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A PESTLE analysis adds in legal and environmental trends.

Whether you do a PEST, a PESTLE or a trend analysis, you identify strategic trends.

There are many variants on this model including PESTLE analysis and STEEPLE analysis.

This means that governments will be looking for savings across the board.

Some of the questions the industry should ask are: In addition to this, could there be more harmonization of healthcare systems across Europe or the USA? The global economic crisis still exists yet government reports still show that the spend on healthcare per capital continues to grow. The growth in homecare (as seen in the Nutrition sector) demonstrates how nursing services have moved to the private sector and have become a key business offering.

By understanding the environment in which you operate (external to your company or department), you can take advantage of the opportunities and minimize the threats.

Specifically the PEST or PESTLE analysis is a useful tool for understanding risks associated with market growth or decline, and as such the position, potential and direction for a business or organization.

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