ProcurementEssay Preview: ProcurementReport this essayCompiling and Using a “PESTLE” Analysis1.1 A PESTLE analysis is a tool that acts as a prompt to the staff and governors involved in the analysis of the developments in theschool’s environment that could affect its risk profile. It may help them carry out a more comprehensive analysis. The initials standfor:фЂ‚Ñ” Political e.g. a new government initiative creates the risk that the school may fail to deliver the policy or be diverted away fromlocal priorities etc.фЂ‚Ñ” Economic e.g. central or local government funding decisions may affect school finances, closure of a local industry may affectfund raising plans etc.фЂ‚Ñ” Social e.g. demographic changes may affect likely pupil rolls or the nature of pupils needs e.g. pupils with English as a secondlanguage etc.фЂ‚Ñ” Technological e.g. new computer viruses may affect school operations, disturbing images on the internet may affect ICTsecurity measures etc.фЂ‚Ñ” Legislative e.g. new legislation may create risks of non-compliance with the law, create new administrative burdens etc.фЂ‚Ñ” Environmental e.g. a new road layout near the school may create new dangers for pupils etc.1.2 The key to using PESTLE successfully is to prepare thoroughly before the meeting and:фЂ‚Ñ” ask people to think about the external factors that may affect the school’s risk profile so they are prepared for the joint meetingфЂ‚Ñ” ensure staff and governors with the best knowledge of external developmentsCompiling and Using a “PESTLE” Analysis1.1 A PESTLE analysis is a tool that acts as a prompt to the staff and governors involved in the analysis of the developments in theschool’s environment that could affect its risk profile. It may help them carry out a more comprehensive analysis. The initials standfor:фЂ‚Ñ” Political e.g. a new government initiative creates the risk that the school may fail to deliver the policy or be diverted away fromlocal priorities etc.фЂ‚Ñ” Economic e.g. central or local government funding decisions may affect school finances, closure of a local industry may affectfund raising plans etc.фЂ‚Ñ” Social e.g. demographic changes may affect likely pupil rolls or the nature of pupils needs e.g. pupils with English as a secondlanguage etc.фЂ‚Ñ” Technological e.g. new computer viruses may affect school operations, disturbing images on the internet may affect ICTsecurity measures etc.фЂ‚Ñ” Legislative e.g. new legislation may create risks of non-compliance with the law, create new administrative burdens etc.фЂ‚Ñ” Environmental e.g. a new road layout near the school may create new dangers for pupils etc.1.2 The key to using PESTLE successfully is to prepare thoroughly before the meeting and:фЂ‚Ñ” ask people to think about the external factors that may affect the school’s risk profile so they are prepared for the joint meetingфЂ‚Ñ” ensure
1.3 Introduction1.3a A PESTLE analysis is a tool that acts as a prompt to the staff and governors involved in the analysis of the developments in theschool’s environment that could affect its risk profile. It may help them carry out a more comprehensive analysis. The initials standfor:фЂ‚Ñ