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What is Pestel Model? Explain It. - Entrepreneurship

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प्रश्न

What is PESTEL model? Explain it.

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उत्तर १

“PESTEL model involves the collection and portrayal of information about external factors which have, or may have, an impact on business.” It is an analysis of the political, economic, social and technological factors in the external environment of an organization, which can affect its activities and performance.

shaalaa.com

उत्तर २

“PESTEL model involves the collection and portrayal of information about external factors which have, or may have, an impact on business.” It is an analysis of the political, economic, social and technological factors in the external environment of an organization, which can affect its activities and performance.

shaalaa.com
Enlist the Various Factors Affecting Business Environment
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 1: Entrepreneurial Opportunity - Short Answers (exceed 50 words) [पृष्ठ २७]

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सीबीएसई Entrepreneurship Class 12
अध्याय 1 Entrepreneurial Opportunity
Short Answers (exceed 50 words) | Q 4 | पृष्ठ २७

संबंधित प्रश्न

List the environmental factors affecting external environment.


Enlist the various sources which lead to the emergence of basic ideas.


Entrepreneurship does not emerge and grow spontaneously. Rather it is dependent upon several various environmental factors. Explain them.


Aditi started her boutique business near an industrial area and she was not getting clients as she had expected. What are the factors which have been ignored before starting the boutique? Suggest the various factors that she has to look into before venturing into business.


‘Environmental factors exert influence upon each other and do not operate in isolation’. Discuss.


Assertion (A): Customers are part of the Micro environment.

Reason (R): Micro environment does not operate in isolation and is one of the levels of business environment.


Read the following newspaper article and identify and explain the elements in the PESTEL model which is present in this article.

India will ban the use of single use plastics from July 1 in order to prevent its harmful effects on environment and in pursuance of its global climate goals. The production, importation, stocking, distribution, sale, and use of certain single-use plastic items that have a low utility and a high potential for littering will henceforth be banned. The items that face ban are plastic stirrers, plastic plates, plastic cups, plastic glasses, plastic cutlery like forks, spoons, and knives, plastic trays, wrapping or packaging films around candy boxes, balloon sticks made of plastic, flags made of plastic, candy sticks, ice-cream sticks, and polystyrene (Thermocol) for decorations.
The ministry announcement further stated that control rooms at the national and state levels must be established in order to monitor the unauthorized production, importation, stocking, distribution, sale, and use of items made of single-use plastic that are forbidden.
Plastic carry bags with a thickness of less than 75 microns are currently illegal to manufacture, import, stock, distribute, sell, and use, according to the Plastic Waste Management Amendment Rules, 2021. Plastic carry bags with a thickness of less than 120 microns will be forbidden as of December 31, 2022.

The finance minister of India announced in the 2023 budget that the Government has allocated Rs.16,459 crore to the IT ministry, 40% higher than last year to improve various facilities.

Which of the following PESTEL factor does the above news article indicate?


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