Marketing In Smes: A "4ps" Self-Branding Model
INTERNATIONAL JOURNAL OF ENTREPRENEURIAL BEHAVIOR & RESEARCH(2016)
Abstract
Purpose - The purpose of this paper is to explore the extent to which traditional marketing theory and practice can be applied in small-and medium-sized enterprises (SMEs) and consider how owner-managers perceive their own role in marketing within a small business setting.Design/methodology/approach - A qualitative exploratory approach using semi-structured in-depth interviews amongst owner-managers of SMEs in the UK.Findings - SME marketing is effective in that it embraces some relevant concepts of traditional marketing, tailors activities to match its customers and adds its own unique attribute of self-branding as bestowed by the SME owner-manager.Research limitations/implications - The study was limited to the UK and to a small sample of SMEs and as such the findings are not necessarily generalisable.Originality/value - A "4Ps" model for SME self-branding is proposed, which encompasses the attributes of personal branding, (co) production, perseverance and practice.
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Key words
Marketing, SMEs, Owner-manager, Self-branding
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