DESTEP analysis

DESTEP analysis is a strategic planning tool used to assess the external factors that can impact an organization or industry. It stands for Demographic, Economic, Socio-cultural, Technological, Environmental, and Political factors. By analyzing these factors, organizations can gain valuable insights into the external environment and make informed decisions to adapt and thrive. By conducting a DESTEP analysis, organizations can gain a comprehensive understanding of the external factors that can influence their business environment. This analysis enables them to make informed decisions, identify opportunities, mitigate risks, and develop strategies that align with the prevailing external conditions.

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• DESTEP analysis

  DESTEP analysis is a strategic planning tool used to assess the external factors that can impact an organization or industry. It stands for Demographic, Economic, Socio-cultural, Technological, Environmental, and Political factors. By analyzing these factors, organizations can gain valuable insights into the external environment and make informed decisions to adapt and thrive. By conducting a DESTEP analysis, organizations can gain a comprehensive understanding of the external factors that can influence their business environment. This analysis enables them to make informed decisions, identify opportunities, mitigate risks, and develop strategies that align with the prevailing external conditions.