Which of the following is not one of the steps involved in the PESTEL analysis?
A) Managers should think through the relevance of each of the factors in their particular context.
B) Managers should identify and categorize the information that applies to these factors.
C) Managers should conduct a thorough stakeholder analysis.
D) Managers should analyze the data collected on the factors and draw conclusions.

Question

Quizplus · Accepted Answer

The PESTEL analysis involves the following steps: 1) identifying the relevant factors in the external environment (political, economic, sociocultural, technological, environmental, and legal); 2) categorizing the information that applies to each of these factors; 3) analyzing the data collected and drawing conclusions; and 4) thinking through the relevance of each of the factors in the particular context. Stakeholder analysis is a separate analytical tool that may be used in conjunction with the PESTEL analysis, but it is not one of the steps involved in the PESTEL analysis itself.

Which of the Following Is Not One of the Steps