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In the outside world many changes
occur all the time. Changes that businesses have to take into consideration when planning
their marketing strategies.
Some examples are:
the birth of strong economic trade blocks, such as
EEC and NAFTA. Protectionism has a negative effect on free trade.
greater buying power, changing of taste and
preference of the consumer.
declining growth and even worse in many branches of
business. In many branches the demand consists mostly of replacement demand.
changes in composition of population such as 'greying' of the western world, other cultures. Demand changes and employment factors.
greater influence of shareholders. Large financial
institutions demand more attention and even influence in corporate policy making.
more influence of international and non governmental
organizations, with regard to environment, employee benefits and so on.
the greater influence of the media on corporate
decision making.
a rapidly changing technology, new products, new
materials and so on.
the collapse of communism, resulting in new markets,
new competitors and new problems.
the rise of new industrial nations, such as South
Korea, Hong Kong, Singapore, Taiwan and so on.
Consider carefully which of these and other factors
have influenced or may come to influence your business.
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