Understanding the Marketing Environment
Understanding the Marketing Environment
It consists of the participants and the external forces affecting those activities.
the ability of management to establish and maintain successful relationships with customers
meta.
MICROENVIRONMENT
It consists of the participants close to the company that affect its capacity.
to serve its customers, including the company itself, suppliers, the intermediaries of
According to Kotler and Armstrong, 'The microenvironment includes all participants close to the
companies that affect, either positively or negatively, their ability to establish the
relationships with their clients and consumers and create value for them.
1.1. Company:
In the design of its plans, management takes into account other groups in the company.
such as top management, finance, research and development, all these groups
interrelated form the internal environment. Senior management establishes the mission, the
They make decisions according to the strategies and plans designed by senior management.
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the company to the customer. They provide the resources that the company needs to produce its goods
also of the costs. The scarcity of supplies or delays in delivery, natural disasters and
other events can affect costs in terms of short-term sales and harm
Marketing intermediaries help the company to promote, sell, and distribute its
Distributors:
They are companies in the distribution channel that help the company locate customers or to
sell them, among them are wholesalers and retailers, who buy and resell the
merchandise.
They help the company store and transport goods from a point of origin to their destination.
destination.
These include banks, credit companies, insurance firms, and other businesses that
they help finance transactions or insure against the risks associated with the purchase and
sale of goods.
1.4. Competitors:
The concept of marketing states that to be successful, a company must offer more
value and satisfaction to their customers than their competitors. Thus, marketers must do
something more than just adapting to the needs of target consumers. They have to
achieve, moreover, a strategic advantage by positioning its offers more strongly than the
Marketing is better in itself for all companies. Every company should take into account
it accounts for its size and position in the industry, in relation to competitors. The large
Clients
Customers are the most important in the company's microenvironment. The objective of
Every value transfer network consists of attracting target customers and creating relationships.
solid of them.
The company could cater to one or all five types of customer markets.
1.5.1. Consumer markets: They consist of individuals and households that purchase.
1.5.2. Business markets acquire goods and services: For their processing
change of a profit.
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1.5.4. Public sector markets: They are formed by government agencies that
they buy goods and services to provide public services or to transfer them to those who do
they need.
Each type of market has special characteristics that the seller must study with
careful.
1.6. Public:
It is a group of individuals who have a real or potential interest or impact on the ability to
1.6.1. Financial publics: This group influences the company's ability to obtain
funds. Banks, investment analysts, and shareholders are the main audiences.
financial.
journalistic pieces and editorial opinions. It includes newspapers, magazines, and stations
1.6.3. Government audiences: Management must take into account the projects of
about matters such as product safety and the truthfulness of advertising, among others.
minorities and others. Their public relations department would help you stay in contact
community. Large companies usually create departments and programs that solve
situations with the local community that provide support to the community in general.
1.6.6. General public: Companies must take an interest in the attitudes that the
general public towards its products and activities. The image that the public has of the
1.6.7. Internal audiences: This group includes workers, managers, volunteers, and the
board of directors. Large companies use newsletters and other means to inform and
2. MACROENVIRONMENT
External and uncontrollable forces by the company. To analyze them, we need to have
account.
density, location, age, gender, race, occupation and other statistical data. The environment
humans, and they make up the markets. The world population is growing at a rate
millions for the year 2030.6 The enormous and diverse population of the world poses both
opportunities as challenges.
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Marketers require purchasing power and customers. The economic environment consists of
consumers. Marketers must pay close attention to the main trends and to
the spending patterns of consumers, within their markets and in their markets
worldwide.
According to the authors Kotler and Armstrong, "The economic environment can pose both
opportunities as threats.
The natural environment encompasses the natural resources that marketers need such as
grown at a constant rate over the past three decades. In many cities around the world
air and water pollution has reached dangerous levels. The concern
The technological environment is perhaps the most powerful force determining our
destination.
Forces that develop new technologies, thus creating new products and
market opportunities. It has generated combined benefits such as the automobile, the
television and credit cards. Our attitude towards technology depends on whether we
are more impressive for their wonders or their errors. New technologies can offer
political environment. The political environment consists of laws, government institutions and
The cultural environment is made up of the institutions and other forces that influence.
According to the Authors Kotler and Armstrong, 'Cultural factors affect in a way'