2. 2
Marketing Environment
Marketing Environment- consists of the
actors and forces outside marketing that
affect marketing management’s ability to
develop and maintain successful
relationships with its target customers.
Includes:
Microenvironment
Macroenvironment
3. 3
Microenvironment
Microenvironment - forces close to the company
that affect its ability to serve its customers.
It includes: the company, suppliers, marketing
intermediaries, customer markets, competitors,
and publics.
5. 5
Company’s Microenvironment
Suppliers - provide the resources needed to
produce goods and services and are an
important link in the “value delivery system”.
Marketing Intermediaries - help the
company to promote, sell, and distribute its
goods to final buyers. i.e. resellers, physical
distribution firms, marketing services
agencies.
6. 6
Types of Customer Markets
Reseller
Markets
Company
Customers - five types of markets that
purchase a company’s goods and services.
7. 7
The Company’s Microenvironment
Competitors - those who serve a target
market with similar products and
services against whom a company must
gain strategic advantage.
Publics - any group that perceives itself
having an interest in a company’s ability
to achieve its objectives.
10. 10
The Company’s Macroenvironment
Demographic - studies populations in terms
of size, density, location, age, gender, race,
occupation and other statistics.
Changing Age Structure
Population is aging; many divisions
Changing American Family
Later marriage, fewer children, working
women, and nontraditional households
Geographic Shifts
Moving to the Sunbelt, suburbs,
“micropolitan areas”
Better-Educated & More White-Collar
Increased college attendance
and white-collar workers
Increasing Diversity
72% Caucasian, 13% African-American,
11% Hispanic & 3% Asian
11. 11
The Company’s Macro environment
Economic - factors that affect consumer
purchasing power and spending patterns.
Economic
Development
Changes in Income:
Value Marketing
Changing Consumer
Spending Patterns
Key
Economic
Concerns for
Marketers
12. 12
The Company’s Macro environment
Natural - natural resources needed as inputs by
marketers or that are affected by marketing
activities.
Shortages of Raw Materials
Increased Pollution
Governmental Intervention
Environmentally Sustainable Strategies
13. 13
Technological -forces that create new technologies,
creating new product and market opportunities.
Faster pace of technological change; products are outdated
at a rapid pace.
Almost unlimited opportunities being developed daily in
health care, space industry, robotics, and bio-genetic field.
Challenge is not only technical, but also commercial – make
practical, affordable versions of products.
Increased regulation concerning product safety, individual
privacy, and other areas that affect technological changes.
The Company’s Macro environment
14. 14
The Company’s Macro environment
Political - laws, agencies and pressure groups that
influence and limit organizations and individuals in
a given society.
1.The Bangladesh Pure Food Ordinance,1959
2.Bangladesh Essential Goods Control Act 1956/1990
3.Weight and Measurement Ordinance 1982
4. Bangladesh Standards and Testing Institution Ordinance, 1985
5. The Iodine Deficiency Disorders Prevention Act, 1989
6.Drug Ordinance 1982
7.Fish and Fish Product Rules 1997
8.Trademark Act 1940
9.Breastmilk Substitute Ordinance
10. Design Act 1911
11. Patent Act 1911
15. 15
The Company’s Macro environment
Cultural - institutions and other forces
that affect a society’s basic values,
perceptions, preferences, and behaviors.
Persistence of Cultural values
The core values and beliefs have a high degree of
persistence.
Shifts in Secondary Cultural Values
Secondary beliefs and values are more often to change
16. 16
Review of Concept
Connections
Describe the environmental forces that affect the
company’s ability to serve its customers.
Explain how changes in the demographic and
economic environments affect marketing
decisions.
Identify the major trends in the firm’s natural and
technological environments.
Explain the key changes in the political and
cultural environments.
Discuss how companies can react to the
marketing environment.