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A Systematic Review Using a Factor in Pestle Framework: COVID-19 Pandemic and Expansion of Economic Environments

A Systematic Review Using a Factor in Pestle Framework: COVID-19 Pandemic and Expansion of Economic Environments

Ramakrishnan Vivek, Mohsen Brahmi, Yogarajah Nanthagopan, Luigi Aldieri
Copyright: © 2023 |Pages: 15
ISBN13: 9781668454176|ISBN10: 1668454173|ISBN13 Softcover: 9781668454183|EISBN13: 9781668454190
DOI: 10.4018/978-1-6684-5417-6.ch004
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MLA

Vivek, Ramakrishnan, et al. "A Systematic Review Using a Factor in Pestle Framework: COVID-19 Pandemic and Expansion of Economic Environments." Frugal Innovation and Social Transitions in the Digital Era, edited by Muhammad Nawaz Tunio and Atia Bano Memon, IGI Global, 2023, pp. 26-40. https://doi.org/10.4018/978-1-6684-5417-6.ch004

APA

Vivek, R., Brahmi, M., Nanthagopan, Y., & Aldieri, L. (2023). A Systematic Review Using a Factor in Pestle Framework: COVID-19 Pandemic and Expansion of Economic Environments. In M. Tunio & A. Memon (Eds.), Frugal Innovation and Social Transitions in the Digital Era (pp. 26-40). IGI Global. https://doi.org/10.4018/978-1-6684-5417-6.ch004

Chicago

Vivek, Ramakrishnan, et al. "A Systematic Review Using a Factor in Pestle Framework: COVID-19 Pandemic and Expansion of Economic Environments." In Frugal Innovation and Social Transitions in the Digital Era, edited by Muhammad Nawaz Tunio and Atia Bano Memon, 26-40. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/978-1-6684-5417-6.ch004

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Abstract

The chapter mainly highlights the impact of the COVID-19 pandemic on the global economy, utilizing macroeconomic concepts and describing how organizations around the world can use the strategic management technique of drawing up a PESTLE analysis to provide focused attention to each factor and macroeconomic party. This ultimately comprises the entire economy, with special attention being focused on the expansion of the environmental factor. The key problem discussed in the following research chapter was whether healthcare should be considered as a separate dimension under the environmental category in a PESTLE analysis. The methodology used involved gathering data from online journals relating to the relevant ministries of healthcare, and an extended review was conducted based on existing sources. The scenarios that unfolded as the pandemic first broke out, the policies imposed by the governments, and their shortcomings as policymakers were discussed, and the current day policies utilized to make sure the brunt of the pandemic doesn't boomerang again were analyzed.

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