PESTLE Analysis | What is PESTLE analysis?
ฝัง
- เผยแพร่เมื่อ 21 ก.ค. 2024
- PESTLE is and analytical tool used to assess the external environment.
Watch this video if you if you want to understand key concepts of PESTLE analysis. The video explains each PESTLE factor and links it directly to Amazon.
PESTLE is a strategic management tool used to assess the external environment affecting a business. These factors are usually out of the businesses control. A lot of these factors link closely to the opportunities and threats section of a SWOT analysis.
For more on SWOT analysis see out video on SWOT.
We have created a free supporting resource which will allow you to test your knowledge and understanding of PESTLE analysis after watching this video.
DOWNLOAD FOR FREE: www.twoteachers.co.uk/pestle-...
If you are interested in business, then subscribe to our TH-cam Channel for lots more Business Studies content. Videos are uploaded weekly, so why not learn everything there is to know about the world of business: / twoteachers
Follow us on the following socials to see even more Business Studies content:
Instagram: / twoteachers. .
Facebook: / twoteachersb. .
Twitter: / twoteachersbiz
#BusinessStudies #GCSEBusinessStudies #ALevelBusinessStudies
Which PESTLE factor will have the greatest impact on Amazon's future success?
Economic, becuase in the future, unempolyment is going to have a huge impact on Amazon as they plan to use robots and AI for most of their areas of work. However, also links to technological due to the robotics factor.
@@haggostad What a fantastic comment, you have made some excellent points. Really like how you've linked the impact of robots taking jobs to the economic factor. Some very good points made.
@@TwoTeachers Thanks for your reply, also your video was really helpful with my previous business studies lesson.
@@haggostad that's great to hear, glad we could help out 😀
Thank you, Two Teachers, for putting together this educational piece. It's hard work like yours that help us all out. I enjoyed 7:02, "All these laws need to be followed in different countries."
That's great to hear. It would be very interesting if all countries had to follow the same laws Nyan... Wonder what would happen.
@@TwoTeachers, most people, in most countries, think that intellectual-work is a waste of time due to only animal-like work being rewarded. The world will be utopia-like when the rest of us catch up to the US, Canada, and the UK.
Nice one guys. Great to have Amazon as an example to help make sense of the definitions.
Thank you. Really glad that you found the examples useful 😁
Well done Guys! immensely helpful! Keep up the good work! God bless you all
Our pleasure! Thanks for letting us know, it's great to hear.
I like you way more than tutor 2 u, they suck and you’re soo much better. Our economics teacher Tracey says you’re boring but I think you’re far better at explaining stuff than anyone else !!
Thank you for saying that. Really glad you find the way we explain things useful. Good luck with the course and say hi to your teacher Tracey for us…even if she does find us boring 😂
Brilliant!! This helped a lot with my current assignment.
That's great to hear, thanks for the feedback, really appreciate it.
The best video I've watched on PESTLE
Thank you very much. Really appreciate you taking the time to say that! 👍
How would this apply to a charity like the RSPCA? Im really struggling to wrap my head around this because i need to use 4 of the PESTLE chart
Yes it can apply to the RSPCA. For example economic factors such as a recession may mean people don’t have enough disposable income to give to charity therefore donations are down. Social factors may change such as people becoming decreasingly likely to adopt animals as they want expensive pedigree dogs as a status symbol etc. These are just brief examples but hope this clears it up a bit. Thanks for watching 👍
Very useful. Thank you
Thank you for the positive feedback. Glad we could help.
Very handy video, do you know what other external analysis tools that can be used instead of PESTLE?
Porters 5 forces or 5C’s analysis may be useful to look at. Glad our video helped though 👍
You might want to check this out th-cam.com/video/jIsp-XCgd8w/w-d-xo.html
Thanks alot for the video now i know what mistakes i made in my exam :)
Glad it helped! It's also good you know where to improve on your mistakes Fran.
I like this very good made me pass my super hard exam
Glad this helped you pass your super hard exam mate 👍
Can u give references for the above mentioned points
Not quite sure what you mean by this. Can you be a little more specific please.
Awesome
Thankyou, appreciate you saying that.
what's the song in the background?
Not sure to be honest. It’s just a stock track from a website
Could you apply PESTLE to a government department
Yes certainly. Some areas will be harder to apply specifically to a Government Department but yes as it will be impacted by external influences 👍
I ♥️ the duck 🦆
We prefer chickens, but fair enough!
8:01 Ethical sourcing China 😂
Trade WAR!
Very possible 😳😳😳
PESTLE Analysis of Adidas: th-cam.com/video/xH35n3tY_4I/w-d-xo.html
PESTLE Analysis of Apple: th-cam.com/video/3DqpcuWsZc4/w-d-xo.html
PESTLE Analysis of Coca Cola: th-cam.com/video/0Cm-er4BJcY/w-d-xo.html
Very informative videos! Could post them a bit less spammy next time though but keep up the good work 👍
@@TwoTeachers Thanks for the praise.. really appreciate your videos. Keep posting such great videos
Hello 👋
Hi 👋
I really like your accent , it is similar with mine
who else is here from bluecoat y9 business
Up the Bluecoat Y9 Business!!!
First !!!!!!
Correct Lewis, you were the first to comment, a fantastic achievement, congratulations, ha.
bad.
Respect!