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Essay text:
So it is very important for organizations like Intel to study and understand about the external environment. To do this, we can use the PESTEL framework.
P POLITICAL
E ECONOMIC
S SOCIO-CULTURAL
T TECHNOLOGY
E ENVIRONMENT
L LEGAL
In PESTEL framework, the external environment is classified into six broad categories: Political, Economic, Social, Technological, Environmental and Legal. Changes in these external forces affect the types of products produced, the position of them, market strategies, types of services offered and choice of business.
Political Forces:
Intel being a multinational company, it has to operate according to different government policies of different countries depending on the stability of the countries (Writer, 2006)
Politics has a serious impact on the economic environment of the country...
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