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The companies use the PESTEL as well as SWOT analysis procedures for knowledge the feasibility of any recently introduced products. The SWOT and also the PESTEL analysis are generally made use of jointly to obtain a clearer idea of the economic and aggressive company ecosystem.
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This tends to make applicable when you are evaluating a different company partnership, resource or acquisition. It is much more flexible in its application compared to PEST analysis that is generally used for judging the exterior variables.
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