During the strategy formation stage, senior executives assess the external environment using a framework which includes several categories. Specifically, the executives assess how the results of an upcoming election might affect the organization with regard to taxes and regulatory requirements. Which one of the following best identifies the method of assessing the external environment that the senior executives are using?

Available answer options

Select only one option

A

SWOT analysis

B

PESTLE analysis

C

Strategy map

D

Scenario analysis