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Questions and Answers
What is the purpose of creating personas in a digital campaign or website design project?
What is the purpose of creating personas in a digital campaign or website design project?
What is the main objective of search in the digital marketing environment?
What is the main objective of search in the digital marketing environment?
What is the name of the framework used to analyze a company's competitive environment?
What is the name of the framework used to analyze a company's competitive environment?
What is the outcome of using Porter's Five Forces analysis?
What is the outcome of using Porter's Five Forces analysis?
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What is the term used to describe the various digital triggers and influences that affect a customer's decision making?
What is the term used to describe the various digital triggers and influences that affect a customer's decision making?
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What are intermediaries, influencers, and publishers responsible for in the online marketplace?
What are intermediaries, influencers, and publishers responsible for in the online marketplace?
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What type of sites are destination sites and platforms?
What type of sites are destination sites and platforms?
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What is the term used to describe the analysis of a company's competitive environment in the digital context?
What is the term used to describe the analysis of a company's competitive environment in the digital context?
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What is the purpose of creating a SWOT analysis for an organization?
What is the purpose of creating a SWOT analysis for an organization?
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What is the difference between the micro-environment and the macro-environment in a business?
What is the difference between the micro-environment and the macro-environment in a business?
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What is the TOWS technique used for?
What is the TOWS technique used for?
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What is the purpose of a digital channel-specific SWOT analysis?
What is the purpose of a digital channel-specific SWOT analysis?
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What is the significance of the macro-environment in a business?
What is the significance of the macro-environment in a business?
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What is the purpose of a macro-environment analysis?
What is the purpose of a macro-environment analysis?
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Which of the following industries is an example of where a digital micro-environment analysis could be applied?
Which of the following industries is an example of where a digital micro-environment analysis could be applied?
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What is the source of the digital channel-specific SWOT analysis example mentioned in the content?
What is the source of the digital channel-specific SWOT analysis example mentioned in the content?
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What is the biggest concern for consumers in the context of online commerce?
What is the biggest concern for consumers in the context of online commerce?
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What is the purpose of the PESTLE analysis in the digital environment?
What is the purpose of the PESTLE analysis in the digital environment?
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What has globalization allowed for in the context of online commerce?
What has globalization allowed for in the context of online commerce?
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What is Facebook's situation in some countries?
What is Facebook's situation in some countries?
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What is the main advantage of online commerce for society?
What is the main advantage of online commerce for society?
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What is the purpose of the law passed in Australia?
What is the purpose of the law passed in Australia?
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Why do businesses need to abide by laws related to consumer data?
Why do businesses need to abide by laws related to consumer data?
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What has contributed to the development of new marketing strategies?
What has contributed to the development of new marketing strategies?
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What is an important aspect of a brand's digital macro environment analysis?
What is an important aspect of a brand's digital macro environment analysis?
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What is a key consideration when promoting alcoholic drinks on social media?
What is a key consideration when promoting alcoholic drinks on social media?
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Which of the following industries can be used for a digital macro environment analysis?
Which of the following industries can be used for a digital macro environment analysis?
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What is an important aspect of a brand's CSR initiatives?
What is an important aspect of a brand's CSR initiatives?
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What is a key incident related to Blockchain technology?
What is a key incident related to Blockchain technology?
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What is an important aspect of understanding the Blockchain technology?
What is an important aspect of understanding the Blockchain technology?
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What is the primary focus of the Legal aspect in the PESTLE analysis?
What is the primary focus of the Legal aspect in the PESTLE analysis?
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What is the main benefit of understanding sociological factors in the digital environment?
What is the main benefit of understanding sociological factors in the digital environment?
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What is an example of a pricing strategy made possible by the internet?
What is an example of a pricing strategy made possible by the internet?
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What is the primary focus of the Economic aspect in the PESTLE analysis?
What is the primary focus of the Economic aspect in the PESTLE analysis?
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What is the main goal of the Technological aspect in the PESTLE analysis?
What is the main goal of the Technological aspect in the PESTLE analysis?
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What is an example of a dynamic pricing strategy made possible by the internet?
What is an example of a dynamic pricing strategy made possible by the internet?
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What is the main focus of the Sociological aspect in the PESTLE analysis?
What is the main focus of the Sociological aspect in the PESTLE analysis?
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What is a key aspect of the Digital Economy?
What is a key aspect of the Digital Economy?
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Study Notes
Digital Marketing Environment
- The online marketplace consists of customer segments, intermediaries, and destination sites & platforms.
- Understanding the target group's online media consumption, behavior, and digital content preferences is crucial.
- Digital Micro Environmental Analysis is a framework for analyzing a company's competitive environment, similar to Porter's Five Forces.
- Customers interact with digital markets through various touchpoints, such as websites, social media, and blogs.
SWOT Analysis
- SWOT analysis is a tool for identifying strengths, weaknesses, opportunities, and threats.
- TOWS matrix is a digital channel-specific SWOT analysis showing opportunities and threats presented by digital media.
- Considering all internal departments and gathering evidence from colleagues, suppliers, and customers is essential for a comprehensive SWOT analysis.
Macro Environment Analysis
- The macro-environment is outside of a business's control and consists of forces that shape the trading environment.
- Managers must assess changes and determine their relevance to their online business.
- The government has controls in place to monitor and regulate the development of the internet.
- Globalization has allowed for online businesses to market to anyone in the world at any time.
PESTLE Analysis - Digital Environment
Political
- Political factors affect the digital environment, such as international and local laws, including GDPR.
- Social media and search engine platforms popular in local markets may not be the same as in another country.
Economic
- Economic factors affect pricing, such as the use of cookies for remarketing and dynamic pricing based on availability and quantity.
Sociological
- Understanding what's acceptable socially or within a culture is essential for digital marketing, as it creates opportunities and opens new markets.
Technological
- Technological factors involve the technology being used, such as desktop, mobile, tablets, or wearables, and making user journeys easier.
Legal
- Legal factors are crucial in digital strategy implementation, including setting up social media pages, copyright infringement, data protection, and advertising targeting.
Environmental
- Environmental factors involve making positive changes to a brand's environmental standing, which can boost social profile and appeal to the target audience.
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Description
Test your knowledge of the digital marketing environment, including customer segments, online media consumption, and digital content preferences. Learn about Digital Micro Environmental Analysis and how customers interact with digital markets.