Join the early bird Black Friday list

We are releasing a series of historically good Black Friday offers throughout November at shop.learningloop.io.

Each offer is available for a few hours only.

Know when new discounts are released
Join our Black Friday Early Bird list to be the first to know when discounts go live!

Be the first to know
BLACK
FRIDAY
2024

Workshop Exercises: Evaluate

PEST Analysis

Identify internal and external factors that may impact your situation

Illustration of PEST Analysis
Run a PEST Analysis play

Alternative plays: SWOT Analysis

Follow-up plays: How Might We, Who / What / When Matrix

Timing: Planning

Origin: Francis Aguilar

Prep time
1 minute

Run time
45-90 minutes

Group size
1-20

Why: Enable teams to adapt their strategies, mitigate risks, and capitalize on opportunities effectively

When: Use to evaluate how business decisions fits aligns the outside world before embarking on a major change

This workshop exercise is part of the Workshop Patterns printed card deck.

A collection of workshop exercises that will help you ditch dull meetings and facilitate with confidence. It will help you master the design process and have more productive time with your team. The card deck will be ready for purchase in the end of 2025 and is now undergoing rigorous testing.

Reserve your deck!

Instructions for running this play

  1. Before the meeting. Ask participants before the meeting to bring or prepare relevant research and insights related to each factor.
  2. Draw the following PEST canvas on a large surface
  3. Explain and discuss each factor of the canvas to build a shared understanding of what you are embarking on.
    Political factors. Break down laws and regulations you must follow for products to be sold legally.
    Economic factors. What expenses & revenue and which laws/taxes/inflation percentages are affecting the current cash flow?
    Social factors. Who are your target customers, why do they need your product, and what is affecting their spending habits?
    Technological factors. What technology does your business rely on?
  4. Go through each PEST factor one by one, crafting sticky notes by Silentstorming, Timeboxedlays/workshop-exercise/timeboxing”>Timeboxed</a>** for 10 minutes each. Playback your results after each round.
  5. Identify opportunities and threats (consider transitioning into a SWOT analysis) through a group discussion or a new Silent Storming session, based on what you have learned.
  6. Take Action. Consider continuing the exercise with How Might We…orkshop-exercise/how-might-we”>How Might We…</a>** or a Who/What/When.

Tips to perfect this play

Master and adapt the play to fit your context and needs.

Tip: Go for SLEPT

Expand the canvas with the Legal factor to make it a SLEPT analysis and with both Legal and Environmental factors to make it a PESTLE analysis.

Tip: Futurespective thinking

Use the insights from the PEST Analysis to develop different future scenarios and assess their potential impact, facilitating strategic decision-making and proactive planning.

This workshop exercise is part of the Workshop Patterns printed card deck.

A collection of workshop exercises that will help you ditch dull meetings and facilitate with confidence. It will help you master the design process and have more productive time with your team. The card deck will be ready for purchase in the end of 2025 and is now undergoing rigorous testing.

Reserve your deck!

Want to learn more?

Receive a hand picked list of the best reads on building products that matter every week. Curated by Anders Toxboe. Published every Tuesday.

No spam! Unsubscribe with a single click at any time.

Ice Breakers

Relieve initial group awkwardness and establish a safe space

Educate

Broaden knowledge or insight regarding the behavior or situation to inform decisions.

Demonstrate

Show practical examples or models of the desired behavior for clear guidance.

Alert

Highlight current actions and their reasons, bringing unconscious habits to awareness.

Train

Develop necessary skills and competencies to enable effective action.

Community events
Product Loop

Product Loop provides an opportunity for Product professionals and their peers to exchange ideas and experiences about Product Design, Development and Management, Business Modelling, Metrics, User Experience and all the other things that get us excited.

Join our community

Made with in Copenhagen, Denmark

Want to learn more about about good product development, then browse our product playbooks.