Question
PESTLE framework
Answer :
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The PESTLE framework is a strategic management tool used to analyze the external macro-environmental factors that can impact an organization. It helps managers identify potential opportunities and threats in the broader business environment, aiding in strategic decision-making. The acronym PESTLE stands for Political, Economic, Social, Technological, Legal, and Environmental factors. Political factors include government policies, political stability, tax regulations, trade restrictions, and fiscal policies. These elements influence how companies operate domestically and internationally. For example, changes in trade tariffs can significantly affect supply chain decisions and cost structures. Economic factors involve aspects such as
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