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How to Conduct a Pestle Analysis Effectively?

07 Oct, 2020 172 views

Are you an aspiring entrepreneur? Do you want to start your own business? Is making your business one of the top companies in the world your dream? If YES, then remember, success is never achieved overnight.

Out of various factors that affect your business' success, critically analyzing your company, its working, and competitors stand at the top. And, for this, Pestle is the apt situational analysis model. Can't believe yet? Have a look at some top pestle analysis examples in this blog to know more about this.

But before that, you need to know more about Pestle. So, let's get started.

Introduction to Pestle: An Insight into the Strategic Model

Pestle stands for Political, Economic, Social, Technology, Legal and Environmental. These are the factors that are considered when this model is used to analyze any company's working. You might have come across Pestle, Pestel, and Pest at various sites, blogs, or write-ups, but do not get confused; they all use the same reference except for the factors considered and the order in which they are confused.

There are numerous other models as well that are used for this purpose, but Pestle is most popular and commonly used because:

  • It is detailed and provides a clear idea.
  • It emphasizes only on the external factors.
  • It covers a wide range of factors than other models.

Now that you know the importance of pestle analysis, let's consider how to perform pestle analysis.

How Do You Conduct Pestle Analysis? | Experts’ Approach to It

Are you planning to do a pestle analysis of any company and include it in your assignment? This is a very common approach that students use to draft an interesting assignment to impress their professors. So, if you are choosing this too, then here's how do you conduct a pestle analysis?

Here are a few simple steps which can help one conduct a picture-perfect pestle analysis that can get them their dream grades. So, without wasting more time, let's get into it:

List out the factors

The first step is to list out the different factors of this analysis. They are- political, economic, social, technology, legal, and environmental. Make a separate section for each of these and understand what they stand for.

Conduct research

Now, conduct in-depth research about the company, its working, competition, and other factors that are related to it. While researching, remember, the more time you invest here, the better grades you can score in the assignment.

Fill in the sections

Based on the data you have collected during the research process, fill in the different sections of the pestle analysis model. Make sure to put in only the right information in those sections, nothing vague or uninformative.

Analyze the data

Once you are done with the writing part, it’s time to analyze the collected data. Since you have already segregated the sections, it won't be tough to go through the content. Just make sure that you've used the right data, and everything is in the appropriate section.

Prepare a report

The final step of this process is to prepare a report of the analysis. Once you have all the data and are done analyzing it, prepare a clear report based on your analysis. This will help you summarize the study and derive results for your analysis.

These are the 5 simple steps following which you can easily conduct a pestle analysis. And, in case you face any trouble doing so, you can always reach out to us.

Top 6 Pestle Analysis Examples to Inspire You

Wondering if we can be your best choice? Here are a few pestle analysis examples that we have previously worked on. You can go through them and ensure why we are the best choice to help you score top grades in your assignment.

1) Zara case study

Zara, the leading fashion retailer everyone loves, has experienced a bit rough start in the early 6 months of 2020. The sudden pandemic led to a fall in the sales, causing a loss to the company, but gradually, they shifted more attention to online sales, which helped it recover from the loss. If you want a detailed pestle study on this, you can seek Zara case study help. Our writers will make sure you get a detailed document on this topic.

Pestle Analysis-Zara

2) Nike case study

Nike has always been known for its fashion, style, and comfort. Even in the pandemic situation of 2020, Nike has experienced successful spikes in its sales. The increase in the awareness created among people for workouts and healthy living in the lockdown can be a great reason behind this. If you seek Nike case study help from our experts, they will provide you with a well-drafted analysis on this.

Pestle Analysis-Nike

3) Tesla case study

In 2020, Tesla, the famous electric car manufacturer that has won the hearts of millions, kept increasing its sales. With the global demand, the company managed to keep up its sales, but still, there is a long way to go for the lagging expectations to be met. Want to know more about this? Avail Tesla case study help from Global Assignment Help experts right away.

Pestle Analysis-Tesla

4)Tesco case study

Tesco is one of the largest grocery stores across the globe. During the pandemic times of 2020, Tesco experienced panic buying among its customer, and to control which, it limited the sales of key items. Sounds interesting? Know more from the Tesco case study help by our experts.

Pestle Analysis-Tesco

5)Ikea case study

Ikea is a famous furniture retailer that produces compact, efficient, and innovative products. This store believes in the ‘build-it-by-yourself’ concept. Yes, you can purchase the furniture and assemble it at home by yourself- an interesting approach, right? During the early months of 2020, the path was a bit rough, but, through digital training, in no time, the company started ruling again but, this time through online platforms too. Need Ikea case study help? Our experts can assist you with it.

Pestle Analysis-Ikea

6) McDonald’s case study

Everyone knows that McDonald's is a leading fast-food chain across the globe. Like most of the branded companies, this company's sales, too, got low in the earlier days of 2020. But, with the global economy recovering, the sales are rising too. If you are keen on preparing an assignment on this, McDonald's case study help by our experts can get it done for you.

Pestle Analysis-MCDONALD'S

These are a few pestle analysis examples of top brands from different sectors that can help you. If you need more help on them, you can contact our experts at any hour of the day.

Few Points to Note While Conducting Pestle Analysis

Here is the list of a few points that one should consider while conducting a Pestle analysis for an assignment:

  • Pestle covers only the external factors that impact a company. It doesn’t look into the internal factors with detail.
  • Pestle looks into 6 sections that are most likely to cause a major impact on the company or organization.
  • Pestle analysis varies from company to company, and sometimes, also from one branch to another of the same company.
  • The 2020 pandemic has impacted the companies from different sectors adversely, so, while conducting pestle analysis, keep a special focus on this point.
  • Pestle analysis can help one analyze the position a company is standing at right now and work accordingly to improve its performance.

These are a few helpful points that every student should note while conducting pestle analysis so that he can bring out his best in it. However, if you want to know how to write a case study assignment, then feel free to reach out to us.

“How Can Global Assignment Help Assist in My Pestle Analysis?” | Know How!

Nowadays, professors prefer assigning students with assignments to conduct pestle analysis on various or anyone branded company. At such times, some students manage to draft excellent pieces of work and score high grades. But, a major number of them get stuck and look for pestle analysis examples due to various reasons. If you are also one of them, then this blog can help you.

But, if you need more detailed assistance, reach out to us; our team will ensure that you get the best grades. Here’s how we do it:

  • We have a professional team of experts from various subject fields, working for years on different tasks, such as researching, writing, editing, and proofreading. So, only professionals will be working on your document; this justifies that you get only top-notch quality work.
  • We understand how important it is for students to submit their work on time; so, we never miss any deadlines, no matter how stringent they are. Also, we keep you updated with your work’s status on your dashboard so you can be assured that your work is progressing well.
  • We respect your identity, and thus, make sure to keep every little detail related to you very confidential. Right from your identity to the details you provide to us are never shared with any third party.

These are the 3 major points, the reasons why you should choose us. There are more to them, such as pocket-friendly prices, amazing discounts, 24*7 customer assistance, and so on. To avail all of these, you just need to seek help from us. Reach us right away!

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