pestle analysis

Introduction

PESTLE analysis is a strategic tool used to evaluate the macro-environmental factors that can impact an organization or project. It stands for Political, Economic, Social, Technological, Legal, and Environmental factors. This method is widely used across various fields to understand the external environment and to inform decision-making processes.

Key Insights from Research Papers

Educational Applications:
- PESTLE analysis is effectively used in educational settings to teach sustainability, social compromise, and ethics in engineering courses. It helps students perform multidisciplinary analyses of technologies or innovations to detect and debate possible issues and solutions.
Decision-Making in Water Management:
- PESTLE analysis, combined with SWOT analysis, is used to identify internal and external factors influencing water systems. This approach helps in defining criteria for multicriteria decision-making, ensuring optimal solutions for water management problems.
Event Detection and Classification:
- Organizations use PESTLE classification to track their operational environment and plan new products or services. It helps in understanding market dynamics and is a pillar of strategic management.
Defense Management:
- PESTLE analysis aids defense managers in understanding the socio-political, economic, environmental, scientific, and legal situations surrounding military operations. It helps in adapting to dynamic environments and contexts.
Tourism Management:
- PESTLE analysis is used to evaluate the external environment affecting the tourism industry. It helps in strategic planning by predicting changes in macroeconomic factors and identifying those that influence the development of territorial communities.
ICT Strategic Planning:
- PESTLE analysis is applied in risk management for ICT strategic plans. It helps organizations prepare for future scenarios and take necessary precautions by centralizing findings related to risks and challenges.
Banking Industry:
- PESTLE analysis provides insights into the financial and environmental strategies of online banking. It helps in understanding the market and adopting targeted strategies for success in the digitized world.
Pandemic Preparedness:
- The PESTLE model has been extended to include a health factor, creating the PESTLE+ model. This helps organizations assess pandemic preparedness and understand the interdependence between various PESTLE factors.

Conclusion

PESTLE analysis is a versatile tool used across various fields to understand and navigate the external environment. It aids in educational settings, decision-making in water management, event detection, defense management, tourism, ICT strategic planning, banking, and pandemic preparedness. By evaluating political, economic, social, technological, legal, and environmental factors, organizations can make informed decisions and develop strategic plans to address potential challenges and opportunities.

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Summary

Introduction

Key Insights from Research Papers

Conclusion

Sources and full results

A Collaborative Learning Activity to Analyze the Sustainability of an Innovation Using PESTLE

This collaborative learning activity using PESTLE and jigsaw collaborative learning technique effectively analyzes sustainability in engineering courses, providing valuable insights and skills for students.

Identifying the Criteria Set for Multicriteria Decision Making Based on SWOT/PESTLE Analysis: A Case Study of Reconstructing A Water Intake Structure

SWOT/PESTLE analysis effectively identifies non-inferior factors for multicriteria decision making, aiding in optimal reconstruction of water intake structures.

PESTLE BASED EVENT DETECTION AND CLASSIFICATION

The PESTLE based event detection approach, using clustering technique and training the classifier, effectively classifies events in an organization's environment, aiding in strategic management and market analysis.

Defense Management and PESTLE Analysis

PESTLE analysis helps defense managers understand and adapt to dynamic environments, providing valuable insights for managing, commanding, and leading in the military.

Features of tourism management based on PESTLE analysis

PESTLE analysis is a strategic management tool that helps analyze external factors influencing tourism development and function in communities, identifying key factors and predicting their changes for 3-5 years.

Risk Management Analysis for ICT Strategic Plan by Using PESTLE: A Case Study

The PESTLE model effectively analyzes ICT Strategic Plans, providing a dashboard for centralized reporting and risk measurement.

Online Banking in Italy. “Widiba Bank” Case Study, PESTLE and DEA Analysis

This study identifies key financial and environmental strategies for online banking in Italy, using PESTLE and DEA analysis, to enhance the success of "Widiba Bank" and the Italian online banking industry.

Determination of critical parameters of pestle mills

This study developed a procedure to determine the height of ascent of material and grinding bodies in pestle mills as a function of angular velocity and structural parameters, improving mill performance.

PESTLE+ risk analysis model to assess pandemic preparedness of digital ecosystems

The PESTLE+ risk analysis model, which extends the traditional PESTLE model with a health factor, helps individuals and businesses better understand and adapt to health crises like COVID-19, enabling them to survive and thrive.

Tools for Negotiations

PESTEL analysis is a strategic tool for analyzing and monitoring macro-environmental factors that impact an organization's performance and can be used in negotiations.

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