PESTLE Analysis Template: Want More Tools and Templates? Visit
PESTLE Analysis Template: Want More Tools and Templates? Visit
A PESTLE Analysis is a Marketing Tool used to analyze the outside influences on a potential product, project or service prior to launching it.
PESTLE is an acronym, an extension of a PEST Analysis, which stands for Political, Economic, Social, Technological, Legal and Environmental
factors. When completed, it gives an overall picture of the environment in which a new product or service will be introduced in order to
help with planning and decision-making.
• Political - List issues related to tax, trade, and employment law, regulations and overall stability, all of which are likely to impact
your business’ activities.
• Economic - List factors such as inflation, growth, interest rates, and the unemployment rate.
• Social - List issues such as culture, education, and demographics can influence the viability and development of your products and
services.
• Technological - Technological development, internet use and government-sponsored research and development must also be
examined in terms of any potential barriers or advantages for the business.
• Legal- List factors that impact current and future legal regulatory requirements of a product, these factors can include laws around
consumer protection, labor, health, safety, taxes and trade regulation in the individual countries where the product will be sold.
• Environmental- Include all those that influence or are determined by the surrounding environment. This aspect is most important
for industries such as tourism, farming and agriculture.
S Social
List issues such as culture, education, and
demographics can influence the viability and
development of your products and services.
T Technological
use and government-sponsored research and
development that should be examined in
terms of any potential barriers or advantages
for the business.