Navigating Business Challenges with STEEP Analysis: A Comprehensive Guide
In today’s rapidly evolving business landscape, it is crucial for companies to be able to anticipate and adapt to changes in their external environment. One tool that can help businesses navigate challenges is STEEP analysis. In this article, we will define STEEP analysis, explain its components, and provide a step-by-step guide on how to conduct it. We will also explore the benefits and limitations of STEEP analysis, how it can be integrated into business strategy, and its application in industry-specific contexts and global businesses. What is STEEP Analysis? STEEP analysis is a strategic planning tool that helps businesses assess the