In relation to the PESTEL framework, which of the following statements is correct?
A)It assists in the assessment of organisational strengths and weaknesses.
B)It allows a detailed analysis of the structure of an industry.
C)It can be used as a checklist to understand the different environmental influences in the macro environment.
D)Takes an historical perspective on the main political, economic, sociocultural,

Question

Quizplus · Accepted Answer

The PESTEL framework is designed to help organizations scan the external macro-environment in which they operate. This tool is used to identify the Political, Economic, Social, Technological, Environmental, and Legal factors that may affect the organization. It does not directly assess an organization's strengths and weaknesses (that's more aligned with a SWOT analysis), nor does it focus on the structure of an industry (which might be more the domain of Porter's Five Forces). It also does not inherently take a historical perspective but is used to understand current and future trends in the external environment.

In Relation to the PESTEL Framework, Which of the Following