TY - GEN
T1 - Which SMEs has the best marketing performance?
AU - Astuti, Rifelly Dewi
AU - Afiff, Adi Zakaria
AU - Balqiah, T. Ezni
N1 - Publisher Copyright:
© 2018 Academic Conferences and Publishing International Limited. All rights reserved.
PY - 2017
Y1 - 2017
N2 - Marketing science and entrepreneurship interface have grown significantly in terms of the number of researchers and literature in the last decade. This interface is known as Entrepreneurial Marketing, usually used by Small and Medium Enterprise (SMEs). SMEs in Indonesia have an important role since they contribute 60% of national income. In addition, Indonesian SMEs have a very different characteristic compared to SMEs in other countries. The performance of SMEs will reach its peak when the entrepreneurial marketing orientation matches with right marketing strategy. This study aims to develop entrepreneurial marketing dimensions and marketing strategy typologies that are suitable with Indonesian SMEs characteristics; and also to identify the profiles of the SMEs that forms from a fit entrepreneurial marketing dimensions and marketing strategy used. An empirical quantitative study had conducted on 130 SME owners of various industry, with a concept fit method, specifically profile deviation. Based on factor analysis techniques, it found that there are seven dimensions of entrepreneurial marketing that described the characteristics of Indonesian SMEs: customer focus, innovativeness, value creation, opportunity focus, proactiveness, calculated risk taking, and resources leveraging. Further, based on a hierarchical cluster analysis technique, there are five clusters of SME in Indonesia: Aggressive marketers, mass marketers, value marketers, traditional marketers, and minimizer marketers. Profile deviation analysis proves that the higher fit of entrepreneurial marketing dimensions with marketing strategy, marketing performance of SMEs will be higher. The SMEs with the highest performance are the aggressive marketers, and the lowest performance generated by the minimizer marketers. So, for SMEs owners in Indonesia should have the characteristics like aggressive marketers cluster by improving the knowledge and competencies both in entrepreneurial marketing and marketing strategy. This study has also enriched the RA theory (Hunt, 1995) that intangible resources more valuable in getting higher performance for SMEs than tangible resources.
AB - Marketing science and entrepreneurship interface have grown significantly in terms of the number of researchers and literature in the last decade. This interface is known as Entrepreneurial Marketing, usually used by Small and Medium Enterprise (SMEs). SMEs in Indonesia have an important role since they contribute 60% of national income. In addition, Indonesian SMEs have a very different characteristic compared to SMEs in other countries. The performance of SMEs will reach its peak when the entrepreneurial marketing orientation matches with right marketing strategy. This study aims to develop entrepreneurial marketing dimensions and marketing strategy typologies that are suitable with Indonesian SMEs characteristics; and also to identify the profiles of the SMEs that forms from a fit entrepreneurial marketing dimensions and marketing strategy used. An empirical quantitative study had conducted on 130 SME owners of various industry, with a concept fit method, specifically profile deviation. Based on factor analysis techniques, it found that there are seven dimensions of entrepreneurial marketing that described the characteristics of Indonesian SMEs: customer focus, innovativeness, value creation, opportunity focus, proactiveness, calculated risk taking, and resources leveraging. Further, based on a hierarchical cluster analysis technique, there are five clusters of SME in Indonesia: Aggressive marketers, mass marketers, value marketers, traditional marketers, and minimizer marketers. Profile deviation analysis proves that the higher fit of entrepreneurial marketing dimensions with marketing strategy, marketing performance of SMEs will be higher. The SMEs with the highest performance are the aggressive marketers, and the lowest performance generated by the minimizer marketers. So, for SMEs owners in Indonesia should have the characteristics like aggressive marketers cluster by improving the knowledge and competencies both in entrepreneurial marketing and marketing strategy. This study has also enriched the RA theory (Hunt, 1995) that intangible resources more valuable in getting higher performance for SMEs than tangible resources.
KW - Entrepreneurial marketing
KW - Marketing strategy
KW - Profile deviation
KW - Small and medium enterprises
UR - http://www.scopus.com/inward/record.url?scp=85054097661&partnerID=8YFLogxK
M3 - Conference contribution
AN - SCOPUS:85054097661
SN - 9781911218555
T3 - Proceedings of the European Conference on Innovation and Entrepreneurship, ECIE
SP - 68
EP - 77
BT - Proceedings of the 12th European Conference on Innovation and Entrepreneurship, ECIE 2017
A2 - Loue, Christophe
A2 - Slimane, Sonia Ben
A2 - Slimane, Sonia Ben
PB - Academic Conferences and Publishing International Limited
T2 - 12th European Conference on Innovation and Entrepreneurship, ECIE 2017
Y2 - 21 September 2017 through 22 September 2017
ER -