What aspects does PESTLE stand for?

The correct choice stands for Political, Environmental, Economic, Sociological, Legal, and Technological factors. PESTLE analysis is a strategic tool used to understand the external environment and its impact on organizations. Each component identifies specific influences that can affect business decisions and strategic planning.

Political factors consider how government actions and policies might impact an organization. Environmental factors focus on ecological aspects and sustainability concerns. Economic factors examine monetary influences such as inflation rates and economic growth. Sociological factors address cultural trends, demographics, and social behavior. Legal factors refer to regulations and laws that organizations must abide by, and Technological factors look at how technological changes can affect operations and services.

Understanding these dimensions helps organizations anticipate challenges and opportunities in their environment, supporting better decision-making and strategic alignment.