Best way to learn Pestle Analysis Example
What do you mean by Pestle analysis?
If you've enrolled in a management course, you might be curious to learn what pestle analysis is. Meanwhile, the best way to grasp it is to investigate a few pestle analysis examples and hone your skills. However, before we get into any examples, let's first get a grasp on the pestle analysis concept.
Pestle analysis, in particular, is an important part of marketing research principles that can be used by any organization. Furthermore, it investigates the environment in which companies operate and determines the market's suitability for the introduction of new products. Let's look at Pestle analysis in more detail below:
The Pestle can stands for Political Economical Social Technological Legal Environmental.
Now that you've learned the concept, let's look at some pestle analysis examples to see if they can help you understand it better.
What exactly is Pestle Analysis Examples?
Thus, we have chosen a few companies on which to conduct pestle analysis and thus explain the entire process to you.
Nike Pestle Analysis Example:
Before we look at the pestle analysis example, let's first look at the company's history. Nike Corporation is a multinational corporation headquartered in the United States. For example, it designs, develops, and sells footwear, clothing, and other services. Indeed, Nike is the industry leader in sports shoe and apparel manufacturing. Let us now look at a Nike Pestle analysis example:
Political- They must adhere to the import and export laws of the country in which they intend to launch their products.
Economic- As a result, the Nike Corporation should target customers who have a lot of money.
Social- First and foremost, the company should target people who are concerned about their health.
Technological- Most importantly, the Nike Corporation makes use of cutting-edge technology.
Legal- The Nike Corporation must follow health and safety protocols.
Environmental- Most importantly, the Nike Corporation should produce environmentally friendly products to demonstrate its love and concern for the environment. Adidas Pestle Analysis Example:
Adidas is a German company that manufactures sportswear and shoes. Furthermore, the name of the company was inspired by its founder, Adolf Hassler. Certainly, the company is doing well right now, despite various economic issues in various economies. Consider the following pestle analysis example:
Political: To begin, Adidas focuses on various political conditions such as wars, terrorism, and nationalism.
Economic: As a result, people's purchasing power must be considered.
Social: Adidas should promote its products and services in Islamic countries.
Technological: Adidas makes use of technology in the production of its products.
Legal: Most importantly, Adidas should avoid getting into any legal problems as a result of their business.
Environmental: Eco-Friendly products are manufactured by the Adidas Company.
Example of Coca-Cola Pestle Analysis:
However, take a look at The Coca-Cola Company's pestle analysis example to see how it's done. But, before we get started, let's learn a little bit about the company's history.
To be clear, Coca-Cola is a well-known soft drink company that offers a diverse range of products to its customers around the world. Furthermore, the company's product is well-known for meeting its customers' needs and requirements. And here's a Coca-Cola pestle analysis example:
Political: Accounting, labor and internal marketing laws must be strictly followed.
Economical: The Company is well-known for understanding its customers' tastes and preferences.
Social: The Company has launched healthy beverages in the United States.
Technological: Most importantly, the company has used cutting-edge technology to produce high-quality products in a short period.
Legal: It demonstrates excellent performance and abides by all of the company's rights.
Environmental: Perhaps the Coca-Cola Company should operate in areas that do not have a shortage of water.
Conclusion:
However, the pestle analysis examples piqued your interest. Furthermore, don't just conduct a random analysis; instead, follow the proper procedure if you want to score well. However, if you continue to have problems, consider speaking with our assignment help experts, who may be able to provide the best advice. Also, don't forget to consult with your professor, as he may be able to help you better understand these pestle analysis examples.
