A PESTEL analysis or PESTLE analysis (formerly known as PEST analysis) is a framework or tool used to analyse and monitor the macro-environmental factors that may have a profound impact on an organisation’s performance. This tool is especially useful when starting a new business or entering a foreign market. It is often used in collaboration with other analytical business tools such as the SWOT analysis and Porter’s Five Forces to give a clear understanding of a situation and related internal and external factors.
PESTEL is an acronym that stand for Political, Economic, Social, Technological, Environmental and Legal factors. However, throughout the years the framework has been expanded with factors such as Demographics, Intercultural, Ethical and Ecological resulting in variants such as STEEPLED, DESTEP and SLEPIT.
Examine the past trends in an industry, the current demand and supply mechanics, and the future outlook of the industry. Evaluate the viability of investing in a company.
To come up with a good strategy to deal with the competition in the industry, you must first understand the industry itself. After this, you can make informed choices on the best competitive strategy to use. By the time you develop a competitor analysis, you should be able to:
Identify direct or indirect competitors and, at the same time, comprehend their mission, vision, core values, niche market, strengths and weaknesses.
In the volatile nature of the business world, where companies represent a competition to others, this analysis will help you to establish a new mind-set which facilitates the creation of strategic competitiveness.
Porter’s Five Forces analysis is a framework that helps analyzing the level of competition within a certain industry. It is especially useful when starting a new business or when entering a new industry sector. According to this framework, competitiveness does not only come from competitors. Rather, the state of competition in an industry depends on five basic forces:
Estimate the potential of a market. It is particularly important for companies looking to launch a new product or service. We define for you:
Companies that create exceptional customer experiences (CX) can set themselves apart from their competitors.
The whole idea around CX is to maintain an ongoing deliberate effort to keeping customers pleased with the service they have received so that continuous improvement is something that exists as a real process.
Armed with advanced analytics, CX leaders gain rapid insights to build customer loyalty, make employees happier, achieve revenue gains of 5 to 10 percent, and reduce costs by 15 to 25 percent within two or three years. But it takes patience and guts to train an organization to see the world through the customer’s eyes and to redesign functions to create value in a customer-centric way. The management task begins with considering the customer, not the organization, at the center of the exercise.
How does recent customer experience rate as opposed to overall customer satisfaction?
One answer to this question is to recognize that CS is captured as a point in time measure that relates to a range of time over which a product or service was procured, while customer experience is a real time measure relating to the most recent touch point of a customer with company’s product or service. While CS is important for capturing the high-level view of “how we are doing”, CX provides us with an opportunity to improve in a rapid fashion.
The product development lifecycle (PDLC) takes many steps into consideration from the beginning of an idea through its production into a working product or service. The CX component needs to be at the heart of the PDLC of any product or service. This goes beyond just including various customer audiences to be part of the review process, it also needs to encompass a mechanism for how customers who use the product/service will interact with the company to resolve matters, improve service and build a better experience as close to real time as possible.
An emphasis on CX can bring a level of transparency and accountability that forces a decision, embeds a sense of urgency and causes companies to respond and resolve matters instead of burying the bad ones under the rug or letting them get lost in the survey frenzy of traditional CS models.
We measure satisfaction across key moments of the customer journey, evaluating performance against expectations and competition. Our models link satisfaction to loyalty and business outcomes, enabling precise actions to boost retention and satisfaction.
We go beyond demographics by identifying actionable customer segments based on behaviors, needs, and attitudes. This approach allows your brand to customize offerings, optimize targeting, and unlock deeper engagement.
We uncover how people discover, use, and perceive your product or service. Our U&A studies reveal the drivers of usage, loyalty, and switching behavior, delivering insights to shape your marketing and innovation strategy.
Need-gap analysis helps identify unmet consumer needs in your category. We evaluate satisfaction with existing offerings and map those against importance, revealing whitespace opportunities for product development and positioning.
Understand the shopper’s journey from trigger to purchase. We analyze touchpoints, decision influencers, and friction areas to optimize messaging, media, and shelf strategy.
Using eye-tracking technology, we capture how shoppers visually process products and shelves. This helps optimize packaging, point-of-sale materials, and in-store placement to drive conversion.
Through ethnographic techniques and in-context observations, we explore deep-rooted habits, motivations, and pain points to bring consumer behavior to life and inspire brand innovation.
We evaluate the effectiveness of Point-of-Sale Materials (POSM) across dimensions such as visibility, clarity, and purchase impact. This ensures your in-store assets drive attention and action.
We test product ideas with your target audience to measure appeal, relevance, differentiation, and purchase intent. We also identify improvement areas before launch.
Our testing evaluates performance of products in realistic usage situations, helping you understand strengths, weaknesses, and how your offer compares to competitors.
Ensure your product, app, or website delivers an intuitive and satisfying experience. We detect friction points and guide improvements through user-centered feedback.
We assess design impact, clarity of messaging, differentiation, and purchase intent for packaging concepts — ensuring your product stands out on the shelf.
Using techniques such as Gabor-Granger and Van Westendorp, we identify the optimal price range for your offering, balancing consumer willingness to pay with perceived value.
We evaluate name and logo options on parameters such as recall, fit, emotional appeal, and distinctiveness — ensuring your brand identity resonates with your audience.
For FMCG and food products, we conduct sensory evaluations (taste, smell, texture, etc.) to align product attributes with consumer preferences and expectations.
We evaluate campaign concepts or creatives before launch across KPIs such as recall, message clarity, emotional impact, and call-to-action effectiveness.
Measure the actual impact of your campaign on awareness, perception, and behavior. We identify what worked, what didn’t, and how to improve future executions.
We combine survey and behavioral data to estimate Return on Investment for marketing activities. This includes media mix modeling, attribution analysis, and campaign optimization.