PESTEL Analysis of Restaurant Industry
The management of a company uses PESTEL analysis to weigh the factors that can hinder or promote the industry's growth. Restaurant Industry PESTEL analysis can identify how political, economic, socio-cultural, technological, ecological, and legal issues can impact the conditions of the restaurant industry. Based on the Restaurant Industry PESTEL analysis, one can say that the company has lost its initial glory. It must work on its weaknesses and focus on the strengths to stand strong against the challenging competitors. Restructuring of existing strategies can help the brand bounce back to the hot spot it was initially enjoying.
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