A PESTLE analysis is the most common way of undertaking such a review; PESTLE stands for the Political, Economic, Social, Technological, Legal and Environmental factors you need to consider.

SpendEdge’s PESTLE analysis engagement also offered predictive insights on: Analyzing data on future opportunities and threats. Predicting major shifts in the economy.

Porter's 5 Forces and PESTLE are tools companies use to improve their competitive positions in the market. Learn how these tools are used in corporate strategy.