Mind Map Gallery Marketing Environment
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Marketing Environment is the combination of external and internal factors and forces which affect the company's ability to establish a relationship and serve its customers.
Edited at 2020-10-10 03:44:31Marketing Environment. I.Radwan
Responding to the market Environment
Uncontrollable
React and adapt to forces in the environment
Pro-Active
Take aggressive actions to affect forces in the environment
Reactive
Watch and react to forces in the environment
Macro-Environment
Demographic
Populations, size, density, location, age, gender, race, occupation, changing age and family structures, geographic population shifts, educational characteristics, and population diversity.
International, National, Ethnicity, Gay and lesbian, Disabled
Baby Boomers – born 1946 to 1964
Generation X – born between 1965 and 1976
Millennials – born between 1977 and 2000
Generation Z – born after 2000
Economic
Offer value marketing which involves offering financially cautious buyers’ greater value—the right combination of quality and service at a fair price. With regards in mind a proper fair income distribution should be taking place in the company.
Natural
Developing strategies that support environmental sustainability because of growing shortages of raw materials & Increased pollution. (Green Movement)
Technological
Factor of change in any marketplace where it opens endless opportunities for advancement with new products & ensuring safety.
Political
Covering all CSR components in all activities by ensuring the business is following regulations and right practices to avoid prosecution or putting their brand at risk.
Cultural
Cultural, (social responsible) forces that affect a society’s basic values, perceptions, and behaviors.
Core Beliefs and Values
Persistent and are passed on, reinforced by surroundings.
Secondary beliefs and Values
Open to change and personal view
Micro-Environment
Company
Everyone in the company needs to concentrate on all marketing activities. Marketers must work in harmony to create customer value and relationships
Suppliers
Creating value for customers, Marketers must partner with other firms in the company's value delivery work
Marketing Intermediaries
Marketing intermediaries, promote, sell, and distribute goods to final buyer.
Resellers – RADIOSHACK, COMPUME, TRADELINE
Physical distribution firms (warehouse markets) – CARREFOUR, SPINNEYS
Marketing services agencies- MARKETING AGENCIES
Financial intermediaries- BANKS
Competitors
Know all about your competitors offerings and gain strategic advantage against competitor offerings in the minds of consumers.
Public
Potential interest in or impact on an organization’s ability to achieve its objectives: media agencies, tv programs.
Customers
Customers, aim of the entire value delivery system is to serve target customers and create strong relationships with them.
Consumer Markets
Business Markets
Reseller markets
Government Markets
International markets