Chapter 6 Flashcards
What does PESTLE stand for?
Political, Economic, Social, Technological, Legal and Environmental
What is Political mean in regards to PESTLE?
Impact of government policies. Tax
What is Economic mean in regards to PESTLE?
Recession, inflation, interest rates, unemployment and cost of living
What is Social mean in regards to PESTLE?
Social factors in environment i.e. fashion trends, culture
What is Technology mean in regards to PESTLE?
Advancements and product developments
What is Legal mean in regards to PESTLE?
Changes in the law
What is Environmental mean in regards to PESTLE?
Business carbon footprint, noise pollution
What is the rule of law and democracy?
political systems and government policy affect the way organisations are run, via sources of legal authority
What is the political system?
Set of formal legal institutions that constitute a government or a ‘state’.
What are the levels of political systems?
Global legislation
National legislation
Local
What are the sources of legal authority?
Supra-national
National
Regional
What is a supra-national legal authority and give an example?
International group, members make decisions together e.g,. European union
What is a national legal authority and give an example?
National government e.g., parliment
What is a regional legal authority and give an example?
Local councils, state governments
What is government policy?
Policy outline what it wants to achieve as a whole e.g., health policy, housing, education