18 Questions
A SWOT analysis makes complex problems more ________.
manageable
PESTLE is a mnemonic which, in its expanded form, denotes P for ________, E for Economic, S for Social, T for Technological, L for Legal, and E for Environmental.
Political
Political factors determine the extent to which a ________ may influence the economy or a certain industry.
government
Economic factors are determinants of an economy's ________ that directly impact a company and have resonating long-term effects.
performance
Social factors are one of the key elements of a ________ analysis.
PESTLE
Technological factors are one of the key elements of a ________ analysis.
PESTLE
PESTLE analysis can enable an organization to anticipate future business ______ and take action to avoid or minimize their impact.
threats
PESTLE analysis can enable an organization to spot business ______ and exploit them fully.
opportunities
Some PESTLE analysis users oversimplify the amount of ______ used for decisions.
data
The risk of capturing too much data may lead to '______ by analysis'.
paralysis
The ______ of change makes it increasingly difficult to anticipate developments that may affect an organization in the future.
pace
To be effective, the PESTLE analysis process needs to be repeated on a ______ basis.
regular
The ______ factors scrutinize the social environment of the market.
Social
The ______ factors pertain to innovations in technology that may affect the industry.
Technological
The PESTLE analysis is used for ______ business planning.
Strategic
The ______ analysis can detect and understand broad, long-term trends.
PESTLE
The PESTLE analysis facilitates an understanding of the wider ______ environment.
business
The ______ factors include all those that influence or are determined by the surrounding environment.
Environmental
Test your knowledge on various factors involved in a PESTLE analysis including social, technological, and legal factors. Explore how these elements can impact industries and markets.
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