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SWOT and PESTLE analysis go hand in hand and form two of the most prominent empirical research avenues for any business. According to professional analysts, these are the salt and pepper of business strategies, crucial for in-depth & intelligent evaluation.
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Examples of influential political factors can be a change of government, taxation laws, workplace policy changes, trade restrictions, etc.
Key economic factors are interest rates, inflation, currency value, recession, market liquidity, etc.
Typical examples are company R & D, automobile engineering, mechanical & safety engineering, advancements in IT, power engineering, chemical engineering, etc.
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