PESTLE Analysis of Nike showcases different factors influencing the sports brand. Here, Political Factors are: Consider the taxation and manufacturing rules of each country and others. The economic Factor would be to target customers with good purchasing power, and developing countries may be a good opportunity for Nike. The social Factor would be to target health-conscious people, and shoes/apparel must be for health-conscious people and sporty people. Tech factors would be that Nike uses the finest technology and constant changes in the technology as well as opportunity and threat. It should be noted here that a PESTEL analysis is an acronym for a tool used to identify the macro (external) forces facing an organization. The letters stand for Political, Economic, Social, Technological, Environmental, and Legal. Use EdrawMax Online to create a PESTLE analysis for your organization. The free PESTLE maker comes with thousands of templates and symbols that ease your efforts in creating the PESTLE diagram.