Essence of the Session Plan 3-4 Understanding Marketing Environment - Environment as Marketing Decision Influencer - Elements of Business environment Mahindra Case & Examples Readings : Text 9/3/20XX Presentation Title 1 Holistic Marketing Dimensions A look at the marketing environment The Typical Strategic-Planning Process The Indian economy Substantial increase in buying power The New Economy-I A greater variety of goods and services A greater amount of information about practically anything A greater ease in interacting and placing and receiving orders An ability to compare notes on products and services Ability to access and share information Companies can collect fuller and richer information about markets, customers, prospects and competitors. The New Economy-II Companies can facilitate and speed up communications among employees. Companies can have 2-way communication with customers and prospects MARKETS & MARKETING Can We Sustain? technology Homo Sepians >>> Homo Virtualis ( !!) The Technological Environment Accelerating pace of change Varying R&D budgets Increased regulation of technological change Political, Economic, & SOCIAL OBVIOUS????!!!!!!! Marketing Environment 06 Session Outcome & Milestones