Sleep is an essential part of life for all living organisms. It is important for physical, mental, and emotional health. A lack of a good night’s rest can have serious consequences on our wellbeing, from decreased cognitive performance to increased risk of chronic diseases. Sleep analysis is the process of measuring and understanding how we sleep to improve our overall health. It is a tool that helps us to identify any underlying causes of our sleep problems, as well as track our progress as we work towards getting a better night’s rest. In this blog post, we’ll take a deep dive into the world of sleep analysis, exploring the methods and technology used to measure and analyse our sleep patterns and behaviours. We’ll also discuss the importance of understanding our sleep data, and how it can be used to improve our overall health and wellbeing.
SLEPT Analysis
How to conduct SLEPT analysis
Conducting these analyses is very similar because the PEST analysis (political, economic, social, and technological) is a specialized version of the SLEPT framework analysis. Here is a summary of the procedure your company can use to conduct the analysis:
1. Brainstorm with your team on where to find information
To generate initial ideas, managers gather a cross-section of personnel from various departments and divisions of the company. They compile a list based on the social factors discussed earlier, sign in to any search engine, and look up the necessary information. Think about incorporating the queries and ideas from the brainstorming session into the initial SLEPT analysis. The focus of brainstorming is on current events and potential future events. It can also be on the business’s positive or negative effects.
As an illustration, if you’re performing SLEPT analysis for a driving service in the U S. Start your search by determining the region the business operates in order to better understand social and economic factors. Next, look up the laws that govern services like taxis in the U S. to analyze the legal factors. Look up government regulations on these taxi services to analyze the political context and other data.
2. Hire a consultant to find and organize information
Organizations may seek the opinion of external experts. Beyond the experts, you can consult with distributors, customers, academics, suppliers, or other members of the industry who are not affiliated with your company. Check the amount of information experts within the organization have available before you begin a consultation. Consultants help organize appropriate sources of information. From official reference books and statistical authorities, complex factual information is easily accessible, including interest and inflation rates, employment statistics, and demographics.
In addition, consultants use a variety of other sources, including trade journals, discussion boards, newspapers, articles, and magazines. They add published works from their related fields to the data. In order to ensure that the necessary computer systems for analysis and storage are in place, consultants make decisions in advance about how to store and organize the information. Consultants consider the resources available and the individuals with access to the information.
3. Research and review all information from consult
It’s time to gather proof for each insight in the organization’s SLEPT analysis following further consultations. It’s essential to look for proof during the research to back up the insights. Your organization may consider collecting information contradicting the insights. When doing research, keep in mind that a choice with more advantages might also have some disadvantages. You can use the chance and lessen the risks in this way.
There are many ways to guarantee that the SLEPT framework yields the desired results. Consider using consultants during the research phase, for instance, to assist your organization in achieving its goals with the assistance of a third party.
4. Evaluate the results of analysis
It is advisable to think about the tactics with the highest likelihood of success as well as steps to reduce threats and increase opportunities. Remember to evaluate areas where you expect little to no change even though SLEPT analysis focuses on anticipating changes in the environment. Each SLEPT analysis item is given a score by the evaluator based on how likely it is to occur if it hasn’t already, as well as how it will affect your organization.
Then the evaluator instructs the team to score each insight separately. Debate on the insights continues until the scores start converging. Evaluation includes assessing the rate of change for each insight. You might ignore small or insignificant changes and concentrate on those most likely to have an impact, either positively or negatively. It’s common to encounter changes during the evaluation that have both positive and negative effects, necessitating the need for proper weighing of such insights against one another.
5. Refine your research
Continue this process until you have selected a manageable number of points in each of the five categories covered by the SLEPT analysis that are both well-articulated and insightful. Write a summary of your research and conclusions, outlining the threats, opportunities, and strategies you found. Its helpful to use the appendix to include relevant information.
You could also add some early action suggestions in the summary report. The outcomes of the SLEPT analysis are useful for those working in an organization who are in charge of making decisions and formulating strategies. The study’s trends and patterns indicate that it is necessary to continue keeping an eye on developments in those particular areas. More data is essential to back up any hypotheses or intuitions that may surface during analysis. Implement specialized attention and monitoring of such insights for situations that involve risk.
What is SLEPT analysis?
SLEPT analysis is a framework for analyzing and evaluating the business environment of an organization. Managers use it to continuously monitor external environments in order to stay successful and competitive. The acronym SLEPT stands for the following components of the framework:
Social
The framework includes social factors that relate to consumer behavior and public perception. An organization’s projection of future market trends is typically more accurate when its social aspects are properly understood. The average income and age of the population in a given area, health awareness, population growth rate, educational attainment, gender distribution, and social classes are all examples of social factors.
Legal
Government regulations that impose obligations or restrictions on an organization are referred to as legal factors. Numerous areas constantly update their laws and regulations. Businesses that swiftly acclimate to rule changes can maintain compliance and avoid legal action or prosecution. Organizations that adopt a proactive stance can anticipate these changes and prepare for unforeseen ones. Laws governing employment, intellectual property, antitrust, and discrimination are among the legal considerations.
Economic
In the SLEPT analysis, social changes directly affect economic factors. A common example is the fluctuations in the economy. A growing economy benefits most businesses, while a slowing one may have negative effects on them. Economic factors may also be impacted by legal issues like a change in the minimum wage. Growth rates, exchange rates, interest rates, credit availability, monetary policies, and fiscal policies are just a few examples of economic factors.
Political
Legal and political aspects are similar, but political factors are more closely linked to shifts in the overall role of the government. An illustration of the influence of political factors is the fact that if a company is in the E U. This organization functions within the constraints of the laws passed by the E U. first and then passed into law by their own country. Political factors typically include government programs and economic interventions, such as trade restrictions, levels of corruption, rules governing competition, government stability, and employment.
Technological
For modern businesses, technological factors are critical in daily operations. To keep up with the rapid changes, businesses stay informed about any new technologies and aware of technological advancements. The factors here include access to technology, infrastructure quality, research and development activity, and technological incentives. Technical considerations heavily influence quick and effective communication technologies in the post-millennium.
Tips for success
Follow the advice below to succeed throughout the entire SLEPT analysis lifecycle:
FAQ
What is the slept analysis used for?
An instrument for analyzing a business environment is SLEPT analysis. Its foundation is a PEST analysis with a further dimension. SLEPT stands for Social, Legal, Economic, Political and Technological factors.
What are slept factors in business?
SLEPT stands for social, legal, environmental, political, and technological in the definition of the term. Important outside factors in each of these categories can have an impact on a company’s strategic direction.
What are slept variables?
The following is a list of the sleep variables that were examined: total duration (min) of each waking sleep stage, stages 1-4, and REM The recording’s first minute of recording to the start of sleep were counted as waking minutes. The amount of time between the start of the recording and the beginning of sleep is known as sleep latency.
Who created the slept analysis?
Francis Aguilar, an American academic with a specialty in strategic planning, created the PESTLE analysis more than 50 years ago. The now-famous PESTLE tool was first mentioned by Aguilar in his book Scanning the Business Environment, which was published in the late 1960s.
