External environment
A marketing plan
floats in a sea of uncontrollable variables as shown in figure 4 below. These include the current economic
environment includes elements such as consumer confidence, unemployment, new
technologies that threaten to displace your own, competitors that suddenly
appear on the horizon, and government regulations brought up by your favorite
controlling or anti-business political party, and changing consumer preferences.
Environment also includes things like famine, flood or natural disasters.
You just can't control these and they can play havoc with your marketing
and promotional plans.
Controllable and uncontrollable forces
in marketing
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This module was developed by Moi University, Department of Economics and Agricultural Resource Management with support from OER Africa and Bill & Mellinda Gates Foundation