external factors

External factors are elements or conditions outside an organization or system that can influence its performance or outcomes. They include market trends, regulations, and environmental conditions.

How do you use PESTEL analysis to evaluate the external factors affecting the IT consulting market?

PESTEL analysis is a strategic tool used to evaluate the external factors affecting the IT consulting market. By examining Political, Economic, Social, Technological, Environmental, and Legal factors, companies can assess the impact these external forces have on their business. This analysis helps organizations make informed decisions and adapt their strategies to changing market conditions.

Read More »