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Lecture Basic Marketing: A global managerial approach - Chapter 3: The changing marketing environment

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When you finish this chapter, you should: Know why company objectives are important in guiding strategic market planning, see how the resources of a firm affect the search for opportunities, know the variables that shape the environment of strategic market planning, know how the different kinds of competitive situations affect strategic planning.

Trang 1

  

The Changing Marketing

Environment

Trang 2

The Importance of Objectives

Setting Company

Objectives

Provide Guidelines

Coordinate Effort

Lead to Marketing

Objectives

Be Explicit

Trang 3

A Hierarchy of Objectives

R&D Objectives

HR Objectives

Marketing Objectives

Finance Objectives

Production

Objectives

Company Objectives

Sales Promotion Objectives

Mass Selling Objectives

Personal Selling Objectives

Price Objectives

Promotion Objectives

Place Objectives Product

Objectives

Trang 4

Limits on Opportunity Search

Marketing Strengths

Producing Capability

and Flexibility

Producing Capability

and Flexibility

Financial Strength

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Trang 5

The Competitive Environment

Information on Competitors

Competitive Barriers Competitive Rivals Competitor Analysis

Kinds of Markets

Key Concepts

in the Competitive

Environment

Trang 6

The Economic and

Technological Environment

Interest Rates

Key Economic Forces

Trang 7

The Impact of Technology

 Technology is the application of science to 

convert an economy’s resources to output

 Technology impacts marketing both 

through opportunities for new products and  new ways (processes) for handling 

marketing functions

 Example:  consider the Internet

 Products:  software for computer users

 Process: selling from a Web site

Trang 8

The Political and Legal Environment

Regional Groupings

Regional Groupings

Characteristics

of the Political Environment

Trang 9

The Cultural and Social Environment

Cultural Trend:

The Changing Roles of Women

Cultural Trend:

The Changing Roles of Women

Time Poverty

Economic Power

Career Opportunity

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