Understanding the marketplace and customer needs and wants
First step in the marketing process
MICROENVIRONMENT- actors close to the company Firms that help the company Customers are the most important topromote, sell, and distribute its actors in the companys goods to final buyers. They include: microenvironent. The aim of the Resellers entire value delivery system is to Physical distribution firms serve target customers and create Marketers must gain strategic Marketing services agencies strong relationships with them advantage by positioning their Financial intermediaries offerings strongly against the competitors offerings in the minds In creating value for customers, of consumers. marketers must partner with other firms in the companys value delivery network Any group that has an actual or potential interest in or impact on an organizations ability to achieve its Marketers must work in harmony objectives. Seven types: with other departments to create Financial publics customer value and relationships. Media publics They set the mission, objectives, Government publics broad strategies and policies. Citizen-action publics Local publics General publics Internal publics MACROENVIRONMENT- larger societal force The physical environment and the natural resources that are needed as inputs by marketers or that are affected by marketing activities. Forces that create new Today, maketers are developing technologies, creating strategies and practices that new product and market support environmental oppurtunities. sustainability. Laws, government agencies, and Economic factors that affect pressure groups that influence consumer purchasing power and limit various organizations and spending power. and individuals in a given society. Industrial economies Socially Responsible Behavior Subsistence economics Cause related marketing Developing economies
Institutions and other forces
The study of human that affect societys basic populations in terms of size, values,perceptions,preferen density, location, age, gender, -ces,and behaviors. race, occupation, and other statistics.