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CONSIST OF BUSINESS ITS SELF AND WHERE MANAGEMENT HAS COMPLETE CONTROL , IT ALSO INCLUDES FACTOES SUCH AS ORGANISATION GOAL, FUNCTIONS OF MANAGEMEMNT AND RESOURCES OF THE BUSINESS

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What are the impacts of macro-environment in an organization?

Micro environmental The microenvironment consists of five components. The first is the organization's internal environment-its several departments and management levels-as it affects marketing management's decision making. The second component includes the marketing channel firms that cooperate to create value: the suppliers and marketing intermediaries (middlemen, physical distribution firms, marketing-service agencies, financial intermediaries). The third component consists of the five types of markets in which the organization can sell: the consumer, producer, reseller, government, and international markets. The fourth component consists of the competitors facing the organization. The fifth component consists of all the publics that have an actual or potential interest in or impact on the organization's ability to achieve its objectives: financial, media, government, citizen action, and local, general, and internal publics. So the microenvironment consists of six forces close to the company that affect its ability to serve its customers: a. The company itself (including departments). b. Suppliers. c. Marketing channel firms (intermediaries). d. Customer markets. e. Competitors. f. Publics. 1. The Company's Microenvironment As discussed earlier the company's microenvironment consists of six forces that affect its ability to serve its customers. Lets discuss these forces in detail: a. The Company The first force is the company itself and the role it plays in the microenvironment. This could be deemed the internal environment. 1). Top management is responsible for setting the company's mission, objectives, broad strategies, and policies. 2). Marketing managers must make decisions within the parameters established by top management. 3). Marketing managers must also work closely with other company departments. Areas such as finance, R & D, purchasing, manufacturing, and accounting all produce better results when aligned by common objectives and goals. 4). All departments must "think consumer" if the firm is to be successful. The goal is to provide superior customer value and satisfaction. b. Suppliers Suppliers are firms and individuals that provide the resources needed by the company and its competitors to produce goods and services. They are an important link in the company's overall customer "value delivery system." 1). One consideration is to watch supply availability (such as supply shortages). 2). Another point of concern is the monitoring of price trends of key inputs. Rising supply costs must be carefully monitored. c. Marketing Intermediaries Marketing intermediaries are firms that help the company to promote, sell, and distribute its goods to final buyers. 1). Resellers are distribution channel firms that help the company find customers or make sales to them. 2). These include wholesalers and retailers who buy and resell merchandise. 3). Resellers often perform important functions more cheaply than the company can perform itself. However, seeking and working with resellers is not easy because of the power that some demand and use. Physical distribution firms help the company to stock and move goods from their points of origin to their destinations. Examples would be warehouses (that store and protect goods before they move to the next destination). Marketing service agencies (such as marketing research firms, advertising agencies, media firms, etc.) help the company target and promote its products. Financial intermediaries (such as banks, credit companies, insurance companies, etc.) help finance transactions and insure against risks. d. Customers The company must study its customer markets closely since each market has its own special characteristics. These markets normally include: 1). Consumer markets (individuals and households that buy goods and services for personal consumption). 2). Business markets (buy goods and services for further processing or for use in their production process). 3). Reseller markets (buy goods and services in order to resell them at a profit). 4). Government markets (agencies that buy goods and services in order to produce public services or transfer them to those that need them). 5). International markets (buyers of all types in foreign countries). e. Competitors Every company faces a wide range of competitors. A company must secure a strategic advantage over competitors by positioning their offerings to be successful in the marketplace. No single competitive strategy is best for all companies. f. Publics A public is any group that has an actual or potential interest in or impact on an organization's ability to achieve its objectives. A company should prepare a marketing plan for all of their major publics as well as their customer markets. Generally, publics can be identified as being: 1). Financial publics--influence the company's ability to obtain funds. 2). Media publics--carry news, features, and editorial opinion. 3). Government publics--take developments into account. 4). Citizen-action publics--a company's decisions are often questioned by consumer organizations. 5). Local publics--includes neighborhood residents and community organizations. 6). General publics--a company must be concerned about the general public's attitude toward its products and services. 7). Internal publics--workers, managers, volunteers, and the board of directors.


Related Questions

What is the meaning of microenvironment?

A microenvironment can be a microscopic cellular environment, a microhabitat in climate, or a business and its contacts. It is bounded by different conditions or competitors.


Who are the major in a company's microenvironment?

supplier


What is microenvironment of e-commerce?

capitalism suplement


Who developed the six components of microenvironment?

The six components of microenvironment were developed by the founder of the marketing discipline, Jerome McCarthy, in his "Basic Marketing" book from the 1960s.


What are the six factors in microenvironment?

the six factors of microenvironment are 1.The Company 2.Suppliers 3.Marketing Intermediaries 4.Customers 5.Competitors 6.Publics


What are the elements of microenvironment?

Despite being a microenvironment, there is a focus on several large elements. These elements include economics, demographics, legal and political issues, the natural environment, cultural and social issues, and technology.


What microenvironment factors affected the introduction?

right this is an easy answer......the answer is ...... GO AND FIND THE ANSWER UT SELF!!!!


What are the four key components of microenvironment?

1-atmosphere 2-hydrosphere 3-biosphere 4-lithosephere


What has the author Dietmar W Siemann written?

Dietmar W. Siemann has written: 'Tumor microenvironment' -- subject(s): Carcinogenesis, Cancer cells


What are the elements role and examples of microenvironment?

The microenvironment consists of factors close to the company that directly impact its ability to serve its customers. Elements include suppliers, customers, competitors, intermediaries, and publics. For example, a supplier providing low-quality materials can negatively affect production, while strong relationships with customers can lead to repeat business.


What has the author Alan PB Dackiw written?

Alan PB Dackiw has written: 'Induction and modulation of monocyte/macrophage tissue factor/fibrin deposition and TNF secretion in the microenvironment of inflammation'


How does the presence of lactic acid in the tumor microenvironment contribute to the progression and development of cancer?

The presence of lactic acid in the tumor microenvironment can contribute to the progression and development of cancer by promoting tumor growth, invasion, and resistance to treatment. Lactic acid can create an acidic environment that helps cancer cells survive and thrive, as well as promote the formation of new blood vessels to supply nutrients to the tumor. Additionally, lactic acid can suppress the immune system's ability to attack cancer cells, making it harder for the body to fight off the disease.

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