Laura is doing a strategic planning process for her company and is wanting to do a PESTLE analysis. What is PESTLE an acronym for?
A. Political, economic, social, technology, legal, environmental
B. Personal, environmental, strategic, technology, legislative, environmental
C. Private, efficiency, strategic, turnover rate, local, economic
D. Productivity, efficiency, strategy, task, legal, economic
Answer: A – During the strategic planning process, it is often necessary to use a PESTLE analysis. PESTLE is an acronym for political, economic, social, technology, legal, and environmental.
Explanation: A PESTLE analysis, used during the strategic planning process, refers to the “Political, Economic, Social, and Technological, Legal, and Environmental” factors that may affect the overall strategy of an organization. A PESTLE analysis can be very useful to understand the potential direction of the business and any ramifications-good or bad impending business decisions.
