What do you understand by the term marketing environment? Describe how a company may control and/or adapt to its marketing environment so as to develop an efficient strategy. Give suitable examples.

No transcription operates in a vacuum. All businesses ar touch by laws, pressure groups, customers and competitors. These are detonate of the merchandise purlieu that the organisation works within. Dealing with this purlieu is a major(ip) part of the marketers work since merchandise is an interface between the organisation and the extraneous world, meaning that the marketing policy of whatever devoted should be viewed as operating within a quickly changing environs. If a comp either is to meet its goals, these external factors moldiness be monitored and responded to. All companies, no matter where they are situated, are budge by circumstances beyond their control. These include factors such as climate, technology, interest rates and suppliers. This is what is known as the marketing surroundings which consists of the internal and external purlieu. The internal purlieu is interested with those marketing factors which occur within the organisation, while the extern al environment is touch on with everything that happens outside the organisation. The external environment can then be broken down into the micro and macro environment. The micro environment consists of those factors close to the organisation and the macro consists of those common to society as a whole.

A useful way of looking at the external environment is through the PEST analysis, which goes about analysing the socio-cultural, technological, deflower and political environment. These factors all affect the company itself, to avoid any problems and possibly increase profit, a company needs to be proactive in order to keep up with these e nvironmental changes. When a company is proa! ctive, managers look for ways to change the organisations environment in the belief that many environmental factors can be controlled or influenced in some way. A company may be proactive in its socio-cultural environment by analysing the management in which society is headed and so prepare... If you want to get a full essay, order it on our website: BestEssayCheap.com

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