Professional Documents
Culture Documents
What is Marketing?
Marketing is the activity creating, communicating, delivering, and exchanging offerings that have value
for customers.
What is Digital Marketing?
Achieving marketing objectives through applying digital media data and technology.
How did digital marketing transform classic marketing?
1. To understand the importance of digital marketing to the future of marketing in general,
it’s helpful to think about what audience interactions we need to understand and
manage.
2. Digital marketing today is about many more types of audience interaction than simply
websites.
3. It involves harnessing the ‘5Ds of managing digital marketing interactions.
4. Marketers need these 5Ds to assess consumer adoption and how our business can
manage them to support marketing goals.
Competitors
Competition Analysis Methods
Types of competitors
Porter 5 Forces
- Threats of New Entries
- Bargaining Power of suppliers
- Bargaining Power of customers
- Threat of substitute products
- Intensity of competition
Suppliers
- Digital Mkt Intermediaries (Firms and agency that help businesses sell and promote )
- Online Intermediaries Sites (online stores or platforms that facilitates exchange between
customers and businesses)
- Destination sites (Information websites owned by the business)
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Chapter 3 – Macro-Environment Analysis
Environmental forces
- Environmental scanning and analysis of the macro-environment are necessary in order that
a company can respond to environmental changes and act on the forces that shape the
trading environment.
Technological forces
- They are arguably the most likely and most important for digital marketers to watch and
assess. Rapid variation in technology requires constant monitoring of adoption of the
technology by customers and competitors and appropriate responses.
- Innovators (2.5%)
- Opinion Leaders (13.5%)
- Early Majority (34%)
- Late Majority (34%)
- Laggards (16%)
Economic forces
- They are considered in this chapter include classic economic factors, i.e. employment,
interest rates and market growth and emerging markets for digital marketers.
Political forces
- It involves the role of governments in promoting e-commerce, but also in trying to restrict it,
which raises the question of democracy and the Internet.( Internet governance, taxation.. )
Legal forces
- It is to be considered by e-commerce managers include privacy and data protection,
distance-selling rules, taxation and brand reputation protection, including domain name
registration and copyright.
Social forces
- It includes variation in usage of the Internet, while ethical issues include the need to
safeguard consumer privacy and security of details. ( demo , culture )