Practice Flashcards
Flip to reveal answersSTEEPLE helps anticipate ___ in the external environment
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All 25 Flashcards — What is STEEPLE analysis?
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Question
STEEPLE helps anticipate ___ in the external environment
Answer
Changes — both opportunities and threats before they become problems.
💡 Hint
Changes
Question
STEEPLE = seven ___ factors
Answer
External — Social, Technological, Economic, Environmental, Political, Legal, Ethical.
💡 Hint
External
Question
University STEEPLE: Social = ___
Answer
Changing student demographics (more mature students, international demand).
💡 Hint
Student demographics
Question
S = Social means ___
Answer
Changing demographics, lifestyles, attitudes, health trends, ageing populations.
💡 Hint
Demographics + lifestyles
Question
What does STEEPLE stand for?
Answer
Social, Technological, Economic, Environmental, Political, Legal, Ethical — seven external factors.
💡 Hint
S-T-E-E-P-L-E
Question
T = Technological means ___
Answer
New tech, automation, AI, e-commerce, social media, digital disruption.
💡 Hint
Tech + AI + digital
Question
All STEEPLE factors are ___
Answer
External — things the business cannot control but must respond to.
💡 Hint
External + uncontrollable
Question
STEEPLE supports ___ planning
Answer
Strategic — preparing for opportunities and threats over the long term.
💡 Hint
Strategic
Question
Car manufacturer STEEPLE: Technological = ___
Answer
Electric vehicles, autonomous driving — must adapt or lose competitiveness.
💡 Hint
EVs + autonomous
Question
Links to ___ and ___ in SWOT
Answer
Opportunities and Threats.
💡 Hint
O + T
Question
STEEPLE helps businesses ___
Answer
Identify external factors that affect decisions — scan the environment for opportunities and threats.
💡 Hint
Scan environment
Question
Fast food STEEPLE: Social = ___
Answer
Health-conscious consumers — demand for healthier menu options.
💡 Hint
Health trends
Question
STEEPLE factors feed into SWOT's ___ and ___
Answer
Opportunities and Threats — use them together for stronger answers.
💡 Hint
O + T
Question
E = Economic means ___
Answer
Interest rates, inflation, recession, exchange rates, unemployment, growth.
💡 Hint
Rates, inflation, recession
Question
Always apply to the ___
Answer
Specific business — don't just list generic factors.
💡 Hint
Specific business
Question
E = Environmental means ___
Answer
Climate change, pollution, sustainability pressure, natural disasters, resource scarcity.
💡 Hint
Climate + sustainability
Question
Quick: Economic factors include ___
Answer
Interest rates, inflation, recession, exchange rates, unemployment.
💡 Hint
Rates, inflation, recession
Question
STEEPLE links to which part of SWOT?
Answer
Opportunities and Threats — STEEPLE factors feed into the O and T of SWOT.
💡 Hint
O + T of SWOT
Question
STEEPLE identifies ___ before they become problems
Answer
Risks — early warning system for external changes.
💡 Hint
Risks
Question
Don't just list factors — always explain ___
Answer
HOW each factor affects the specific business in the case study.
💡 Hint
How it affects THIS business
Question
Generic STEEPLE answers score ___
Answer
Low — always apply to the specific business.
💡 Hint
Low
Question
Quick: Legal factors include ___
Answer
Employment law, health/safety, consumer protection, data protection.
💡 Hint
Laws + regulations
Question
Quick mnemonic for STEEPLE?
Answer
'Seven Tricky External Elements Pushing Limits Everywhere'
💡 Hint
STEEPLE mnemonic
Question
P = Political, L = Legal, E = Ethical?
Answer
Political: gov stability, trade, tax. Legal: employment law, data protection. Ethical: fair trade, CSR, working conditions.
💡 Hint
Gov + law + ethics
Question
Use STEEPLE and SWOT ___ for stronger answers
Answer
Together — STEEPLE feeds into SWOT's external factors.
💡 Hint
Together
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STEEPLE analysis
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