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school:classes:ba390:start [20 years ago - 2006/01/19 02:46] – aogailschool:classes:ba390:start [19 years ago - 2007/05/28 06:45] (current) – external edit 127.0.0.1
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 ====== BA 390 ====== ====== BA 390 ======
 +
 +  * [[http://www.gamesindustry.biz/content_page.php?aid=14816|Last week's article]]
  
 ====== Week 1 - Intro ====== ====== Week 1 - Intro ======
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     * Help find customers and make sales to them.     * Help find customers and make sales to them.
     * Large resellers have power to dictate terms and shut products out of markets.     * Large resellers have power to dictate terms and shut products out of markets.
- 
   -  Physical Distribution Firms   -  Physical Distribution Firms
     * Help company stock and move goods.     * Help company stock and move goods.
     * Determine best ways to ship, store.     * Determine best ways to ship, store.
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   - Marketing Services   - Marketing Services
     * Marketing research, advertising agencies, media firms, marketing consultants.     * Marketing research, advertising agencies, media firms, marketing consultants.
     * Help target & promote products to the right markets.     * Help target & promote products to the right markets.
- 
   - Financial Intermediaries   - Financial Intermediaries
     * Banks, credit companies, insurance co., etc.     * Banks, credit companies, insurance co., etc.
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     * Workers, managers, volunteers, board of directors.     * Workers, managers, volunteers, board of directors.
     * When employees feel good about co., feeling spreads externally.     * When employees feel good about co., feeling spreads externally.
 +
 +===== Company's Macroenvironment =====
 +
 +Macroenvironment includes larger forces that create opportunities and pose threats to company.
 +
 +==== Demographic Environment ====
 +
 +Demography: "The study of human populations in terms of size, density, location, age, gender, race, occupation, and other statistics.
 +
 +  * Growing global population means growing needs to satisfy.
 +    * May also mean growing market opportunities.
 +
 +=== Changing Age Structure ===
 +
 +  * Most important demographic trend.
 +  * Biggest groups include baby boomers, gen X, gen Y.
 +
 +== Baby Boomers ==
 +
 +  * Post WWII, 78M people born between 1946-64.
 +  * 28% of today's population.
 +  * Earn > half of all personal income.
 +  * Aging boomers create good market for:
 +    * Housing
 +    * Remodeling
 +    * Financial services
 +    * Travel/entertainment
 +    * Eating out
 +    * Health/fitness
 +    * Luxury cars/other luxuries
 +
 +== Generation X ==
 +
 +  * More cautious economic outlook.
 +  * Cynical of easy success promises.
 +  * Respond to honesty in advertising.
 +  * Will overtake boomers by 2010 as primary market.
 +
 +== Generation Y ==
 +
 +  * Currently teenagers.
 +  * Created large kid/teen markets.
 +  * Fluent with computer technology.
 +
 +=== Changing American Family ===
 +
 +  * 32% of households are nonfamily.
 +  * Blah blah stupid people.
 +
 +=== Geographic Population Shifts ===
 +
 +  * Telecommuting on the rise.
 +
 +=== Better-Educated Population ===
 +
 +  * Rising number of educated people.
 +  * Increasing demand for quality products, books, magazines, travel, personal computers.
 +  * Also more white-collar workforce.
 +
 +=== Increasing Diversity ===
 +
 +  * US "salad bowl."
 +
 +==== Economic Environment ====
 +
 +Economic environment: Factors that affect consumer buying power and spending patterns.
 +
 +  * Substinence economy: Country consumes most of its own agricultural and industrial output. (Few market opportunities.)
 +  * Industrial economy: Creates many market opportunities.
 +
 +=== Changes in Income ===
 +
 +  * People are spending more carefully, focused on greater value.
 +  * Marketers look for ways to offer greater value -- perfect combination of quality, good service, fair price.
 +  * Pay attention to income distribution.
 +    * Upper-class consumers:
 +      * Spending not affected by economic conditions.
 +      * Major market for luxury items.
 +    * Middle-class:
 +      * Somewhat careful about spending.
 +      * Affords luxury sometimes.
 +    * Working class:
 +      * Sticks close to basics.
 +      * Tries hard to save.
 +    * Under class:
 +      * Welfare.
 +
 +=== Changing Consumer Spending Patterns ===
 +
 +People's spending patterns shift slightly as income increases.
 +  * Decreased food.
 +  * Decreased utilities.
 +  * Increased entertainment.
 +  * Increased insurance.
 +  * Increased most things.
 +
 +==== Natural Environment ====
 +
 +Natural environment: Natural resources that are needed as inputs by marketers or are affected by marketing activities.
 +
 +Marketers should be aware of several trends:
 +
 +  * Shortage of raw materials.
 +  * Increased population.
 +  * Increased gov't intervention in natural resource management.
 +
 +==== Technological Environment ====
 +
 +**Technological environment**: Forces that create new technologies, products, and market opportunities.
 +
 +  * New technologies replace older ones.
 +  * Companies that do not keep up will find their products replaced.
 +  * Gov't agencies investigate and ban unsafe products.
 +
 +==== Political Environment ====
 +
 +**Political environment**: Laws, gov't agencies, and pressure groups that influence various orgs and individuals in a society.
 +
 +=== Legislation Regulating Business ===
 +
 +  *