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- Title
ENTREPRENURIAL MARKETING MANAGEMENT: THE NEW PARADIGM.
- Authors
MAJOVSKI, IRINA; DAVITKOVSKA, ELENA
- Abstract
Entrepreneurial marketing is considered to be the new paradigm of entrepreneurial ventures that operate in highly dynamic context with rather limited resources. As an interface of entrepreneurship and marketing, it refers to several underlying dimensions of entrepreneurial firms as pro activeness, opportunity-focus, risk taking, innovativeness, customer focus, value creation and resource leveraging. Although initially emerged as marketing approach in entrepreneurial firms that operate in competitive business environment, it should also be considered by firms that incorporate entrepreneurial orientation into their firm-level strategy. Prior research on entrepreneurial marketing supports its positive effects on firms' performance, documenting the importance of entrepreneurial and marketing orientation especially for small and medium-sized firms.
- Subjects
FINANCIAL leverage; ENTREPRENEURSHIP; MARKETING management; RISK-taking behavior; VALUE creation
- Publication
Economic Development / Ekonomiski Razvoj, 2017, Vol 19, Issue 1/2, p147
- ISSN
1409-7893
- Publication type
Article