How do I do a STEEPLE analysis?

How to do a STEEPLE analysis

A STEEPLE Analysis can be useful for product planning, strategy and marketing. Create your STEEPLE so that you avoid threats, and make the most of opportunities.

STEEPLE has overlaps with other analysis frameworks like PESTLE, PEST and STEEP. STEEPLE has become more popular of late due to the emphasis on “Ethical” which other frameworks do not cover explicitly.

What does STEEPLE stand for?

S: Social
T: Technological
E: Economic
E: Environmental
P: Political
L: Legal
E: Ethical

How do I do a STEEPLE analysis?

The standard approach is to run through each area of STEEPLE, and examine external factors that are relevant to your product or service. Each factor can be an opportunity or a threat. Prioritise these factors, and work out an action plan to address each opportunity or threat.

What is STEEPLE analysis used for?

STEEPLE analysis is used to discover and act on the external factors that might effect the success of your business. It is a list of areas to work through so and identify opportunities and threats, so that you can make plans accordingly.

How do I do a STEEPLE analysis workshop?

1. Get your team together: Assemble your team, and if you can, include some impartial, trusted colleagues from other businesses.
2. Explain the purpose: To brainstorm and then prioritise actions relating to external factors, in order to maximise product success.
3. Brainstorm STEEPLE: Use a STEEPLE cheat sheet to prompt the team. Run through each area – S, T, E, E, P, L, E – recording threats and opportunities.
4. Prioritise: Arrange the factors from the brainstorm into the ones that the team feel are a) most impactful, and b) are most likely to materialise.
5. Take action: Plan and delegate actions to mitigate the threats and to exploit the opportunities for each prioritised item.

When should I use a STEEPLE analysis?

A STEEPLE analysis is most useful to generate a thorough view of external factors when you are planning to take a new product to market. It can also be used at any time to refresh your plans relating to external factors, as the world is constantly changing around us.

Is STEEPLE analysis better than PESTLE?

STEEPLE follows the same principles as PESTLE (also called “PESTEL”), with the addition of “Ethical” factors. So while STEEPLE is not “better”, it has become more appealing in the 2020s.

Are you short on time?

Use these templates to help with this Best Practice:

STEEPLE Cheat Sheet (2022)

Use this STEEPLE Cheat Sheet PowerPoint so that you can create your analysis rapidly. Ideal for virtual workshops too. Includes updated factors relevant to 2021.

See: STEEPLE Cheat Sheet (2022)

STEEPLED Analysis Template with Cheat Sheet and Workshop PPT

STEEPLED Analysis Template with Cheat Sheet and Workshop is the perfect PPT for professionals who want to explore the latest trends in market research. The cheat sheet provides an overview of the STEEPLED framework, and the workshop template helps you to apply it in a team setting.

See: STEEPLED Analysis Template with Cheat Sheet and Workshop PPT

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Strategic Analysis

STEEPLED Analysis Template with Cheat Sheet and Workshop PPT

STEEPLED Analysis Template with Cheat Sheet and Workshop is the perfect PPT for professionals who want to explore the latest trends in market research. The cheat sheet provides an overview of the STEEPLED framework, and the workshop template helps you to apply it in a team setting.

See: STEEPLED Analysis Template with Cheat Sheet and Workshop PPT

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.

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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
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PESTLE / STEEPLE / PESTELE / STEEPLED Template Formats

STEEPLED Analysis Template with Cheat Sheet and Workshop PPT

STEEPLED Analysis Template with Cheat Sheet and Workshop is the perfect PPT for professionals who want to explore the latest trends in market research. The cheat sheet provides an overview of the STEEPLED framework, and the workshop template helps you to apply it in a team setting.

See: STEEPLED Analysis Template with Cheat Sheet and Workshop PPT

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 (2022)

Use this STEEPLE Cheat Sheet PowerPoint so that you can create your analysis rapidly. Ideal for virtual workshops too. Includes updated factors relevant to 2021.

See: STEEPLE Cheat Sheet (2022)

PESTLE Cheat Sheet 2023

Our PESTLE Cheat Sheet 2023 has been used by 1000s of consultants to support PESTLE workshops and market planning. It includes updated from 2019 through 2023.

See: PESTLE Cheat Sheet 2023
See all PESTLE / STEEPLE / PESTELE / STEEPLED Template Formats

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Created : 2021-03-07 08:27:14
Modified : 2021-11-13 12:37:12