Using PESTLE framework, analyse the impact of external business and Essay

Using PESTLE framework, take the impact of external business and economic environment of your focal organisation that affect its strategic decisions and mental process - Essay ExampleThe factors analyzed using PESTLE model complicates political, economic, social, expert, and legal and environment (Henry 2008, P.51).Political factors in this case include government policies, conflicts, and wars, pressure groups, trading policies, grand, findings and initiatives and government term and change. Economic factors include popular taxation, situation of home economy and trends, market and trade cycles, international economies and trends, factors affecting industries, monetary issues, exchange, and interest grade among others. Social factors analyzed include demographics, lifestyle trends, media views, consumer patterns of buying, Company, brand and technology image, lifestyle trends, consumer attitudes and preferences, and religious/ethnic factors. Others include major events and infl uences, publicity and advertising and changes in laws that impact on social factors. Technological factors include technological advancement, maturity of technology, laws governing technology, and consumer purchasing mechanism among others. Legal factors on the other hand include stream and future legislations, European/foreign legislations and regulatory processes and bodies. Finally, environmental factors include corporate social responsibility expectations and awareness, environmental legislations, consumer buying patterns, public awareness on issues affecting the environment and political issues pertaining to the environment (Allen 2010, P.54).Wars and conflicts are some(a) of the elements of the political factors that affect an organizations strategic decisions and performance. Wars and conflicts usually come because of political instability and wish of democracy in a country. The UK is one of the most stable countries politically, which has witnessed minimal incidences of war s and political unrest for more than than 3 decades. This trend is expected remain constant in the future following the measures