Social Cultural Factors and Their Implications on External Environment of Strategic Management (Pestel)
PESTEL is among the primary tools for evaluating the sociocultural factors affecting business environments. In the traditional sense, it was referred to as PEST (Political, Economic, Social, and Technological; however, recently, it was expanded to incorporate the Environmental and Legal aspects, hence the acronym PESTEL. Managers and board members use the PESTEL framework for strategic ... Read More
Pages: 6 Words: 1577