Entrepreneurial marketing management: the new paradigm
Journal
Economic Development, Year.19, No.1-2/2017
Date Issued
2017-07
Author(s)
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.