affecting your business: political, economic, sociological, technological. The best way to begin your SWOT analysis is by asking yourself questions and being entirely honest about the answers. The PESTLE analysis, also known as the PEST or PESTEL analysis, is a marketing framework utilized in enterprise risk management and strategic planning procedures. In business analysis, PEST analysis ("political, economic, socio-cultural and technological") describes a framework of macro-environmental factors used in the environmental scanning component of strategic management. This next resource is all about how to create a basic PESTLE, a PESTLE graph, or a PESTLE diagram, taking you through 6 steps to completing the full framework. Here’s an example of a PESTLE analysis template when used in SafetyCulture:A PESTEL analysis of a company entails critically looking at the political, economic, socio-cultural and technological factors surrounding the operational environment of the said company. Finance 4. Pestle Analysis Example of Walmart. Thou can download a more extensively business template, for well as. Determine a theme of the analysis. They are: P olitical. business and marketing plan, however a PESTLE analysis can be used as part of identifying the. A PESTLE analysis is an effective way to begin your strategy sessions, as it is a multifaceted approach which views the charity sphere in a holistic way. By studying each one individually and analyzing how they interact, marketers can. In addition, it clarifies the impact these elements. This has led to reduced demand for coffee in recent times. This charity strategy template gives you a simple 3 step process to use to created your charity's strategic, with working examples into help you. The business model can effectively be used by professionals to analyze a product, organization, individual and what position it. The PESTLE analysis framework is becoming increasingly popular and relevant with. You can't control the outside world and how it might impact your charity, but you can respond to it. An effective way to analyse key features of the external environment is to use PESTLE analysis. For example, this PESTEL analysis provides information for evaluating Verizon’s wireless services. The PESTLE analysis will discuss the business in more depth to understand how they. This type of reflection can form the basis for any kind of strategic work, and offers you an opportunity to: Identify Opportunities: A PESTLE analysis can help you identify potential. This means more people will have better houses and vehicles. PESTLE analysis helps you plan. Apr 3, 2017 by Kiesha Frue. 1 Strategic Overview – Vision, Objectives, SWOT, PEST etc. PESTEL is an acronym and the letters stand for Political, Economic, Social, Technological, Environmental and Legal. It is an acronym for Political, Economic, Social, Technical, Legal, and Environmental. The headquarters of this country is situated in Washington DC and it operates its business in different countries of the world. The PESTLE analysis can show the impact of political, economic, social, technological. This framework enables you to review and address various societal circumstances that affect business operations. Setting up Charity Shop. Share this page. opportunities and threats (swOT) for operational planning within educational and school. STEP 2: Conduct research for all six factors. 2. Technical. PESTEL Analysis is used for the assessment of macro-environment (environment which indirectly affects business decisions) in which the business operates. It combines all the representative factors in one table, and then you need to analyze based on the current market situation. This framework grew out of the earlier PEST analysis, an approach that evolved as companies began to focus more of their energies on environmental and legal factors. You are looking for Political, Economic, Social, Technological, Legal and Environmental events/changes that will impact your business and future goals. A PEST, PESTEL analysis or more recently named PESTELE is a framework or tool used by marketers to analyse and monitor the macro-environmental (external marketing environment) factors that have an impact on an organisation. PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors. Demographics. PESTLE analysis of a company can give an overview of the external factors that can impact the progress and development of a company. Step 2 - SWOT Analysis - bringing the outside world threats and opportunities together with your internal. You will. Then you need to assess. Pestle Analysis Example of Walmart. Factors, Examples and Uses. Such charity strategy template gives you one straightforward 3 step process to exercise to create your charity's strategy, with works examples to help you. 3 Delivery of Improving Lives Saving Lives (ILSL) and the Pledges 4. Have a look at respectable news and industry forums and websites to start. Prioritise: Arrange the factors from the brainstorm into the ones that the team feel are a) most impactful, and b) are most likely to materialise. Let's open the summation of the word PESTLE. 2. 1) Pestle Analysis Of Starbucks. Recommended: Read how to write your first PESTLE analysis from scratch. Starbucks is one of the biggest multinational chains in America that serves in the coffee industry along with roastery services. You might also come across ‘PESTEL’ analysis (which is exactly the same. PESTLE analysis is a framework to analyze the macro-economical factors that can influence an organization’s performance. 2. This analysis is also performed to assess the potential of a new market. Also, this framework helps to keep track of all the changes. business and marketing plan, however a PESTLE analysis can be used as part of identifying the. Pestle Analysis Example of Coca Cola. Pantene PESTLE (or PESTEL) Analysis assesses the brand on its business tactics across various parameters. The six factors that make up PESTLE analysis affect how Human. Initially, it was known as PEST Analysis. What is PESTLE Analysis? PESTLE analysis, which is sometimes referred to as PEST analysis, is a concept in marketing principles. We can't change what's happening at the outside world, but we can respond to this threats and deed opportunities. These two analysis tools can help a strategic planning team. In this PESTLE analysis for charities, you’ll teach how politics and economy among others impact, impede, or enhance charities. P stands for Political, E for Economic, S for Social, T for Technological, L for Legal and E for Environmental. E conomic. A practical, 3 step strategic plan template and guide to create your charity strategy, including how to carry out your PESTLE and SWOT analysis, with examples. Performing a SWOT analysis will feel different from anything you’ve done, so you may feel confused about how to start. Due to the extensive nature of this analysis, it is important to ensure all factors are relevant for generating accurate results that. Today, chia seeds may be trending but an exotic nut may be more important tomorrow. Step 2 - SWOT Analysis - bringing the outside world threats and opportunities together with your internal. Canada is one of the top 50 economies of the world. Eliminate weaknesses by taking advantage of opportunities. It provides an in-depth evaluation of the macroenvironment, which includes; Political, Economic, Social, Technological, Legal and Environmental factors. As a result of international trade, the market has greater competition and hence more competitive prices, making the product cheaper home for the consumer. Charity Strategy & Fundraising Strategy - Templates & Checklists. Step 1 - PESTLE Analysis - identifying the central difficulties for your charity on the outside world. If you’re new to PESTLE analysis, some examples are probably what you want to see most. PESTEL acronym stands for political, economic, social, technological, environmental and legal factors impacting companies. Pestle Analysis Example of Apple. In this case, the letters represent the categories to examine: p olitical factors, e conomic factors, s ociocultural factors, t echnological factors, e nvironmental factors, and l egal factors. Inflation. A PESTLE analysis may help when assessing the risk arising from the impact of external factors on a charity, particularly when working internationally. Factors that add value for NPO’s and are beneficial for their success will be classified as strengths and contrary to these factors which hurt the well-being of the industry will be called their weaknesses. Through this framework, business owners and operators can assess how the law influences their daily operations as well as longer-term strategic decisions. PESTLE AnALySiS Use a PESTLE Analysis when: Launching a new product or service Entering a new region or country Considering a new route to your market Working as part of a strategic project team As a manager, you are most likely to be involved in these sorts of discussions when your organization is: 1. Although a PESTLE analysis goes into more detail regarding the specific nature of the. They employ millions of people each year and helpunderprivileged people gain confidence. . Much to do with the name, it analyses the company’s strengths in line with the product/service and counts the USP (unique selling propositions) that it. Analysis of these five factors—political, economic, social, technological, legal, and environmental—is known by its acronym, PESTLE. Title: Pestle analysis template - worked example Author: HSE Subject: Pestle analysis template - worked example Created Date: 4/24/2023 3:08:41 PM PESTLE Analysis. A practical, 3 step guide and charity strategy template, including example charity PESTLE and SWOT analysis. Both SWOT and PEST analysis only provide you relevant information about current environments, which means—steel yourself—you’ll need to conduct more SWOT and PEST analyses in the future. Francis was an American scholar and Harvard professor. But this growth is not expected to hold on much longer and it is predicted that the country’s growth would witness a downfall in 2022 wherein it would grow by 3. We’ve collected the most effective political, economic, social, and technological (PEST) analysis templates for assessing how they relate to and impact your organization. 58 billion. Births continue to outnumber deaths and the population is expected to reach 74 million by 2039. This is a simple analysis of an organisation's Political, Economical, Social and Technological environment. Run through each area – S, T, E, E, P, L, E – recording threats and opportunities. The PESTLE analysis can show the impact of political, economic, social, technological. The social factors shape who we are as people. The 2 nd part of your SWOT analysis looks internally, to objectively assess your strengths and weaknesses. Exchange rates. PEST analysis is an analysis of the political, economic, social and technological factors in the external environment of an organization, which can affect its activities and performance. In this section, we’ll introduce you to some examples of PESTLE analysis of both countries and businesses. Registered as a charity in England and Wales (1079797) Scotland (SC045154) and Ireland (20100827). PESTLE analysis considers the broad environmental context that affects the business and the changes that occur in this context. Services. From political ones to environmental ones, each of these categories presents a wide range of variables which can impact a business. This PESTLE analysis section will examine the economic factors that affect the oil and gas industry. Collect data for your PESTLE analysis. But that doesn’t mean the company hasn’t faced challenges. In this PESTLE analysis of McDonald’s Corporation we are. The results of this PESTLE analysis of Verizon Communications Inc. Recent events in 2019 demonstrate how practical our PESTLE analysis tool can be when assessing the risk arising from a range of external factors, and their impact. . Brainstorm your PEST factors. Since coffee contains high amounts of caffeine many people think consider it to be an unhealthy drink. 1. A country with high economic growth will have a high living standard. 3. It should in a mixed business and commercial area with car parking spaces nearby and good foot traffic nearby. Adding a PESTLE analysis. PESTLE framework is a tool to analyse and monitor the macro-environmental factors that have an impact on a company and the industry environment in which it operates. Once We See PISTLES Analysis Examples, Let’s Recap on the Basics. Eliminate weaknesses by taking advantage of opportunities. An Important Business Analysis Tool. Step 1 - PESTLE Analysis - identifying the key issues for your charity in the outside world. 4. Enables a business to identify political aspects that affect its performance. (In the example below, a different color is used to show if the organization could control, influence, or neither control nor influence. 31 Mar 2023 Using a PESTLE analysis We recently shared information about one of our most effective ways to analyse the landscape around charities: the PESTLE analysis. PESTLE stands for political, economic, social, technological, legal and environmental. The government of a country intervenes in the national economy by setting policies or rules for business. A Pestel analysis is a framework that illustrates an organization's working state and the external factors affecting it. A PESTLE analysis looks under the macro trends in and surrounded ecology the organization. You can judge 6 types of environmental influences in the PESTEL framework. The Pest Analysis is completely objective. Now that we have discussed Peloton’s operations let’s proceed further and discuss PESTLE analysis. A variety of perspectives only strengthens a PESTLE analysis so think. Stage 1 of implementing your SOSTAC® planning framework is setting out the situation analysis. Demand / Supply. This concept was first introduced in 1967 as PEST analysis by Francis Aguilar. PESTLE analysis of Singapore explains how the political, economic, social, technological, legal and environmental factors have affected Singapore's growth. 1. The social factors section of your PESTEL analysis is perhaps the most important aspect in deciding if there is a compelling market opportunity for your new business or for your existing business considering a new location, whether that location is in a new neighborhood or 5,000 miles away. Used in a fundraising context, it helps you carve a sustainable niche in your market. However, the company is also affected by a number of external factors which may be beneficial or harmful to its overarching goal of. Performing a SWOT analysis for your project is a crucial step to develop a marketing strategy to tell your story. S. If you're doing a PESTLE analysis for a company or industry in the United States United States Country Profile (MarketLine ) This profile analyzes the political, economic, social, technological, legal, and environmental (PESTLE) structure in the US. Demand / Supply. The PESTEL analysis acronym has just gone down in history. Uses a selection of editable PowerPoint icons. A PESTEL analysis or PESTLE analysis (formerly known as PEST analysis) is a framework or tool used to analyse and monitor the macro-environmental factors that may have a profound impact on an organisation’s performance. Published in Companies category by MBA Skool Team. $ 12. PESTLE analysis is a tool which determines the external marketing factors (commonly known as macro environment factors) that have an effect on the organization. Step 1 - PESTLE Analysis - identifying the key issues for your charity in the outside world. It also explains the Charity Excellence #Survive&Thrive campaign to. Pestle Analysis Example of Amazon. The Opportunities and Threats identified as part of your SWOT analysis may cover this sufficiently or you may want to break it down into more detail using PESTLE analysis. Ready to use template with icons and text placeholders. This analysis gives practical insight into each of the above factors that can affect a business. Their slogan is “eat fresh” after all. Stage 1. PESTLE analysis examples for Social factor. com. AN PISTLES analysis looks at the macro trends in of surround environment your system. The insights gained from a nonprofit SWOT analysis help you. This has led to reduced demand for coffee in recent times. 1 PESTLE analysis (External factors that will/may impact on the service – the context for the service plan delivery) Political Landscape Economic Trends Social & Demographic Brexit Scottish Independence Referendum Bill 2 Scottish government review of Scottish Enterprise, Skills Development Scotland and the Funding Council PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors. Apple is a renowned brand in the world. Rise in cybercrime risk to data protection and operational stability. You will likely need various types of data and information. PESTLE Analysis: What The Future Might Hold For Your Charity. One way to do that is to use PESTLE analysis, a tool that helps you evaluate the external factors that could affect your project. things that affect your project. PESTLE - Macro Environmental Analysis. Your SWOT analysis is not finished until you've created proper actionable follow-up. Coca-Cola. PESTEL. By studying each one individually and analyzing how they interact, marketers can gain insights and. 2. High; trend for customers. Formerly known as PEST analysis, later called PESTEL is a framework or tool used to analyze and monitor the macro-environmental factors. The framework categorises the six forces of p olitics, e conomics, s ocio-culture, t echnology, e nvironment and l aw. 1. Consider PEST factors that could impact your business. The Coca-Cola Company is one of the world’s leading non-alcoholic beverage companies. Sometimes it's expanded to include legal and environmental factors and called a PESTLE analysis. If you're doing a PESTLE analysis for a company or industry in the United States United States Country Profile (MarketLine ) This profile analyzes the political, economic, social, technological, legal, and environmental (PESTLE) structure in the US. But whenit’s rising, the organizations gain bigger. The last page of your PESTLE analysis template must also include a section or one whole page to account for the following: Other notes or reminders; Recommendations and next steps; Analysis facilitator sign-off; Sample PESTLE Analysis Template. 1. Weaknesses: The W stands for. Although it is an expensive brand, people still go for it as it adds luxury to their lifestyle. PESTEL Analysis Framework. Business policy & incentives. KEYWORDS: PESTEL analysis, business environment, start-up, organisation, entrepreneurship Introduction PESTEL provides a framework for a comprehensive analysis of the environment in which organization operates, and for creating possible business strategies. Apr 3, 2019. 2. With a complete analysis, you can analyse the political, economic, sociocultural, technological, legal, and environmental factors that can impact the teams, performance, and operations of your company to mitigate. The PESTEL analysis model was designed to identify the profitability of an organization or industry. The external challenges are Political, Economic, Social, Technological, Legal, and Environmental. The last page of your PESTLE analysis template must also include a section or one whole page to account for the following: Other notes or reminders; Recommendations and next steps; Analysis facilitator sign-off; Sample PESTLE Analysis Template. Many find this the most difficult aspect of strategy. Pestle Analysis Example of Uber. g. The external challenges are Political, Economic, Social, Technological, Legal, and Environmental. This charity strategy template gives you a simple 3 step process to use to create your charity's strategy, with worked examples to help you. A Stakeholder Analysis will help with: Identifying the stakeholders for a program or project, including both potential critics and supporters; Identifying possible obstacles to project implementation; Grouping stakeholders by their level of influence, what is important to them, and/or what they could contribute to the process; Understanding how. These can be identified using PESTEL analysis. SWOT Analysis explores these factors at a business, product-line or product level. SWOT Analysis (Fundraising) S = Strengths W = Weaknesses O = Opportunities T = Threats A SWOT Analysis is a useful technique for understanding your Strengths and Weaknesses, and for identifying both the Opportunities open to you and the Threats you face. Social factors affecting the UK. A PESTEL analysis or PESTLE analysis (formerly known as PEST analysis) is a framework or tool used to analyse and monitor the macro-environmental factors that may have a profound impact on an organisation’s performance. A PESTLE analysis looks at the macro trends in the surrounding environment your organization. What is PESTLE Analysis? A PESTLE analysis is a framework or tool used by marketers to analyze and monitor the macro-environmental (external marketing environment) factors that have an impact on an organization. Births continue to outnumber deaths and the population is expected to reach 74 million by 2039. 5. Its smartphones, PCs, tablets, Music players, and TVs are very popular. Some factors will be more important to. For example, preceding a board retreat, you might engage different depart-ments or constituencies in a SWOT analysis for their particular area of expertise (e. PESTLE or PESTEL Analysis is a tool which helps companies have a ten thousand foot view of the macro environment it is operating in. High; trend for customers. A PESTLE analysis is a strategic planning tool you can use to evaluate the potential impacts of external factors on an organisation. complex energy monitoring systems are only useful if data is used to manage energy consumption. Pestle Analysis Example of Coca Cola. reviews the political, economic, socio-cultural, technological, environmental and legal factors that. A SWOT analysis is a simple technique with which you can establish the Strengths, Weaknesses, Opportunities, and Threats of your organization. Remaining informed about PESTLE factors can ensure your. A PESTLE analysis is a business measurement tool. As part of their business expansion, Tata Steel made some high risk investments in countries such as Bangladesh, Iran. It includes updated from 2019 through 2023. This book makes one big promise: you’ll be able to incorporate the advantages of PESTLE analysis within 50 minutes. How to Create a Pestle Analysis Template. Although it is an expensive brand, people still go for it as it adds luxury to their lifestyle. This resource provides a charity sector strategic outlook for 2023 by identifying the key issues facing us - effectively a PESTLE analysis you can use and adapt for your strategic planning and fundraising strategy. 14 Feb 2018. The more productive a workforce is, the more competitively they can price their products or services or increase. The UK has a big consumer market. Amazon is one of the most easily recognizable names in the world and has wide-reaching effects on how we consume many products. Use the following steps to help you conduct your next PEST analysis—just be sure to give yourself plenty of time to do a thorough evaluation. Pestle Analysis Example of Uber. Its broken down into the following sections: 1. It offers 2 scenarios for what the charity sector future might look like in 2023. A country with high economic growth will have a high living standard. Below are a set of questions you can ask to get started: The social aspect focuses on the forces within society. 2. Unlike other business analysis tools, PESTLE analysis works just as well for countries as. PESTLE analysis helps you plan. It usually covers an.