The macro-environment

A firm's marketing macro-environment consists of factors that manifest on a large or macro scale. These are typically economic, social or political phenomena. A common means of assessing a firm's macro-environment is via a PEST (,i.e. Political, Economic, Social and Technological) analysis. Within a PEST analysis, a firm would analyse national political issues, culture and climate, key macroeconomic conditions, health and indicators (such as economic growth, inflation, unemployment, etc.), social trends/attitudes, and the nature of technology's impact on its society and the business processes within the society.