PESTEL analysis - Prepare your Environmental Scan
PESTEL is a common tool to help you assess the world around you, using 6 subjects, or “macro-environmental factors”.
The Environmental Scan feature will use these factors to search the internet and deliver relevant news & information. This will help you spot Opportunities & Threats relating to you, your goals and your Vision
For each Life Area, write in the PESTEL factors that most concern you. You don’t need to write in every factor.
● Political > Election, policy changes, political changes…
● Economic > Personal tax, currency changes, impacts of economic change…
● Social > Welfare, Medical aid, social change, zeitgeist of the day, migration…
● Technological > Fintech, Digital Currencies, AI…
● Environmental > De-forestation, Climate change, sustainability…
● Legal > Change to laws, impacts of laws…
Also know as : PESTLE, PEST and STEEPL
This video is PESTLE related to businesses, but you can use it too:-