CHAPTER 1 Business Environment Contents • Introduction • Business • Objectives of business • Environmental influences on business • Environmental analysis • Characteristics of business environment • Components of business environment • The micro and macro environment • Competitive environment • Porter’s five forces model–competitive analysis Learning Objectives The present chapter aims at: • Definitions and objective of business • Examine environment analysis‚ characteristics
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The macro environment Introduction Marketing’s role is to match the capabilities and resources within the organisation with market opportunities external to the organisation. Understanding customer needs is central to achieving this aim‚ but marketers must also be aware of factors that can cause customer needs to evolve. A change in customer needs will impact upon the organisation’s ability to serve its customers. This means that marketers have to be knowledgeable about what is happening in the
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Pestel Analysis of Mobile Phone Industry Political Mobile phones have now become a tool with which political parties can directly target voters. People with smartphones can now receive video advertisements and messages via the internet. According to the Economic Intelligence Unit (2012)‚ 83% of Americans who own a smartphone or tablet are registered to vote. This new gimmick is called “m-campaigning” and is currently most common in America. Barack Obama and Mitt Romney are both using this as
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Macro environments relates to the larger forces that have an impact on society as a whole and not just on one or a few organizations. A single organization cannot usually have a significant impact on these forces and therefore can only adapt its marketing mix to account for the opportunities and threats that arise. The company’s macro-environment consists of six major forces that impact on organizations. The six major forces are demographic trends‚ economic trends‚ natural trends‚ technological
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Micro Environment The actors close to the company that affect its ability to serve its customers – the company‚ suppliers‚ marketing intermediaries‚ customer markets‚ competitors‚ and publics. 1. The Company a. All groups/departments in a firm are interlinked. 2. Suppliers a. Suppliers form an important link in the company’s overall customer value delivery system. 3. Marketing intermediaries a. Helps the company to promote‚ sell and distribute the goods and services to final buyers. These
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"Cell Phone" redirects here. For the film‚ see Cell Phone (film). For the Handphone film‚ see Handphone (film). The Qualcomm QCP-2700‚ a mid-1990s candybar style phone‚ and an iPhone 5‚ a current production smartphone. A mobile phone is a device that can make and receive telephone calls over aradio link while moving around a wide geographic area. It does so by connecting to a cellular network provided by a mobile phone operator‚ allowing access to the public telephone network. By contrast‚ a cordless
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Winnie Perez Pd. 4 Disadvantages of mobile phone In this era‚ the prosperity of advance technology is blossoming like mushrooms growing in the back yard. Meanwhile‚ invented in 1973 by Martin Cooper‚ mobile phones nowadays are becoming one of the most popular pieces of technology and nearly everyone own a cell phone. Nonetheless‚ mobile phones bring not only easiness in communication area‚ but also many negative effects. Therefore‚ I am convinced that negative health effects‚ the effect
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What Is Macro Environment? The major external and uncontrollable factors that influence an organization’s decision making‚ and affect its performance strategies. These factor includes the economic factors; demographics; legal; political‚ and social conditions; technological changes; and natural forces. Macro environment factors are beyond the control of an organization. This is because those factors are positioned outside the organizational system. Those forces are the prime factors in corporate
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5. Strengths‚ Weaknesses‚ Opportunities and Threats STRENGTHS • Consumers across the UK now rely heavily on having a form of mobile communication at their disposal. The market is fast becoming an essential for the population and the chances of it changing are extremely low. • The UK industry is one that sees the most innovative and technologically advanced phones worldwide. • Compared with other nations‚ the UK has a relatively high adoption level for technology. Many consumers are quick
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Introductin Mobile phones are one of the most common information access devices with almost 31% of the global population having access. This exploratory study investigated usage patterns of‚ and attitude about‚ cell phones among university students in a mature market (United States) and a rapidly growing new market (India) by surveying students in each country. Key findings from the study include similarities in the usage of phones to communicate with others and in the perception of mobile phone usage
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