How STEEPLE Analysis Helps Businesses
The STEEPLE analysis framework helps businesses scan the environment and shape their long-term strategies. STEEPLE stands for Social, Technological, Economical, Environmental, Political, Legal, and Ethical threats. Although time-consuming and resource-intensive, this analysis enables businesses to understand external factors impacting their objectives. It aids in strategic planning, problem-solving, and improving products/services. Business analysts employ STEEPLE analysis …