Using PESTLE framework, analyse the impact of external business and Essay

Using PESTLE framework, analyse the impact of external business and economic environment of your focal organisation that alter its strategic decisions and performance - Essay ExampleThe factors analyzed using PESTLE model includes governmental, economic, social, technological, and legal and environment (Henry 2008, P.51).Political factors in this case include establishment policies, conflicts, and wars, pressure groups, trading policies, grand, findings and initiatives and government term and change. Economic factors include general taxation, situation of home economy and trends, market and trade cycles, international economies and trends, factors affecting industries, monetary issues, exchange, and interest rates among others. Social factors analyzed include demographics, lifestyle trends, media views, consumer patterns of buying, Company, brand and technology image, lifestyle trends, consumer attitudes and preferences, and religious/ethnic factors. Others include major events a nd influences, publicity and advert and changes in laws that impact on social factors. Technological factors include technological advancement, maturity of technology, laws governing technology, and consumer purchasing mechanism among others. Legal factors on the other raft include current and future legislations, European/foreign legislations and regulatory processes and bodies. Finally, environmental factors include corporate social responsibility expectations and ken, environmental legislations, consumer buying patterns, public awareness on issues affecting the environment and political issues pertaining to the environment (Allen 2010, P.54).Wars and conflicts are some of the elements of the political factors that affect an organizations strategic decisions and performance. Wars and conflicts usually come because of political instability and lack of democracy in a country. The UK is one of the most stable countries politically, which has witnessed minimal incidences of wars an d political unrest for more than 3 decades. This trend is evaluate remain constant in the future following the measures