Every organization exists in its business environment. There are things that the firm can control, like how they deal with competition and their workforce, but there are things out of their control that they will need to adjust to. This topic covers how firms can learn about their marketing environment and plan accordingly to deal with the possible opportunities and threats that are on their way.
The Marketing Environment and Macro Factors That Affect Businesses
PESTIL Analysis Overview
Immediate Environment
Macro Factors – Economic
Macro Factors – Legal
Marco Factors – Social
Macro Factors – Natural
Macro Factors – Cultural
Macro Factors – Demographic
Macro Factors – International
Macro Factors – Technological
Competitive Strategies
Porter’s 5 Competitive Forces
GE Mckenzie Matrix
Industry Key Success Factors
Typical Industry Key Success Factors
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