Environmental Factors That Affect Global And Domestic Marketing Decisio

Environmental Factors that affect Global and Domestic Marketing DecisionsEvery company planetary or domestic has external factors that exist that eventually have an effect on the companys operations. roughly of these external factors can be controlled entirely a larger portion is uncontrollable and yet they can be managed and or influenced by the company. These specific factors make up the marketing environment in which a company has environmental factors that influence the companys decisions. In this paper, the author will explore the domestic and global environmental factors that could have an force on FedExs marketing decision. The five environmental factors that the author will be discussing are social, economical, technological, competitive, and regulatory.These five environmental factors are discussed at great length in the book entitled Marketing 8th Edition written by Roger A. Kerin, Steven W. Hartley, Eric N. Berkowitz, and William Rudelius. The writers define social fo rces as the demographic characteristics of the population and its values (Kerin & Berkowitz, Hartley & Rudelius, 2006, p. 74). Some of these demographic characteristics can include gender differences, buying patterns of consumers, culture, attitudes, and diversity. Economical factors are defined by the writers as anything that pertains to the income, expenditures, and resources that affect the cost of running a agate line and household (Kerin & Berkowitz, Hartley & Rudelius, 2006, p. 80). The writers also discussed technological factors as inventions or innovations from applied science or engineering research (Kerin & Berkowitz, Hartley & Rudelius, 2006, p. 83). The fourth environmental factor that is discussed in by the writers is competition, which... ...e social, technological, and environmental consideration in order to make them stand out against their competitors. FedEx has developed a three pronged strategy that is centered on a socially conscious marketing plan that limi ts their footprint in the environment. ReferencesGoldbach, Justin. (2008). A Closer Look at Business Education Ethical Globalization. The Aspen Institute condense for Business Education. Retrieved February 27, 2009, from http//www.aspencbe.org/documents/Ethical%20Globalization%202008%20FINAL.pdfFedEx Corporate (2009) Mission Statement. Retrieved February 27, 2009, from URL http//about.fedex.designcdt.com/our_companyKerin, R. & Berkowitz, E, Hartley, S, & Rudelius, W. (2006). Marketing (8th Ed.). New York McGraw-Hill/Irwin Retrieved February 27, 2009, from URL https//ecampus.phoenix.edu/content/eBookLibrary/content/eReader.h