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Understanding macro and micro environments

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Presentation on theme: "Understanding macro and micro environments"— Presentation transcript:

1 Understanding macro and micro environments
Unit 1: Marketing Understanding macro and micro environments 26/05/2018

2 Objective Understand how macro and micro environmental factors influence marketing decisions and strategies 26/05/2018

3 Why do we use PESTLE? 26/05/2018 HND/HNC Business

4 Macro environment factors: PESTLE analysis
Q: What does ‘pestle’ stand for? POLITICAL ECONOMICAL SOCIO-ECONOMICAL TECHNOLOGICAL LEGAL ENVIRONMENTAL 26/05/2018

5 Example of application
UNISON case study UNISON info power point 26/05/2018 HND/HNC Business

6 Application to your organisation
You are to choose an organisation and complete a PESTLE analysis You will discuss your research in next weeks session 26/05/2018 HND/HNC Business

7 Exercise 1 With a PESTLE analysis, what kind of information and data would a marketing function be looking at for each of the letter categories? How would this information/data help them? 26/05/2018

8 Further research Course book chapter 4
In particular, read/research the in depth contents of the PESTLE Marketing concepts and strategies; Sally Dibb et al; pages 26/05/2018


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