Development of Entrepreneurial Marketing: A Theory-Based Qualitative Analysis
DOI:
https://doi.org/10.54097/hbem.v2i.2384Keywords:
Entrepreneurial marketing; Traditional marketing; Small and medium enterprises.Abstract
Marketing today is more complex than ever before, with companies facing challenges such as market segmentation, saturation and the daily storm of “novelty” sweeping the market. Traditional marketing models are less adaptable to the new competition arising in the market, while entrepreneurial marketing integrates elements of both marketing and entrepreneurial management, making it more adaptable and at the same time enabling companies to better seize new opportunities and thus less likely to be eliminated and mobilize resources in a dominant market position. Entrepreneurial marketing has evolved rapidly in the past decade, but scholars have held different views on the definition of EM. . In this regard, the purpose of this paper is to analyze the development, application, dimensions and differences between entrepreneurial marketing theory and traditional marketing based on previous studies, and to discuss the significance of EM for the development of SMEs.
Downloads
References
Stokes D. Putting entrepreneurship into marketing: the processes of entrepreneurial marketing. Journal of research in marketing and entrepreneurship, 2000.
Morris M H, Schindehutte M, LaForge R W. Entrepreneurial marketing: a construct for integrating emerging entrepreneurship and marketing perspectives. Journal of marketing theory and practice, 2002, 10(4): 1-19.
Hills G E, Hultman C M, Kraus S, et al. History, theory and evidence of entrepreneurial marketing–an overview. International Journal of Entrepreneurship and Innovation Management, 2010, 11(1): 3-18.
Cacciolatti L, Lee S H. Revisiting the relationship between marketing capabilities and firm performance: The moderating role of market orientation, marketing strategy and organizational power. Journal of business research, 2016, 69(12): 5597-5610.
Becherer R C, Helms M M, McDonald J P. The effect of entrepreneurial marketing on outcome goals in SMEs. New England Journal of Entrepreneurship, 2012.
Hacioglu G, Eren S S, Eren M S, et al. The effect of entrepreneurial marketing on firms’ innovative performance in Turkish SMEs. Procedia-Social and Behavioral Sciences, 2012, 58: 871-878.
Hamali S. The effect of entrepreneurial marketing on business performance: Small garment industry in Bandung City, Indonesia. Developing Country Studies, 2015, 5(1): 2225-0565.
Rashad N M. The impact of entrepreneurial marketing dimensions on the organizational performance within Saudi SMEs. Eurasian Journal of Business and Management, 2018, 6(3): 61-71.
Kraus S, Harms R, Fink M. Entrepreneurial marketing: moving beyond marketing in new ventures. International Journal of Entrepreneurship and Innovation Management, 2010, 11(1): 19.
Ionita D. Entrepreneurial marketing: a new approach for challenging times. Management & Marketing, 2012, 7(1): 131
Bjerke B, Hultman C. Entrepreneurial marketing: The growth of small firms in the new economic era. Edward Elgar Publishing, 2004.
Jones R, Rowley J. Presentation of a generic ‘EMICO’ framework for research exploration of entrepreneurial marketing in SMEs. Journal of Research in Marketing and Entrepreneurship, 2009.
Morrish S C, Miles M P, Deacon J H. Entrepreneurial marketing: acknowledging the entrepreneur and customer-centric interrelationship. Journal of strategic marketing, 2010, 18(4): 303-316.
Hisrich R D, Ramadani V. Entrepreneurial marketing: a practical managerial approach. Edward Elgar Publishing, 2018.
Whalen P, Uslay C, Pascal V J, et al. Anatomy of competitive advantage: towards a contingency theory of entrepreneurial marketing. Journal of Strategic Marketing, 2016, 24(1): 5-19.
Mullins J W, Forlani D. Missing the boat or sinking the boat: A study of new venture decision making. Journal of Business Venturing, 2005, 20(1): 47-69.
Dushnitsky G. Entrepreneurial optimism in the market for technological inventions[J]. Organization Science, 2010, 21(1): 150-167.
Miles M, Gilmore A, Harrigan P, et al. Exploring entrepreneurial marketing[J]. Journal of Strategic Marketing, 2015, 23(2): 94-111.
York J G, Venkataraman S. The entrepreneur-environment nexus: Uncertainty, innovation, and allocation[J]. Journal of business Venturing, 2010, 25(5): 449-463.
Crick D, Chaudhry S, Crick J M. Risks/rewards and an evolving business model: A case study of a small lifestyle business in the UK tourism sector. Qualitative Market Research: An International Journal, 2018, 21(2): 143-165.
Sheth J N, Sisodia R S, Sharma A. The antecedents and consequences of customer-centric marketing. Journal of the Academy of marketing Science, 2000, 28(1): 55-66.
Spence M, Essoussi L H. SME brand building and management: an exploratory study. European Journal of Marketing, 2010, 44(7/8): 1037-1054.
Nijssen E J. Entrepreneurial marketing: an effectual approach. Routledge, 2017.
Resnick S M, Cheng R, Simpson M, et al. Marketing in SMEs: a ‘4Ps’ self-branding model. International Journal of Entrepreneurial Behavior & Research, 2016.
Kotler P, Keller K L, Ang S H, et al. Marketing management: an Asian perspective. 2022.
Kum L, Siat C. An exploratory study on the Relationship between Entrepreneurial altitude and firm performance. Human resource management research, 2013, 3(1): 34-38.
Munro D. A guide to SME financing. Springer, 2013.
Auzzir Z, Haigh R, Amaratunga D. Impacts of disaster to SMEs in Malaysia. Procedia engineering, 2018, 212: 1131-1138.
Cartan-Quinn M, Carson D. Issues which impact upon marketing in the small firm. Small business economics, 2003, 21(2): 201-213.
Downloads
Published
Issue
Section
License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.






