2. Marketing Management (MM1)
(Program: PGDM, Course Code:1.2)
UNIT: 2- Marketing Environment & its
Constitutients
Objectives:
• To understand the relevance of Marketing
Environment.
• To discuss the concept of Enviromental Scanning
(SWOT, PEST etc).
5. 4 - 5
Key Environments
• Marketing Environment
– The actors and forces that affect a firm’s
ability to build and maintain successful
relationships with customers.
6. 4 - 6
Key Environments
• Aspects of the marketing environment:
– Microenvironment:
• Actors close to the company
– Macroenvironment
• Larger societal forces
7. • Business Environment of a Firm:
Firm
Internal
Environment
External
Environment
Human Resources
Production
R&D.
Company Location
Financial Capabilities
Company Image
Micro
Environment
Macro
Environment
Suppliers
Marketing
Intermediaries
Customers
Demographic
Legal
Political
Technological
Socio-cultural
Economic
Natural