PESTEL Scan: Reading the Macro Environment
Scan 6 external factors (political, economic, social, technological, environmental, legal) to spot opportunities and threats.
Goal
Build a panoramic view of macro factors affecting your industry over the next 3-5 years.
Steps
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1
P — Political: government shifts, international relations, stability, industrial policies affecting you.
Expected Outcome
Evidence base
School: Strategic Planning / Environmental Scanning
Founders: Francis Aguilar · Liam Fahey (1967)
Aguilar coined the original ETPS framework in "Scanning the Business Environment" (1967). Expanded to PEST then PESTEL in the 1980s-90s.
Keywords
Frequently asked questions
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