A PESTLE analysis is a framework to analyze the key factors (Political, Economic, Sociological, Technological, Legal, and Environmental) influencing an organization from the outside. It offers people professionals insight into the external factors impacting their organization. The advantages of PESTLE analysis involve being cost-effective, providing a deeper understanding of business, alertness to threats, and a method to exploit opportunities. Instead of creating a PESTLE Analysis diagram from scratch, use EdrawMax Online. This free PESTLE Analysis maker offers hundreds of templates, and you can customize it as per your requirement.