Entrepreneurship Marketing
Small and medium-sized enterprises (SMEs) dominate the market in terms of sheer number of organisations; yet, scholarly resource materials to assist in honing skills and competencies have not kept pace. This well renowned textbook guides students through the complexities of entrepreneurship from the unique perspective of marketing in SME contexts, providing a clear grounding in the principles, practices, strategies, challenges, and opportunities faced by businesses today.
SMEs now need to step up to the terrain of mobile marketing and consumer-generated marketing and utilise social media marketing tools. Similarly, the activities of various stakeholders in SME businesses like start-up accelerators, business incubators, and crowdfunding have now gained more prominence in SME activities. This second edition advances grounds covered in the earlier edition and has been fully updated to reflect this new, dynamic business landscape. Updates include:
A consideration of social media imperatives on SME marketing;
Discussion of forms of capital formation and deployment for marketing effectiveness, including crowdfunding;
Updated international case studies drawn from diverse backgrounds;
Hands-on practical explorations based on real-life tasks to encourage deeper understanding.
This book is perfect for students studying SMEs, Marketing and Enterprise at both advanced undergraduate and postgraduate levels, as well as professionals looking to obtain the required knowledge to operate their businesses in this increasingly complex and turbulent marketing environment.
Sonny Nwankwo is Emeritus Professor at the University of East London, UK, and the Provost of the Nigerian Defence Academy (NDA), Nigeria. He is Visiting Professor at universities across Africa, Australia, Europe, and North America. Prior to joining academia, he was a customer services manager in the telecommunications industry.
Ayantunji Gbadamosi is Research Coordinator and Chair of the Research and Knowledge Exchange Committee at Royal Docks School of Business and Law, University of East London, UK. His research interests are in Consumer Behaviour, SME Marketing, Marketing to Children, and Marketing Communications.
Entrepreneurship Marketing
Principles and Practice of SME Marketing
Second Edition
Edited by Sonny Nwankwo and Ayantunji Gbadamosi
Second edition published 2020
by Routledge
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and by Routledge
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2020 selection and editorial matter, Sonny Nwankwo and Ayantunji Gbadamosi; individual chapters, the contributors
The right of the Sonny Nwankwo and Ayantunji Gbadamosi to be identified as the authors of the editorial material, and of the authors for their individual chapters, has been asserted in accordance with sections 77 and 78 of the Copyright, Designs and Patents Act 1988.
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First edition published by Routledge 2010
British Library Cataloguing-in-Publication Data
A catalogue record for this book is available from the British Library
Library of Congress Cataloging-in-Publication Data
Names: Nwankwo, Sonny, editor. | Gbadamosi, Ayantunji, editor.
Title: Entrepreneurship marketing : principles and practice of SME marketing / edited by Sonny Nwankwo and Ayantunji Gbadamosi.
Description: Second edition. | Abingdon, Oxon ; New York, NY : Routledge, 2020. | Includes bibliographical references and index.
Identifiers: LCCN 2019050174 (print) | LCCN 2019050175 (ebook) | ISBN 9781138585225 (hardback) | ISBN 9781138585232 (paperback) | ISBN 9780429505461 (ebook)
Subjects: LCSH: MarketingManagement. | Entrepreneurship. | Small businessManagement. | New business enterprisesManagement.
Classification: LCC HF5415.13 .E58 2020 (print) | LCC HF5415.13 (ebook) | DDC 658.8dc23
LC record available at https://lccn.loc.gov/2019050174
LC ebook record available at https://lccn.loc.gov/2019050175
ISBN: 978-1-138-58522-5 (hbk)
ISBN: 978-1-138-58523-2 (pbk)
ISBN: 978-0-429-50546-1 (ebk)
Typeset in Goudy
by Apex CoVantage, LLC
Contents
Mike Simpson, Nick Taylor, and Jo Padmore
Abdullah Promise Opute
Mike Simpson, Nick Taylor, and Jo Padmore
Ayantunji Gbadamosi
Ayantunji Gbadamosi
Richard Shambare, Jane Shambare, and Wellington Chakuzira
Ayantunji Gbadamosi
P. Sergius Koku
David Bamber
Teck-Yong Eng and Graham Spickett-Jones
Paul Dobson and Vish Maheshwari
Mee Leing Ooi and Hsiao-Pei (Sophie) Yang
Ogenyi Omar and Peter Fraser
Sue Halliday
Hina Khan
Sanya Ojo and Entissar Elgadi
Kevin Ibeh and Mathew Analogbei
Ofer Dekel-Dachs, Amon Simba, and Helena Klipan
Robin Lowe, Isobel Doole, and Felicity Mendoza
Frances Ekwulugo
Sonny Nwankwo and Darlington Richards
Emmanuel Adugu
Andrew Lindridge
Rula M. Al Abdulrazak and Shadi A. Razak
Barry Ardley, Nick Taylor, and Jialin (Penny) Hardwick
Nnamdi O. Madichie, Anayo D. Nkamnebe, and Ignatius U. Ekanem
Guide
Undoubtedly, remarkable advances have been made to enrich understanding Entrepreneurship Marketing either by extending its theoretical and discursive properties or developing situated appreciations of its temporal and spatial dimensions. Paradoxically, narrative evidence from those who research and teach the subject continues to reveal growing complexities and tensions as they seek to overcome the problematics of comprehensive teaching resource support. It is common knowledge that much of the established marketing knowledge and associated programmes of study largely reflect axioms of large businesses. It is partly for this reason that high business failure rates among SMEs are consistently attributed to a failure on the part of scholars to appreciably interrogate the temporal and spatial dimensions of marketing in the context of SMEs or deal with the differences in marketing operations. The sheer scale of socioeconomic challenges confronting societies and the need to scale-up actions to achieve economic stability and growth gives rise to a central role for entrepreneurship. Making progress on these fronts would require carefully studying, analysing, documenting, and understanding strategic marketing actions involved in value-defining, value-developing, and value-delivery processes for achieving and maintaining the desired level of performance among SMEs.