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Marketing environment

Actors and forces that affects a business capability to

operate, build and maintain profitable relationship


with its customers
Microenvironment

Elements that can be directly controlled and influenced by the


business

Macro environment

Larger outside forces that affect a business but cannot be


controlled

Microenvironment
Company
Suppliers
Marketing intermediaries
Competitors
Publics
customers

Types of publics
Financial publics
Media publics
Govt publics
Citizen action
Local publics
General publics
Internal publics

Macro environment
Demographics
Economical
Natural
Technological
Political
Cultural
Environmental

Factors affecting consumer behavior


Culture
Personal
Social
Psychological

Culture
Set of values, wants and behavior learned by a

consumer from others


Subculture

Each culture has further smaller cultures operating within


them

Personal
Family
Role and status
Age or life cycle
Occupation
Economic situation

Social factors
Social class
Groups
Opinion leaders
Word of mouth
Buzz marketing

Psychological factors
Motive (reason)
Perception

Ability to select, organize and interpret information

Maslow's hierarchy of needs


Learning, belief and attitudes

Types of buying decision behavior


Complex buying behavior
Dissonance reducing buying behavior
Habitual buying behavior
Variety seeking buying behavior

New Product and Stages in Adaptation


What is a new Product?
Awareness
Interest
Evaluation
Trial
Adoption

Basis for segmentation


Demographic

Age
Gender
Income
Occupation
education

Geographic

Division on the basis of geographic location

Psychographic

Personality, values, opinions, attitudes, interests, and lifestyles

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