ENVIRONMENT AND WHY MARKETERS PLAY A CRITICAL ROLE IN TRACKING ENVIRONMENTAL TRENDS AND SPOTTING OPPORTUNITIES. PLEASE GIVE YOUR ANSWERS BY USING YOUR OWN WORDS. There are two(2) main elements in marketing environment which is microenvironment and macroenvironment. Microenvironment is the actor close to the company that affect its ability to serve its customers the company‚ suppliers‚ marketing intermediaries‚ customer markets‚ competitors‚ and publics. For the first one we start with the company. In
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Environment SIMULATION DESCRIPTION: Gerlach Publishing is a small publisher that exclusively publishes textbooks used in Colorado public schools. The Marketing Director at Gerlach is responsible for researching and monitoring the company\’s macroenvironment and proposing necessary changes in marketing strategy in light of long-term changes. Changes in the demographic‚ political‚ economic‚ natural‚ cultural‚ and technological environments must be evaluated and the correct response to these changes
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ch4 Student: ___________________________________________________________________________ 1. By paying close attention to customer needs and continuously monitoring the environment in which it operates‚ a good marketer can identify potential opportunities. True False 2. When analyzing the immediate environment and the macro environment‚ marketers must be careful to keep the firm at the center of all analyses. True False 3. Successful firms focus their efforts on satisfying customer
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describe the elements of the macroenvironment and competitive environment that currently impact Google. Then describe elements that you anticipate will impact Google over the next several years. 1.) Founded in 1998‚ the Google company has been extremely successful in a large diversification of products for the user and the web. Originally created as a search engine that "understands exactly what you mean and gives you back exactly what you want." Now its products and services have grown to
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marketing that affect marketing management’s marketing management’s ability to build and maintain successful relationships with target customers Marketing Environment Larger societal forces The actors close to the company Macroenvironment Microenvironment 3 The Marketing Environment Demographic Company Economic Cultural Publics Company Competitors Political Suppliers Customers Intermediaries Natural Technological 4 2 N.Karami ‚Marketing
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welfare 6. The rise of Pacific Rim 7. The decade of women in leadership 8. The age of biology 9. The religious revival of the new millennium 10.The triumph of individual Identifying and responding to the major Macroenvironment Forces Identifying and Responding to the Major Macroenvironment Forces • The substantial speedup of international transportation‚ communication‚ and financial transactions‚ leading to the rapid growth of world trade and investment‚ especially
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environmental trends and spotting opportunities. -The marketing environment surrounds and impacts upon the organization. There are three key elements to the marketing environment which are the internal environment‚ the microenvironment and the macroenvironment . The internal environment refers to the company and its existing products‚ marketing strategies. It also includes the strengths of the company with regard to manufacturing abilities‚ distribution capacities‚ and marketing abilities. Internal
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following; Actors – macroenvironment; suppliers‚ distributors‚ customers‚ competitors. Forces – Microenvironment; Economic‚ political‚ technological‚ social – PEST Introduction Tell them what you are going to tell them. Identify the key concepts involved in the marketing environment. Describe the nature of the marketing environment. What it means and how it shapes the activities of the company. Explain the difference between the microenvironment and macroenvironment. Introduce the company
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MARKETING MANAGEMENT Chapter 1 Defining Marketing for the 21st Century Five basic markets & their connecting flows Figure 1.1 Marketing Management - An Asian © Kotler‚ Keller‚ Ang‚ of Perspective Structure Leong & Flows in a Modern Exchange Economy Tan 4th Edition International Executive MBA PGSM Page I.01 MARKETING MANAGEMENT Figure 1.2 A Simple Marketing System © Kotler‚ Keller‚ Ang‚ Leong & Tan Marketing Management - An Asian Perspective 4th Edition
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The microenvironment refers to the forces that are close to the company and affect its ability to serve its customers. It includes the company itself‚ its suppliers‚ marketing intermediaries‚ customer markets‚ competitors‚ and publics. The macroenvironment refers to all forces that are part of the larger society and affect the microenvironment. It includes concepts such as demography‚ economy‚ natural forces‚ technology‚ politics‚ and culture. Microenvironment The company aspect of microenvironment
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