Which of the following is NOT part of the PESTEL analysis?

The PESTEL analysis is a framework used to analyze the external macro-environmental factors that can impact an organization. It stands for Political, Economic, Social, Technological, Environmental, and Legal factors. Each of these components represents a different dimension of the external environment that can influence strategic decision-making.

In this context, "Performance" is not one of the factors included in PESTEL. While performance metrics may be important for assessing an organization's internal capabilities, they do not fall under the external analysis categories that PESTEL addresses. The other options—Legal, Social, and Economic—are all integral components that help organizations understand the broader socio-economic landscape in which they operate.

Legal pertains to the regulatory environment, Social addresses societal trends and cultural shifts, and Economic focuses on economic conditions such as inflation rates, economic growth, and exchange rates. Each of these dimensions helps an organization strategize effectively by providing insights into external influences.