How do I do a PESTEL Analysis?

The PESTEL model is an analysis process to help Marketers, Strategists and Product Managers manage threats and discover opportunities.

The PESTEL Model stands for Political, Economic, Social, Technological, Environmental, and Legal.

How do I do a PESTEL Analysis?

1. For each of the PESTEL areas, brainstorm a list of FACTORS – i.e. things that affect your project.
2. Organise each area into a prioritized list; a list for Political, a list for Economic, etc.
3. Take the top e.g. 6 items in each of the 6 lists, and score the impact.
4. Arrange the findings in a 1-side document format, so that your teams can hold these factors in mind.
 

What is the PESTEL model?

PESTEL is a model used to analyze external factors for a product or service. It stands for the six categories: Political, Economic, Social, Technological, Environmental, and Legal.

What can I use to help me with a PESTEL analysis?

You can use a PESTEL Cheat Sheet, or a PESTEL workshop template to help you with the process, so that you don’t waste time, and can learn from other peoples’ expertise.

PESTEL Analysis – Look at your macro-environmental factors!

PESTEL Analysis is an examination of the macro environment and external factors to help us understand the context and pressures for a Product, Project, Business Area, or Organisation – e.g. including unemployment factors.
It helps us understand the situation our Product operates in, by describing “Factors”.
It involves investigating 6 areas – Political, Economic, Social, Technological, Environmental, and Legal – that make the acronym PESTEL.

Take PESTEL further – don’t just make lists!!

Don’t just explore the PESTEL headings to create your analysis – that is what everyone does, and leads to suboptimal analyses! We would advise taking it one step further, by prioritizing and then scoring the impact of each of your factors, in order to best inform your plans and keep your team aware of its operating environment.

See how the scoring works in this example:


Scoring the impact of your PESTEL factors informs your PESTEL product strategy

  1. Brainstorm the FACTORS:
    1. Political
    2. Economic
    3. Social,
    4. Technological
    5. Environmental
    6. Legal
  2. Prioritise:
    1. Organize the list of items you have made for each area with the most important at the top.
    2. Don’t spend too long at this stage.
    3. Just make rapid lists.
  3. Focus on the most important:
    1. Take the top 6 items in each of the 6 lists.
    2. Score the impact: Low, Medium, or High.
  4. Present it:
    1. Arrange the findings in a 1-side document format.
    2. Use a pestle analysis template
    3. Promote it, so that your team bears these factors in mind.

Other areas to check when you are brainstorming: Unemployment rates, social factors, interest rates, trade restrictions, carbon footprint, and disposable income.

Are you short on time?

Use these templates to help with this Best Practice:

PESTLE Cheat Sheet 2024

Our PESTLE Cheat Sheet 2024 has been used by 1000s of consultants to support PESTLE workshops and product planning. Newly updated for 2024.

See: PESTLE Cheat Sheet 2024

STEEPLE Cheat Sheet 2024

Use this STEEPLE Cheat Sheet 2024 PowerPoint so that you can create your analysis rapidly. Ideal for virtual workshops too. Includes updated factors relevant to 2024.

See: STEEPLE Cheat Sheet 2024

PESTLE Product Strategy Template (PowerPoint)

This PESTLE Product Strategy template helps inform your product roadmap with PESTLE analysis. Includes a selection of professional PESTLE Powerpoint Slides.

See: PESTLE Product Strategy Template (PowerPoint)

Product Plan Template: Roadmaps, SWOT & PESTLE (Powerpoint)

This Powerpoint Product Plan template includes 5 SWOT analysis, 6 PESTLE analysis, and 5 Product Roadmap formats to show plans with SWOT & PESTLE factors.

See: Product Plan Template: Roadmaps, SWOT & PESTLE (Powerpoint)

Business Topics that support this Best Practice

PESTLE Analysis Templates

PESTELE Analysis PPT Template 2024 – with Ethical Factors

Do you want to conduct a PESTELE analysis for your business or project? Our PESTELE Analysis PPT Template 2024 is an ideal cheat sheet to support PESTELE workshops and product planning, with a special emphasis on Ethical factors.

See: PESTELE Analysis PPT Template 2024 – with Ethical Factors

STEEPLED Analysis PPT – Cheat Sheet Updated for 2024

This STEEPLED Analysis PPT with Cheat Sheet enables you to brainstorm and workshop all aspects of your product or service, in your exact market setting. The cheat sheets enable you to prompt your teams’ thinking in each STEEPLED factor area so that you can maximise your chances of successful market fit.

See: STEEPLED Analysis PPT – Cheat Sheet Updated for 2024

PESTLE Cheat Sheet 2024

Our PESTLE Cheat Sheet 2024 has been used by 1000s of consultants to support PESTLE workshops and product planning. Newly updated for 2024.

See: PESTLE Cheat Sheet 2024

Business Roadmap Template

This Business Roadmap Template includes business planning Workstreams, risk level, SWOT, PESTLE, Timeline, Milestones and two different styles so that you can present your roadmap professionally with Powerpoint.

See: Business Roadmap Template
See all PESTLE Analysis Templates

Strategic Analysis

STEEPLED Analysis PPT – Cheat Sheet Updated for 2024

This STEEPLED Analysis PPT with Cheat Sheet enables you to brainstorm and workshop all aspects of your product or service, in your exact market setting. The cheat sheets enable you to prompt your teams’ thinking in each STEEPLED factor area so that you can maximise your chances of successful market fit.

See: STEEPLED Analysis PPT – Cheat Sheet Updated for 2024

Strategic Planning Tools Discount Bundle

These strategic planning tools formats have been refined by our professionals through years of experience, so that you can save time and make your planning, reporting, and communication as impressive as possible, rapidly.

See: Strategic Planning Tools Discount Bundle

Strategy On One Page – Powerpoint Template

Do you need to present your strategy on one page? Do you need to communicate it 5 minutes? This template includes five one-page strategy formats. It helps you focus the message and deliver your strategy story.

See: Strategy On One Page – Powerpoint Template
See all Strategic Analysis

PESTLE / STEEPLE / PESTELE / STEEPLED Template Formats

PESTELE Analysis PPT Template 2024 – with Ethical Factors

Do you want to conduct a PESTELE analysis for your business or project? Our PESTELE Analysis PPT Template 2024 is an ideal cheat sheet to support PESTELE workshops and product planning, with a special emphasis on Ethical factors.

See: PESTELE Analysis PPT Template 2024 – with Ethical Factors

STEEPLED Analysis PPT – Cheat Sheet Updated for 2024

This STEEPLED Analysis PPT with Cheat Sheet enables you to brainstorm and workshop all aspects of your product or service, in your exact market setting. The cheat sheets enable you to prompt your teams’ thinking in each STEEPLED factor area so that you can maximise your chances of successful market fit.

See: STEEPLED Analysis PPT – Cheat Sheet Updated for 2024

Strategic Planning Tools Discount Bundle

These strategic planning tools formats have been refined by our professionals through years of experience, so that you can save time and make your planning, reporting, and communication as impressive as possible, rapidly.

See: Strategic Planning Tools Discount Bundle

STEEPLE Cheat Sheet 2024

Use this STEEPLE Cheat Sheet 2024 PowerPoint so that you can create your analysis rapidly. Ideal for virtual workshops too. Includes updated factors relevant to 2024.

See: STEEPLE Cheat Sheet 2024
See all PESTLE / STEEPLE / PESTELE / STEEPLED Template Formats

All Business Best Practice

See all Business Best Practice here.

Created : 2020-08-23 16:23:12
Modified : 2023-04-15 14:46:27