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Does the macro environment affect your success?
As part of a strategic marketing analysis you should look at the macro environment. Since also external forces at a country level define the attractiveness of that market. A PESTEL analysis, also called a DESTEP analysis, helps you identify the trends at macro level that could impact your business. The letters stand for Political, Economic, Social, Technological, Environmental and Legal. Political factors Government policy may impact your organization or industry. It can affe
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