Launching a Womens Magazine Assignment Example | Topics and Well Written Essays - 4000 words

Launching a Womens Magazine - Assignment ExampleThe merchandise environment being essentially dynamic, it is essential for the organisation to keep up with the changes (Marketing Environment 2004, p.34). The merchandise environment comprises of forces that are internal and external to its marketing functions. inborn forces are those that are inherent to the organisation and hence, can be controlled by the organisation. External forces have-to doe with the industry as a whole and cannot be controlled by individual organisations. It is imperative for an organisation to predict, recognise, analyse and understand these forces, and strategically plan its marketing activities.Macro-environmental factors include political, economical, social and technological factors along with demographic, cultural and legal factors that affect a marketing environment. Government policies, political stability, legislations, and prevailing domestic politics and international politics are factors that ca n affect the publishing industry. Economic factors of a region greatly influence the purchasing power parity (PPP) of that region. The higher the purchasing power parity in a region, the higher its buying potentiality (Marketing Environment 2004, p.41). The socio-cultural forces refer to the attitudes, beliefs, norms, values and lifestyles of individuals in a society. These forces can present opportunities and pose threats to the magazine sector of the industry. Increasing health challenges can lead to increase sales of healthcare-related literature. Technology shapes needs as well as helps bring down prices. Technology also helps easy distribution of products. Technology has revolutionized advertising, and launching much(prenominal) a superior product as a womens magazine essentially needs promotion with high quality, creative advertisements. Some macro-environmental factors that affect the introduction of a new womens magazine into the market can be cited here. The possible thre at of an EU-wide imposition of VAT on books and magazines can greatly affect the market of a new womens magazine. The Office of Fair Trading has recommended that the distribution of magazines should be opened up to greater competition (PEST analysis n.d., p.17). Under the initiative of The Reading Agency, funded by the Government, the year 2008 was announced as a National Year of Reading to encourage reading among the younger people (PEST analysis n.d., p.18). This is likely to have a significant impact on the market of a new womens magazine, and the possibility has to be thoroughly explored. Publishers rights regarding territories where they are allowed to sell their publications are also factors that have to be looked into while launching a new womens magazine.3. Micro-environmental factorsMicro-environmental factors are those external factors that are close to the company that affect its ability to serve its customers (Marshall n.d.). The micro-environmental factors include mainl y suppliers, marketing intermediaries, competition and customers. Suppliers provide the resources that are needed to produce the products. They form an important link in the value delivery system (Marshall n.d.). Increase in birthday suit material prices will affect the cost of production, which will inevitably lead to an increase in price. This can affect the marketing environment negatively. Maintaining close relationships