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To create an effective PESTLE analysis, begin with thorough preparation. Collect pertinent information for each category: Political, Economic, Social, Technological, Legal, and Environmental. Construct a comprehensive PESTLE diagram to visualise this data.
Once the information is gathered, interpret and evaluate your findings diligently. Formulate a strategic action plan based on your assessment. Lastly, monitor and adapt to any major external changes.
Regular updates to your analysis will help ensure its continued relevance.