PESTLE anaLySiS
SMALL BUSINESS INFORMATION SERIES
February 2011 Edition
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© Housing Industry Association
February 2011 Edition
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I
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The content of this guide as provided by Housing Industry
Association Limited (HIA) is practical information of a general nature only for those who are operating, or who have decided to commence, a small business. The information provided is neither financial nor investment advice, and participants should make their own judgment on the application of this information to their own personal circumstances, if necessary, after obtaining accountancy or other professional advice. HIA will not be liable for any loss or damage arising from the actions of any individual based on or relying on any of the information provided in this guide.
AN INTRODUCTION TO PESTLE ANALYSIS
How this guide can help you run your building business
It is easy to get bogged down in the day-to-day running of your business and end up not being able to “see the forest for the trees.”
Every now and again, a business owner should stop, stand back and have a look at the bigger picture. It’s a way of checking that your business is still relevant to the market-place.
The PESTLE Analysis is a technique that can help you do this in a simple and structured way.
What is a PESTLE Analysis?