Podcast
Questions and Answers
What is a key characteristic of Generation Y in relation to work?
What is a key characteristic of Generation Y in relation to work?
- Desire for a good work environment and personal development (correct)
- Focus on financial compensation only
- Indifference to employer branding
- Preference for rigid work schedules
How does Generation Z primarily interact with technology?
How does Generation Z primarily interact with technology?
- Solely using desktop computers
- Through traditional media formats
- They are fluent and comfortable with digital technologies (correct)
- With limited exposure to digital devices
What risk is associated with promoting an employer's attractiveness?
What risk is associated with promoting an employer's attractiveness?
- Reducing employee turnover
- Increased employer brand loyalty
- Attracting only low-skilled applicants
- The risk of over-promising (correct)
What do many co-workers believe about their employer's brand image?
What do many co-workers believe about their employer's brand image?
What major shift in society is creating challenges for companies?
What major shift in society is creating challenges for companies?
How does Generation Y manage their personal branding?
How does Generation Y manage their personal branding?
What is a common misconception about the differences between generations?
What is a common misconception about the differences between generations?
Which characteristic is emphasized among Generation Z?
Which characteristic is emphasized among Generation Z?
What is the primary reason companies need to monitor the macro-environment?
What is the primary reason companies need to monitor the macro-environment?
Which of the following is considered a significant demographic change?
Which of the following is considered a significant demographic change?
What effect does a local bookstore closing reflect, based on macro-environment influences?
What effect does a local bookstore closing reflect, based on macro-environment influences?
What is demography mainly concerned with?
What is demography mainly concerned with?
What contributed to the revitalization of city centres in the 1990s?
What contributed to the revitalization of city centres in the 1990s?
How is the world's population expected to change by 2100?
How is the world's population expected to change by 2100?
How have consumer attitudes changed due to digitization?
How have consumer attitudes changed due to digitization?
What phenomenon is referred to as the 'six-pocket syndrome' in Chinese families?
What phenomenon is referred to as the 'six-pocket syndrome' in Chinese families?
Which job role exemplifies the increasing need for computer skills in blue-collar jobs?
Which job role exemplifies the increasing need for computer skills in blue-collar jobs?
What does keeping an eye on the macro-environment help companies achieve?
What does keeping an eye on the macro-environment help companies achieve?
What impact did new systems have on the workforce at a lift manufacturer?
What impact did new systems have on the workforce at a lift manufacturer?
Which statement best reflects the characteristics of the United States regarding diversity?
Which statement best reflects the characteristics of the United States regarding diversity?
What opportunity does the growing global population present to marketers?
What opportunity does the growing global population present to marketers?
What is a potential consequence of increased pressure on efficiency and profitability in blue-collar jobs?
What is a potential consequence of increased pressure on efficiency and profitability in blue-collar jobs?
What factor increased the attractiveness of city centres during their revitalization?
What factor increased the attractiveness of city centres during their revitalization?
Which country is described as having a fairly homogenous ethnic and racial makeup?
Which country is described as having a fairly homogenous ethnic and racial makeup?
What is a major challenge companies may face when sourcing from countries with increased living standards?
What is a major challenge companies may face when sourcing from countries with increased living standards?
What is meant by 'ecological environment' in a marketing context?
What is meant by 'ecological environment' in a marketing context?
Which of the following is considered a key sustainability issue in today's society?
Which of the following is considered a key sustainability issue in today's society?
Why are companies urged to develop environmentally sustainable strategies?
Why are companies urged to develop environmentally sustainable strategies?
What are educated and informed consumers expecting from companies regarding sustainability?
What are educated and informed consumers expecting from companies regarding sustainability?
How should companies rethink their operational strategies according to current sustainability concerns?
How should companies rethink their operational strategies according to current sustainability concerns?
Which area is NOT mentioned as being affected by sustainability issues?
Which area is NOT mentioned as being affected by sustainability issues?
What do organizations need to consider when choosing suppliers in relation to sustainability?
What do organizations need to consider when choosing suppliers in relation to sustainability?
What percentage of Apple's total revenues does the Mac Pro contribute?
What percentage of Apple's total revenues does the Mac Pro contribute?
Which emotions should marketers be cautious about appealing to when promoting products?
Which emotions should marketers be cautious about appealing to when promoting products?
What recent realization do people have regarding nature?
What recent realization do people have regarding nature?
Why should companies be proactive instead of reactive to the marketing environment?
Why should companies be proactive instead of reactive to the marketing environment?
What market is expanding due to the renewed appreciation for natural products?
What market is expanding due to the renewed appreciation for natural products?
What can happen if companies compromise on sustainability promises?
What can happen if companies compromise on sustainability promises?
What is one characteristic of companies that merely react to the marketing environment?
What is one characteristic of companies that merely react to the marketing environment?
Which company's product exemplifies the 'Made in America' push but lacks significant revenue impact?
Which company's product exemplifies the 'Made in America' push but lacks significant revenue impact?
What is the primary impact of the cultural environment on individuals?
What is the primary impact of the cultural environment on individuals?
Which type of beliefs are generally harder to change according to the content?
Which type of beliefs are generally harder to change according to the content?
What is an example of a secondary belief as described in the content?
What is an example of a secondary belief as described in the content?
What mechanism reinforces core beliefs and values in society?
What mechanism reinforces core beliefs and values in society?
Which of the following is NOT characterized as a cultural characteristic affecting marketing?
Which of the following is NOT characterized as a cultural characteristic affecting marketing?
In terms of cultural influences, popular music groups and film stars primarily impact which aspects of youth behavior?
In terms of cultural influences, popular music groups and film stars primarily impact which aspects of youth behavior?
How do marketers attempt to influence secondary values according to the content?
How do marketers attempt to influence secondary values according to the content?
What makes it likely for individuals to adopt new political beliefs?
What makes it likely for individuals to adopt new political beliefs?
Flashcards
Macro-environment
Macro-environment
Macro trends that impact many businesses, like economic shifts or sustainability awareness.
Demography
Demography
The study of human populations, including size, location, age, and more.
Demographic changes
Demographic changes
Changes in the makeup of a population, such as changes in age distribution.
Six-pocket syndrome
Six-pocket syndrome
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Macro-environment scanning
Macro-environment scanning
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Digitization impact on businesses
Digitization impact on businesses
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Changing age structure of the population
Changing age structure of the population
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Importance of macro-environmental awareness
Importance of macro-environmental awareness
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Generation Y
Generation Y
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Personal branding
Personal branding
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Generation Z
Generation Z
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Strategic recruiting
Strategic recruiting
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Employer brand image
Employer brand image
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Young Consumers' Impact
Young Consumers' Impact
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Digital Fluency
Digital Fluency
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City Centre Revitalization in the 1990s
City Centre Revitalization in the 1990s
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Growing Consumer Power
Growing Consumer Power
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The Rise of the White-Collar Workforce
The Rise of the White-Collar Workforce
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Technology's Impact on Blue-Collar Jobs
Technology's Impact on Blue-Collar Jobs
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Job Mobility for Skilled Blue-Collar Workers
Job Mobility for Skilled Blue-Collar Workers
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Ethnic and Racial Diversity in Societies
Ethnic and Racial Diversity in Societies
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The United States as a "Melting Pot"
The United States as a "Melting Pot"
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Importance of Diversity in the Macro-environment
Importance of Diversity in the Macro-environment
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Ecological Environment
Ecological Environment
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Environmental Sustainability
Environmental Sustainability
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Climate Change and Pollution
Climate Change and Pollution
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Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR)
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Sustainable Business Practices
Sustainable Business Practices
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Consumer and Stakeholder Expectations
Consumer and Stakeholder Expectations
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Sustainability Challenges for Businesses
Sustainability Challenges for Businesses
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Rethinking Business Models
Rethinking Business Models
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Cultural Environment
Cultural Environment
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Core Beliefs and Values
Core Beliefs and Values
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Secondary Beliefs and Values
Secondary Beliefs and Values
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Cultural Swings
Cultural Swings
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Impact of Cultural Environment on Marketing
Impact of Cultural Environment on Marketing
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Marketing and Cultural Values
Marketing and Cultural Values
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Changing Core Beliefs
Changing Core Beliefs
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Marketers and Cultural Shifts
Marketers and Cultural Shifts
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Eco-conscious Consumerism
Eco-conscious Consumerism
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Proactive Marketing Approach
Proactive Marketing Approach
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Reactive Marketing Approach
Reactive Marketing Approach
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Human-Nature Relationship
Human-Nature Relationship
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Finite and Fragile Nature
Finite and Fragile Nature
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Mastery Over Nature
Mastery Over Nature
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Ethical Product Stewardship
Ethical Product Stewardship
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Study Notes
Chapter 3 - Analyzing the Marketing Environment
- Mini Contents:
- Company case - Philips: analyzing the marketing environment in the Middle East
- The marketing environment
- Company's micro-environment
- Company's macro-environment
- Company case - Flying in the future? Business travellers, punctuality and environmental impact
- Real Marketing - Unilever's Knorr: ways toward a sustainable future
- The Western world dominates consumption and culture spheres - but for how long?
- Responding to the marketing environment: proactive and reactive attitudes
- Real Marketing - In the social media age: when the dialogue gets nasty
- Chapter Preview:
- Chapters 1 and 2 covered marketing concepts and steps in the marketing process.
- This chapter explains that marketing operates in a complex and changing environment.
- Other actors (suppliers, intermediaries, customers, competitors, publics) work with or against the company
- Major environmental forces (demographic, economic, ecological, technological, political, and cultural) shape marketing opportunities, pose threats, and affect the company's ability to build customer relationships.
- Learning Objectives:
- Describe environmental forces affecting a firm's ability to serve customers.
- Explain how demographic and economic changes affect marketing decisions.
- Identify major trends in a firm's ecological and technological environments.
- Explain key changes in political and cultural environments.
- Discuss how companies can react to the marketing environment.
- Company Case - Philips:
- Philips, a global electronics company, was founded in 1891.
- Initially focused on manufacturing lamps, it expanded into other areas.
- Now employs 113,687 people worldwide.
- Philips realized that assessing multiple factors for change is vital for understanding the current and future of shifts in the marketing environment.
- In 2014, Philips announced separating its healthcare and lighting business into two new companies (Philips Healthcare and Lighting) to better tailor to specific customer segments and leverage their brand.
- Further Considerations:
- Marketing environment has multiple factors affecting it, including macroeconomic factors like inflation and GDP, which influence construction and the number of lighting installations.
- Energy efficiency regulations and future lighting product portfolios are also important factors to consider.
- Demographic analysis is crucial for identifying attractive markets, considering GDP per capita and population size.
- The marketing environment also includes the actions of various publics such as financial publics, media publics, government publics, and internal publics.
- Customers (consumer, business, reseller and government market) are major actors in the microenvironment.
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Description
Explore the various characteristics and behaviors of Generation Y and Generation Z in relation to work and technology. This quiz delves into how these generations approach personal branding, employer attractiveness, and the implications of demographic changes on society and businesses.