Process of the environmental analysis, Marketing Management

Procedure of the environmental analysis:

Step 1: assess the nature of the environment: it is useful to take a view of the nature of the organization's environment in terms of how uncertain it is. Is it relatively static or does it show signs of the change, and in what ways, and is it simple or complex to comprehend? This helps in deciding what focus of the rest of the analysis is to take.

Step 2: audit, environmental influences: the aim is to identify which of the many different environmental influences have been affected the organization's development or performance in the past it may also be helpful to construct pictures or scenario of possible futures to consider the extent to which strategies might need to change.

Step 3: identify key competitive forces through structural analysis: it aims to identify the key forces at work in the immediate or competitive environment and why they are significant.

Step 4: identify strategic position: it means to analyze the organization's strategic position, how it stands in relation to those other organization's competing for the same resources or customers, as itself. This may be done in number of ways:

1.       Competitor analysis

2.       Strategic group analysis, in terms of the simplifications and dissimilarities of the strategic they follow:

3.       The analysis of the market segments and the market power

4.       Building on growth or share analysis

5.       Attractiveness analysis

Step 5: identify key opportunities and threats: develop and understanding of the opportunities which can be built upon the threats which have to be overcome or circumvented. An understanding which needs to be considered in terms of the resource in terms of the resource base of the organization and which will contribute to strategy choice is very important. 

Posted Date: 9/19/2012 3:59:26 AM | Location : United States







Related Discussions:- Process of the environmental analysis, Assignment Help, Ask Question on Process of the environmental analysis, Get Answer, Expert's Help, Process of the environmental analysis Discussions

Write discussion on Process of the environmental analysis
Your posts are moderated
Related Questions
SCENARIO ?You have created in 2009 a company specialized in marketing research in the European transport industry. Currently you are undertaking the major part of all operations re

Illustrates the total environment in marketing? Marketing is a part of total environment: Total environment may be explained as the combination of all the resources and In

Determine the elements of the marketing mix Promotion is hence one of the elements of the marketing mix and is responsible for communication of the marketing offer to the targe

Question 1: (a) What are the characteristics of a knowledge worker and how do they differ from those of the traditional worker? (b) Using relevant examples, illustrate how

Brand A wareness This is a common of customer knowledge that a particular brand exists. Brand Extension This is a marketing planning that takes the brand n

Evaluating the degree of urinary obstruction: D.P. is a 63-year-old man who has been experiencing progressive difficulty with initiating the urinary stream and frequently need

Question 1: (a) Using examples, differentiate between the terms "micro? marketing environment and "macro" marketing environment? (b) Moutinho (2000) argues that the PESTLE f

What are the different types of advertisement? Nature of Advertisement: Various types of advertisement are given below: a) Informative advertisement b) Persuasive a

Question 1: Determine the Employee Role of Dominance Detailed explanation on ‘Employee Role in Service Designing' Question 2: What is service differentiation?

What pricing strategy would you suggest to a small - Scale Industry Products