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A useful framework for performing a situation analysis is the 5 C Analysis. The 5C analysis is an environmental scan on five key areas especially applicable to marketing decisions.
It covers the internal, the micro-environmental, and the macro-environmental situation. The 5 C analysis is an extension of the 3 C analysis company, customers, and competitors , to which some marketers added the 4th C of collaborators.
The further addition of a macro-environmental analysis climate results in a 5 C analysis, some aspects of which are outlined below. Economic environment - business cycle, inflation rate, interest rates, and other macroeconomic issues.
Technological environment - new knowledge that makes possible new ways of satisfying needs; the impact of technology on the demand for existing products.
The analysis of the these four external "climate" factors often is referred to as a PEST analysis.
Customer and competitor information specifically oriented toward marketing decisions can be found in market research reports, which provide a market analysis for a particular industry.
For foreign markets, country reports can be used as a general information source for the macro-environment.
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