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Applying STEEPLE to business decisions

IB Business Management • Unit 6

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📝 Applying STEEPLE in exams

Big Idea: When asked to 'outline two STEEPLE factors', you must name the factor, describe it, and explain how it affects the specific business. Generic answers score low! 🎯

The formula for a strong STEEPLE answer

  • Name the factor (e.g. 'Economic')
  • Describe the specific issue (e.g. 'rising inflation')
  • Explain the impact on THIS business (e.g. 'increases the cost of materials, squeezing profit margins')

🔍 Choosing the right factors

You don't need to cover all seven factors — pick the ones most relevant to the business in the case study.

  • Read the case study carefully — which external issues are mentioned or implied?
  • Choose factors that have the BIGGEST impact on this business
  • If the business is considering expansion abroad, think about political and legal factors
  • If the business faces cost pressures, think about economic factors
  • If the business faces reputation issues, think about ethical factors
Exam tip: Two well-explained factors beat seven vaguely mentioned ones. Depth over breadth!

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🔗 STEEPLE and other tools

  • STEEPLE + SWOT: STEEPLE factors feed into Opportunities and Threats
  • STEEPLE + Ansoff: External factors affect which growth strategy is feasible
  • STEEPLE + marketing mix: External changes may force changes to the 7 Ps
  • STEEPLE + location: Political and economic factors affect where to locate
STEEPLE is rarely used alone — combine it with other tools for the strongest exam answers! 🧩

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