Preview

Micro / Macro Environment

Good Essays
Open Document
Open Document
886 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Micro / Macro Environment
Micro Macro

A company 's marketing environment is made up of the ACTORS AND FORCES outside marketing that affect marketing management 's ability to build and maintain successful RELATIONSHIPS with target customers.
The marketing environment is made up of the micro environment and the macro environment.

The micro environment consists of the ACTORS CLOSE to the company that affect its ability to serve its customers - the company, suppliers, marketing intermediaries, customer markets, competitors and publics. The macro environment consists of BROADER FORCES that effect the actors in the microenvironment.

Micro environment

2.1 The Company

Top Management – sets Company’s mission, objectives, broad strategies and policies
Departments - finance, operations, marketing, human resources, purchasing, R&D etc.
All must work together, in an integrated approach and think “consumer”

2.2Customers
According to Oxford Dictionary, a customer is who buys goods or services from a shop or business. In other words, he or she someone who makes uses of or receives the products or services of an individual or organisation. Meeting Customers ' demand or requirements is vital to an organisation 's survival in competitive industry.

2.3Suppliers
Suppliers may refer to manufacturer, distributor, wholesaler, dealership and merchant in supplying products whether they are finished goods or work-in-progress to an organisation for further production or to be sold to its end-users.

TCCC provides guides to the suppliers known as Supplier Guiding Principles. Supplier Guiding Principles utilised to ensure the suppliers follow the rules and regulations set by TCCC. Rules and regulations are focusing on good corporate citizenship that TCCC 's suppliers should apply.
2.4 Competitors a competitor is an organisation engaged in commercial or economic competition with others. In other words, Competitors are organisations that sell homogenous products as the concerned

You May Also Find These Documents Helpful

  • Powerful Essays

    The suppliers would also want that they are being treated fairly by the business when making transactions.…

    • 3737 Words
    • 15 Pages
    Powerful Essays
  • Satisfactory Essays

    assignment 1

    • 420 Words
    • 2 Pages

    Suppliers – want steady orders and prompt payment. They also want to feel valued by the company that they supply.…

    • 420 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Avion Case

    • 945 Words
    • 3 Pages

    To maintain a smooth flow of material, it is the supplier’s responsibility to comply with the buyer’s requirements and standards, and provide the correct quality and quantity of product and service in a timely manner. On the buyer’s end, responsibilities include: to work internally within organization to determine organizational needs, to develop requirements and standards for the supplier, to select the right supplier, to comply with the supplier’s requirements (making on-time payment etc.), and to overlook the supplier’s performance.…

    • 945 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    chapter 1

    • 2560 Words
    • 11 Pages

    A customer includes any person or group, both inside and outside an organization, which uses or consumes outputs from an organization or its members.…

    • 2560 Words
    • 11 Pages
    Satisfactory Essays
  • Best Essays

    Aldi in Australia - 1

    • 2780 Words
    • 12 Pages

    As Kotler and Keller stated (2011, p.34), marketing microenvironment refers to forces which are close to a company and have an impact, positively or negatively, on its customers. It consists of the company, suppliers, marketing intermediaries, customers, competitors and publics.…

    • 2780 Words
    • 12 Pages
    Best Essays
  • Good Essays

    Mkt 220 Test One Review

    • 2104 Words
    • 9 Pages

    Marketing Environment – the competitive, economic, political, legal and regulatory, technological, and sociocultural forces that surround the customer and affect the marketing mix.…

    • 2104 Words
    • 9 Pages
    Good Essays
  • Good Essays

    Stakeholders of Tesco

    • 495 Words
    • 2 Pages

    A customer is An individual or business that purchases the goods or services produced by a business.…

    • 495 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Customers: Customers are also known as buyer, client or purchaser of a good, service or product. Customers usually buy products or services from Tesco. Customers want Tesco to produce high quality products. The…

    • 1122 Words
    • 5 Pages
    Good Essays
  • Good Essays

    unit 1 p2

    • 899 Words
    • 4 Pages

    Customers are the people who come to a business for goods/services they want. This is not always for payment. The customer can be another business or an individual. Customers expect the basics from the business which are Value for money, product quality etc.…

    • 899 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Nissan case study

    • 1789 Words
    • 8 Pages

    Supplier development is considered as a key aspect in the design and development stage of production, its basically a Co-development activity between supplier and customer. “Co-development processes are an instrument used in several industries to gain a competitive advantage and to reduce development costs” ( Fliess, 2008)…

    • 1789 Words
    • 8 Pages
    Good Essays
  • Better Essays

    The competitive environment consists of certain basic things which every firm has to take note of. No company, howsoever large it may be, enjoys monopoly. In the original business world a company encounters various forms of competition. The most common competition which a company’s product now faces is from differentiated products of other companies.…

    • 2192 Words
    • 9 Pages
    Better Essays
  • Powerful Essays

    Suppliers are trading companies and individuals who provide companies and competitors the source of materials needed to produce specific goods or certain services.…

    • 2286 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Operational Definition

    • 400 Words
    • 2 Pages

    Competitors: are the organizations that produce the same product and try to gain more loyalty from customers.…

    • 400 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Suppliers – They want steady orders and prompt payment. They also want to feel valued by the company that they supply. Suppliers are external to the business.…

    • 686 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Customers are anyone who buys or rents from the company. Customer are the most important microenvironmental factor that affect company as they survive on meeting the wants and needs of the customer and failure to do so will result in the company failing. Toyota study their customers and saw that they wanted a car with better fuel consumption and as a result Toyota decided to make the Prius, their first hybrid car.…

    • 1582 Words
    • 7 Pages
    Powerful Essays

Related Topics