Explore BrainMass
Share

Business Analysis: Different Macro-Environments

This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

Analyze and explain the different macro-environments. Describe how these macro-environments will impact the demand for the Green Motorcar Company car.
In addition, analyze the key factors in the macro-environments that the Green Motorcar Company must monitor to be prepared for changes that will impact the size of its target market. Would the company need to give more importance to any of the factors in the macro-environment more than the others? Why?

Select a target market segment for your initial launch of the car. Describe why you think this target segment is most appropriate for your car.
Once you have selected the target market, discuss how you will create a marketing information system to monitor that segment. How will it monitor external factors in the business environment that will influence demand for the car? How will it enable Green Motorcar Company to more quickly respond to the changes in demands driven by changes in the business environment?

Response includes discussion of these areas:

i) Political
ii) Legal
iii) Technological
iv) Natural environment
v) Demographic
vi) Social conditions

808 words, two references

© BrainMass Inc. brainmass.com March 21, 2019, 8:49 pm ad1c9bdddf
https://brainmass.com/business/strategy-and-business-analysis/business-analysis-different-macro-environments-349818

Solution Preview

Analyze and explain the different macro environments. Describe how these macro environments will impact the demand for the Green Motorcar Company car.

-Start by defining what a macro environment is-The Macro environment includes all factors that influence an organization but are out of its direct control.
- After defining this, state the different macro environments that exist. These are also closely related to the macro-environment factors that will be seen in the next section:
i) Political
ii) Legal
iii) Technological
iv) Natural environment
v) Demographic
vi) Social conditions

In addition, analyze the key factors in the macro environments that the Green Motorcar Company must monitor to be prepared for changes that will impact the size of its target market. Would the company need to give more importance to any of the factors in the macro environment more than the others? Why?

- These are normally within what is known as the PESTEL analysis
i) Political environment/factors - These refer to government policy such as the degree of intervention in the economy. What goods and services does a government want to provide? To what extent does it believe in subsidizing firms?
ii) Economic environment/factors - These include interest rates, taxation changes, economic growth, inflation and exchange rates. As you ...

Solution Summary

This solution provides a detailed discussion of the given topics for a business assignment.

$2.19