What is PESTLE Analysis and is it mandatory?

Manasa

Starting to get Involved
#1
Hi All,
Our small company (Tube cutting,Bending occassional TIG welding) is trying to get ISO 9001 Certification.What is PESTLE Analysis and is it mandatory?!!It sounds complicated.Any breakdown on it in to simpler terms that suits us would be great!Thanks much!







1
 
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Randy

Super Moderator
#2
Do you see PESTLE Analysis in the standard anywhere? If YES then do it, if NO then your question is answered.

However it may come to play when determining CONTEXT, but that's purely dependent on each organization and it's NEEDS & EXPECTATIONS
 

Emmyd

Involved In Discussions
#3
From what I see from a search on that phrase, it sounds like a more in depth risk analysis - it takes a few more factors into consideration than a typical interested party SWOT analysis does. For our company (we're IATF16949), we named all the interested parties to our business (for example, employees, stockholders, customers, local community, etc.), identified the factors that would affect each of these and analyzed the risk to each party. The standard doesn't call out the use of any specific type of risk analysis, you are allowed to use whatever tool you want as long as you do identify the interested parties and the risks associated to each.
1580483577880.png
Good luck!
 

Manasa

Starting to get Involved
#4
Do you see PESTLE Analysis in the standard anywhere? If YES then do it, if NO then your question is answered.

However it may come to play when determining CONTEXT, but that's purely dependent on each organization and it's NEEDS & EXPECTATIONS
Yeah,Makes sense!I don't see it as requirement but could be done if wanted.I don't think we need this under this title.Thank you!
 

Manasa

Starting to get Involved
#5
From what I see from a search on that phrase, it sounds like a more in depth risk analysis - it takes a few more factors into consideration than a typical interested party SWOT analysis does. For our company (we're IATF16949), we named all the interested parties to our business (for example, employees, stockholders, customers, local community, etc.), identified the factors that would affect each of these and analyzed the risk to each party. The standard doesn't call out the use of any specific type of risk analysis, you are allowed to use whatever tool you want as long as you do identify the interested parties and the risks associated to each.
View attachment 26466
Good luck!
Neat!Thank you so much!Yeah,a comprehensive risk analysis should do for our business.I appreciate your help!
 
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