PESTLE Analysis Template Essay

Your notesPotential ImpactImplication and importance The list be showtime is exactly to get you started. Remember to put these, and early(a)s that you add in the context of your g overnance or rail course line. For example if you argon a small private community the behaviours of a Wall Mart / Tesco or other large worldwide player may well collision on you.If you are a topical anaesthetic authority, organisation changes entrust change your priorities. In the NHS changes to treatments and public attitudes will also impact etc. About your organization.How might the factors listed on the left(a) impact your blood or part of the organization? H HighM MediumL disorderedU Unde borderinedTime Frame0 6 months6 12 months12 24 months24 + monthsTypePositive +Negative undiscoveredImpactIncreasing Unchanged =Decreasing Unkn declareRelative Importance comminuted ImportantUn-importantUnknownPolitical gussy upTrading policiesFunding, grants and initiativesHome merchandise pl ace lobbying/pressure groupsInter interior(a) pressure groupsWars and conflictGovernment policiesGovernment term and changeElectionsInter-country relationships/attitudesTerrorismPolitical trendsGovernmental leadershipGovernment structures ingrained political issuesShareholder/ stakeholder films/ demands_______________________________________________________________________________________________ frugal SWOTHome delivery situationHome economy trendsOverseas economies and trendsGeneral taxation issues taxation changes specific to harvest-feast/servicesSeasonality/weather issuesMarket and trade cycles limited manufacturing factorsMarket routes and statistical distribution trendsCustomer/end-user driversInternational trade/ financial issuesDisposable incomeJob growth/unemploymentExchange ratesTariffs pomposity kindle and put back ratesConsumer confidence indexImport/export ratios mathematical product levelInternal payInternal cash flow____________________________________________ ___________________________________________________ social SWOTConsumer attitudes and opinionsMedia viewsLaw changes carry oning social factorsBrand, company, applied science imageConsumer buying patternsMajor events and twinesBuying access and trendsEthnic/religious factorsAdvertising and promotion honest issuesDemographics (age, gender, race, family size,)Life bearing changesPopulation shiftsEducationTrendsFadsDiversityImmigration/out-migrationHealth funding standardsHo employ trendsFashion & role modelsAttitudes to workAttitudes to masses doing certain types of workLeisure activitiesOccupationsEarning capacityStaff attitudesManagement style organizational elaboration exchanges to education system_______________________________________________________________________________________________technical SWOTCompeting applied science developmentResearch fundingAssociated/dependent technologiesReplacement technology/solutions adulthood of technologyManufacturing maturity and c apacityInformation and communicationsConsumer buying mechanisms/technologyTechnology legislationInnovation potentialTechnology access, licensing, patentsIntellectual attribute issuesGlobal communicationsInventionsInnovations in the buff discoveriesResearchEnergy uses/sources/fuelsCommunications assess of obsolescenceHealth (pharmaceutical, equipment, etc.)Manufacturing advancesInformation technologyInternetTransportationBio-techGenetics drive out removal/recyclingEmailM-learningE-learningCollaboration jibesSoftware changesRSI_______________________________________________________________________________________________Additional break in of information if doing a infestationLE compend rather than a plague analysis Legal SWOTCurrent legislation property securities industryFuture legislationEuropean/ world(prenominal) legislationRegulatory bodies and processesenvironmental regulations concern lawConsumer protectionIndustry-specific regulationscompetitive regulations___________ ____________________________________________________________________________________Environmental SWOT bionomicalEnvironmental issuesInternationalNationalLocalEnvironmental regulationsCustomer setMarket valuesStakeholder/ investor valuesStaff attitudesManagement styleorganizational cultureStaff moraleStaff combatGlobal factorsEU based factors_______________________________________________________________________________________________topRemember this is only a tool. portend it what you the like use whatever factors you feel are appropriate. Other variations overwhelm pestis analysis (STEP analysis) Political, Economic, Sociological, technological expletiveLE/ PESTEL analysis- Political, Economic, Sociological, Technological, Legal, Environmental PESTEL analysis PESTEL analysis- Political, Economic, Sociological, Technological, Environmental, Labour (Labor) cogitate PESTEL analysis (rare no references available) PESTLIED analysis- Political, Economic, kind, Technologica l, 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, Political and Social Scanning the occupancy environmentPESTLE Analysis on an HR department or other internal function While the PEST or PESTLE analysis is primarily aimed at looking at the external environment 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)?Sh areholder viewsEconomicWhat is the budgetary blot of the department,Is to a greater extent(prenominal) money available?Are our customers credibly to decease more or less money on the services we cleft? What is happening to the financial status of the organization Interest ratesInflationSalary trends in the heavensSociologicalOther 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 record attendance, performance? how might this change? Use of and encourage property working?Communications technologieschanges of technology that will subjoin/ 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, to a lower place 18 working,Occupational/ industrial Traini ng etc.What changes will impact the services of the organizationEnvironmentalStaff moraleStaff engagementNeed to reduce storage needsManagement attitudes (inside dept/ function)Organizational culturePESTLE Analysis for Schools or EducationBy rapidbi Last updated Sunday, April 19, 2009 economize & Share 2 Comments A PESTLE analysis is a tool that can provide prompts to the governors, management and lag involved in the analysis of the changes in the informs environment that could impact future finance, prep and management decisions. It can enable them carry out a more comprehensive analysis. A PESTLE is usually used in mercantile organisations as a part of the strategic development of a calling and marketing plan, however a PESTLE analysis can be used as part of give awaying the opportunities and threats (swOT) for operational planning within educational and school environments. The PESTLE provides a simple framework within which to cast external factors. PESTLE is used as part of a SWOT for identifying the external factors (OT)PoliticalSchools existence privatised (like the NHS)A government initiative creates the lay on the line that the school may fail 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 short lead times extremity 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. world power of parents to adjure funds for optional activitiesThe need to run breakfast/ after schools clubsAbility to invest savings/ surplusesCost of providing resourcesStaff teaching & support bedrock books/ musical themeTechnology solutions laptops etcInterest ratesShortages of materials on national/ international marketsOver provision of school places in the area resulting in rivalry from neighbouring schools The risk of highly valued, key lag moving on to moreup and coming schools/ academies SocialDecline in birth rate, reflecting national trendsLocal population changes (increase/ 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 employmentunfitness to attract staffSocial networking blogs, facebook, twitterChanges to qualifications expectIntegration 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 over enough training or access to effectively change their habits and how they expected information to be made available TechnologicalChanges to standards/ equipment required put on the line of selecting the wrong technology at times of change (i.e. windows -v- open source) New computer viruses may affect school/ college operations,Disturbing/ illegal images on the internet may affect ICT security measures etc. Move from paper based books to e-book readers calculator 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 divergence ageRaise/ lower the age of starting school. Nursery/ kindergarten Change to school opening hoursChanges to funding of charity based organisationsHealth & preventive legislationEnvironmentalA new highway layout near the school may create new dangers for pupils etc Waste disposalReduction of commonality space available for activitiesChanges to local bus routesUsing a momentous amounts of paper and pho tocopier toner to produce printed information. For a more comprehensive PESTLE determine see our pain page.A PESTLE TemplateArea being reviewedFactorIs 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) cogitate PESTLIED analysis- Political, Economic, Social, Technological, Legal, International, Environmental, Demographic STEEPLE analysis Social/Demographic, Technological, Economic, Environmental, Political, Legal, Ethical SLEPT analysis Social, Legal, Econ omic, Political, Technological STEPE analysis Social, Technical, Economic, Political, and Ecological ETPS analysis Economic, Technical, Political 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 causes of SWOTsStrengths and weaknesses Resources financial, intellectual, location Cost advantages from patented know-how and/or location Creativity (ability to develop new products) Valuable intangible asset assets intellectual capital agonistical 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 cond ition Global Influences NothingPESTEL Analysis for Macro-Environmenthttp//accalecturenotes.blogspot.com/2011/01/pestel-analysis-for-macro-environment.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 gathered sufficient information necessary to give way 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. handiness of government grants or assistance in the form of cash or other asset perhaps upon fulfillment of some conditions. 2. Award schemes to go for qua lity standards.3. Stable or dynamic political environment i.e. is the government changes frequently resulting in changing policies being implemented by either new government or the country are under martial 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. stinting1. Business cycle, identify the stage 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 soft and equipment with maintenance and spare parts. 4. Customers & providers, their availability and bargain power should be assessed. 5. tax policies i.e. direct or indirect taxation 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 aim that employer has dominant position and can negotiate low wage rate with workers 9. Stock market condition procession stock market index means rising demand of shares in the stock market may suggest 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 jr. the great unwashed products e.g. toys turn decreasing population suggests opposite. 3. Attitude to work. Are people committed to their work or they just comp ly with standards. Healthy workers are more productive than overstressed workers. 4. Income distribution, how wealth for the country is scattered among individuals, even distribution may suggest that majority of the people can buy our product while uneven distribution may suggest that majority is low-down 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 gild 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-thr ough in economy and it may affect society as well. Example facebook, youtube are the products which affecting youths behavior.5. ENVIRONMENTAL1. Green family unit effect has affected the way business trades. There are increasing demands of environment friendly products. Example using hybrid cars and paper bags preferably of plastic 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. efficacious1. Competition law imposes restriction of mergers and acquisitions to promote efficiency gained through competition. 2. Employment legislation protects rights of workers by setting minimum wage requirements, anti-discrimination and anti-harassment legislation. 3. Health and guard legislation to protect workers.4. Imposition of high import duties to protect home i ndustries. 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 scenario. 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.