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nce sequed tion orure ane - direc nities. the futas som u t r o . y TREND pe of that hp t p i a l s i o t h b s n y a e n r v a u d m of ee d s n provid ntum a m om e
MACROENVI RONMENT forces and tr ends that shape oppor tunities and pose threats . UNCONTROL LABLE
Socio-cultural D e m o g r a p h i c c i m o n Eco
l a c i g o l o Natural Techn Politica l-legal
h t w o r G n o i t a l u p Po
s r e o r m e o r p d m n E y S e l t t e k Lit c o P Six
AS I AN
S LATION POPU
TATS
x i M e g A n o i t a l u p o P
According to United Nations, many East Asian countries have experienced a decline in their Total Fertility Rates in the past 50 years. In the period of 1965-1970, the average family had five or more children. From 2005 to 2010, the average shifted to below 2.1 children per family.
g in in f e d s p u o r g Cohor t 5 moments
School-Age Children !! Have signicant inuence over family purchases Tweens and Teens, Gen Y, Millenials !!Spend billions annually on everything from snacks to clothing to electronics. !!Also inuence billions of family purchases. !!Companies that target this group can have signicant success
Generation X
Seniors !!Heads of households more than 55 years old control about threequarters of the countrys total assets. !!Account for 40 percent of new-car sales and most of the travel spending
Question: How would religion in different countries in Asia impact on the marketing strategies of a firm wishing to enter that country? Give examples using the marketing mix variables.
RELIGION S
I N AS I A
g in s o o h c , g n ti ra a p e s r o g s d More are divorcinsya e e n g f o in y t e rr s a e m v r ti o c r, n te ti la is d g in arr ha ,m yp rru ro ga chm t to oa nE d . ie n rr re a d il M h . s c s n v e r v D e a t h W t S a to S P n o d ti s l n it o te b eh e sa g th uh yin oin ou H btu hd itn wa
n o i t a l u p o P n i s t f i h S Geographical
t n e m n o r i v n E c i m o Econ
: y b d e t c e f f a e r a s e r u it d n e p x e r e m u s n o C y it il b a il a v A it d e r C d n Savings, Debt a
t n e m n o r i v n E l a r u t l Social-Cu
and norms
that define
taste
The people l iving in a pa r ticular socie many core b ty hold eliefs and v alues that t per sis t. end to Core beliefs and values are passed fr om paren on ts to c hild ren and a reinforced by re major social institutions. Secondar y b eliefs and v alues are m open to chan or e ge. Mar keter s have some chance of changing se condar y val ues but lit chance of ch tle anging core values.
CORE VALUE S
s e u l a V e r Asian Co
Respect for elders-filial piety Confucian ethics Importance of the family Extended
!! the core of Filipino psychology, it is humaneness at the highest level !! implies unique moral obligation to treat one another as equal fellow human beings
Pakikisama
DEEPEST LEVEL OF INVOLVEMENT WITH ANOTHER PERSON STILL CONSIDERED AN OUTSIDER (IBANG TAO)
Characteristic tendencies of this trait are giving in to another persons wish, demands, wants or desires The motive for this could be politeness or expectation of future concessions or immediate rewards
g n i g r e m e s e u l a v d e r a h s . s h t e i c w n s a t p s u o m r u g rc i E c r R o U T s L e U c n C e B i r U e S p x e e f i l l a i c e from their sp
NATURAL EN VIRONMENT The deteriora tion of the environment is a major global conce rn.
n i a t r e c t i h e v a h s n o i t a l u g e r w Ne d r a h y r e v industries
The entrepre neurs should monitor the following tre nds in techn ology: Accelerating pace of chan ge Unlimited op por tunities f or innovation Increased re gulation of technologica l change
l a g e L l a c i Polit
INCREASE IN BUSINESS L EGISLATION Competitive Behavior Product Stan dards Counter feitin g ETC . . . But can also be positive