The document discusses the macroenvironment and its importance for marketing strategies. The macroenvironment consists of six key factors - demographic, economic, cultural, natural, technological, and legal - that shape opportunities and pose threats. These factors include population trends, technology changes, economic conditions, and natural environment issues. Understanding the macroenvironment is important for a SWOT analysis and adapting to constant changes in the larger environment that are outside a company's control.
2. Macroenvironment
The larger forces of the society that affect the micro
environment are collectively referred to as the macro
environment.
The company and all other actors operate in a larger
macro environment of forces.
These forces shape opportunities and pose threats to
the company.
There are six major forces in the macro environment
from marketing perspective.
These forces affect the marketing plan.
3. IMPORTANCE OF MACRO
ENVIRONMENT
Consists of six components namely:
Demographic ,economic
cultural,natural,technological and
legal
Trends and developments in these
macro environments influence the
marketing strategies.
7. Demographic factors
Population Growth
Population age mix
Ethnic markets
Educational groups
Household Pattern
Geographic Shifts in Population
Shift from mass market to micro market.
8. THE WORLD AS A VILLAGE
IF THE WORLD WERE A VILLAGE OF 100 PEOPLE
61 would be Asian(20 chinese 17 Indian),14 African, 11
European , 8 Latin American,5 north american and
only one from Australia or Antarctica.
There would be 18 cars in the village
18 villagers are unable to read and write
33 have cellphones and 16 ae online on the internet.
63 villagers have inadequate sanitation
30 villagers would be unemployed
By the end of the year one villager would die and two
new would be born so the population would climb to
1o1!
9. TECHNOLOGICAL FACTORS
Changes rapidly
Creates new markets and opportunities
Challenge is to make practical.
Safety methods result in higher research cost.
Challenge vests upon technology to make it
affordable since the competition is high.
13. Political Factors
INCLUDES:
Laws
Government Agencies
Pressure Groups
that
Influence or limit various organisations and individuals
in a given society.
14. CONCLUSION
Macro environmental factors are those factors which
are beyond the scope of control of an organization.
An organization can alter its own policies as per the
macroenvironmental conditions but not the condition
itself.
The organization ,though a mechanised body in itself
cannot work in isolation and is always under the
influence of the external forces viz. macro
environment.