Impact of Environment on Operational plans
It is an imperative that when formulating Operational plans the environments in which the business operates in are considered, identify the environments and the tools used to analyze the impact of environment each on planning.
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There are several tools to analyze the impact of environment and SWOT analysis and PESTEL are one of them. Firstly, the SWOT analysis can be described as a tool to highlight strengths, weaknesses, threats and opportunities associated with the organization. Further, PESTEL which includes Political, Economic, Social, Technical, Environment and Legislative factors is considered to be a valuable instrument for comprehending the surroundings, in which the firm functions, and the opportunities and threats associate with it.
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