Porter’s Five Forces Vs. Pestel Analysis

The PESTEL Analysis can be used as an extension of the SWOT Analysis to understand macro-trends shaping an industry based on several macro areas. It can be integrated with Porter’s Five Forces model for a wider assessment of competition within an industry and take the strategic positioning, planning, and execution.

porter-five-forces
Porter’s Five Forces is a model that helps organizations to gain a better understanding of their industries and competition. Published for the first time by Professor Michael Porter in his book “Competitive Strategy” in the 1980s. The model breaks down industries and markets by analyzing them through five forces
pestel-analysis
The PESTEL analysis is a framework that can help marketers assess whether macro-economic factors are affecting an organization. This is a critical step that helps organizations identify potential threats and weaknesses that can be used in other frameworks such as SWOT or to gain a broader and better understanding of the overall marketing environment.

Read Next: Porter’s Five ForcesPESTEL Analysis, SWOT, Porter’s Diamond ModelAnsoffTechnology Adoption CurveTOWSSOARBalanced ScorecardOKRAgile MethodologyValue PropositionVTDF Framework.

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