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Showing posts with the label Business Strategy Sample

Discuss how PESTEL System can be Applied in an Organization

THE PESTEL SYSTEM AND ITS RELEVANCE TO ORGANIZATION The PESTEL or PESTLE Analysis is an important model theory in United Kingdom, it stand for Political, Economic, Social, Technological, Legal and Environmental component that is use to develop a strategic management system in an organization. It is highly recommended as important factors in an organization to consider the following external component to serve as a determinant in their position they can give a highlighted overview in understanding the growth or decline of business industry in present past and future operation. All organization can simply use the system. The Macro and Micro analysis pertaining to business may show the strength and weaknesses through simple and complex analysis using all or any other parts of the system for these is highly influential and highly identified components of the industry and of society. Technically the organization can adjust to advance, resume or def...