2. marketing environment Flashcards
Internal Environment
consists of parties that make up a
company: such as the different departments, its employees, its structures, processes, political networks and physical realities such as buildings, facilities and symbols
microenvironment
consists of the actors close to the company that affect its ability to serve its customers, the company,
suppliers, marketing intermediaries, customer markets,
competitors and publics
macroenvironment
consists of the broad forces that affect not only the company but also the other actors in the microenvironment.
Political and Legal Forces
laws, governments agencies and pressure groups that influence and limit organizations and individuals in a given society
economic forces
Different factors that affect consumer buying power and spending patterns Economic climate
Disposable income
Price levels
Growing/emerging economies
Interest/Exchange rates
Debt
Consumer saving
Consumer confidence
environmental forces
Relationship between people and environment
Natural environment = natural resources needed as inputs or that are affected by marketing activities
social and cultural forces
Demographic forces Demography = study of human populations in terms of size, density, location,
age, gender and race occupation
Demographic trends include population growth, changing age and household
structure, pressures for migration and population diversity
cultural environment
Cultural environment = institutions and other forces that affect society’s basic values, perceptions, preferences and behaviors
Passive view
“Uncontrollable” element to adapt to
Do not try to change
Analyse environmental forces and design strategies to avoid threats and exploit opportunities
proactive view
Affect publics and forces: hire lobbyists, media events,
advertorials, lawsuits, contracts, ….
Not always possible