American Journal of Marketing Research
Articles Information
American Journal of Marketing Research, Vol.6, No.1, Mar. 2020, Pub. Date: Mar. 9, 2020
Marketing Management Strategy and Its Impact on Manufacturing Competitiveness and Economic Sustainability
Pages: 1-8 Views: 1128 Downloads: 433
Authors
[01] John Nkeobuna Nnah Ugoani, Department of Management Sciences, College of Management and Social Sciences, Rhema University, Aba, Nigeria.
[02] Anthony Azuamaka Ugoani, Department of Agricultural Engineering, College of Engineering and Engineering Technology, Federal Polytechnic Unwana, Afikpo, Nigeria.
Abstract
Manufacturing competitiveness is imperative to enhance economic sustainability and to make meaningful contribution to the GDP of any nation. For example in 2015 while the manufacturing industry in Nigeria contributed about 9 percent to the GDP, in India, the manufacturing sector contributed about 38 percent. This underscores the necessity for manufacturing process re-engineering through standardizing, automating, and streamlining distribution and channel management to ensure effectiveness, competitive advantage and economic sustainability. The most common goals of manufacturers are profitability, sales value, market penetration, new product development and channel management which drives their growth and survival. 145 respondents participated in the study conducted through the exploratory research design, and result of data analysis showed strong positive correlation between marketing management strategy and manufacturing competitiveness and economic sustainability. The study was never exhaustive; therefore, further study could examine the relationship between cost of raw materials and contribution as a way of finding a solution to enterprise failures. It was suggested that manufacturers should always adopt appropriate distribution and channel management approaches to enhance market penetration.
Keywords
Channel Management, Market Penetration, Market Selection, Manufacturing Process Reengineering, Competitive Advantage, Market Positioning, Franchising, Intermediaries
References
[01] Anyanwu, A. (1993) Dimensions of Marketing. Okigwe, Avan Global Publications.
[02] Hill, C. W. L. and Jones, G. R. (1995) What Is Strategy? In C. W. L. Hill and G. R. Jones (eds) Strategic Management: An Integrated Approach, 3rd edition, USA, Houghton-Mifflin Company, pp: 5-32.
[03] Stevenson, W. J. (2002) Operations Management. 7th edition, Boston, McGraw-Hill.
[04] Aimkij, N. Mujtaba, B. G. and Kaweervisultrakul, T. (2013) Green Management Sustainability and its Economic Impact. Journal of Economics and Sustainable Development, 4 (6): 104-115.
[05] Mujtaba, B. G. (2014) Management Skills and Practices for Global Leadership. ILEAD Academy, Davie, Florida.
[06] Mujtaba, B. G. and Cavico, F. J. (2013) Corporate Social Responsibility and Sustainability Model for Global Firms. Journal of Leadership, Accountability and Ethics, 10 (1): 1-11.
[07] Porter, M. E. (1996) What Is Strategy? Harvard Business Review, November, December 1991.
[08] Meredith, J. (1993) Theory Building Through Conceptual Methods. International Journal of Operations & Production Management, 13 (5): 3-11.
[09] Ali, M. M. (2018) Need to Test Proposed Theory on Social Networking, Community Banking and Empowerment of People: A Conceptual View. Amity Business Journal, 7 (1): 18-33.
[10] Arvidsson, A. and Niessen, B. (2015) Creative Mass, Consumption, Creativity and Innovation on Bangkok’s Fashion Markets. Consumption, Markets & Culture, 18 (2): 111-132.
[11] Tharanga, H. T. P. Dasanayaka, S. W. S. B. and Kuruppu, G. N. (2018) A Situational Analysis of Service Quality in Private Health Care Sector in Sri Lanka. Amity Business Journal, 7 (1): 34-42.
[12] Derlin, S. I. and Dong, H. K. (1994) Service quality from customers’ perspective. Marketing Research, 6 (1): 5-13.
[13] Ndudim, I. J. (2002) Marketing Management Strategy. Unpublished MBA Lecture Notes, Department of Management University of Calabar, Calabar, Nigeria.
[14] Sprreng, R. A. and Mackey, R. D. (1996) An empirical examination of a model of perceived service quality and satisfaction. Journal of Retailing, vol. 72, pp: 201-14.
[15] Zsidisin, G. A. Jun, M. and Adams, L. L. (2000) The Relationship Between Information Technology and Service Quality in the Dual-Direction Supply Chain. A Case Study Approach. International Journal of Service Industry Management, 6 (2): 17-28.
[16] Radha, B. and Shree, A. B. (2017) Impact of Emotional Intelligence on Performance of Employees and Organizational Commitment in Software Industry. International Academic Research Journal of Business and Management, 6 (2): 17-28.
[17] Stern, L. W. and El-Ansary, A. I. (1982) Marketing Channels. Englewood, Cliffs, N. J. Prentice-Hall, pp: 424.
[18] Sony, M. and Mekoth, N. (2016) The relationship between emotional intelligence frontline employee adaptability, job satisfaction and job performance. Journal of Retailing and Consumer Services, 30 (3), 20-32.
[19] Berg, B. L. (2004) Qualitative research methods for the social sciences. 5th edition. Boston: Pearson Education.
[20] Stalk, Jr. G. (1988) The Next Source of Competitive Advantage. Harvard Business Review, July-August, 1988.
[21] Ugoani, J. N. N. (2016) Reinventing the Wheels of Public Sector Management Against Corruption and Poverty for Sustainable Development in Nigeria. Proceedings of Faculty of Management Sciences 2016 International Conference, Nnamdi Azikiwe University, Awka, 8th-10th November, 2016. Pp: 447-461.
[22] Chiekezie, O. M. and Elikwu, M. I. (2016) Knowledge Management and Production Capacity Optimization in Selected Manufacturing Firms in South East Nigeria. Proceeding of Faculty of Management Sciences 2016 International Conference Nnamdi Azikiwe University, Awka, 8th-10th November 2016. Pp: 746-760.
[23] Lynch, J. and Schuler, D. (1990) Consumer Evaluation of the Quality Services from an Economics of Information Perspective. Journal of Health Care Marketing. Pp: 6-12.
[24] Markoric, S. and Loncaric, D. (2014) Service Quality and Consumer Satisfaction in the Health Care Industry-Towards Health Tourism Market. Tourism and Hospitality Management. pp: 155-170.
[25] El-Marashy, A. (2012) Enabling Manufacturing Competitiveness and Economic Sustainability. Dordrecht: Springer.
[26] Odiwe, W. O. and Kiffordu, A. A. (2016) Warehousing Processes and the Physical Distribution Efficiency in the Brewery Industry in Nigeria. Proceedings of Faculty of Management Sciences 2016 International Conference Nnamdi Azikiwe University, Awka, 8th-10th November 2016. Pp: 462-468.
[27] Nwankwo, O. C. (2011) A Practical Guide To Research Writing for Students of Research Enterprise (Revised Fourth Edition) Pam Unique Publishers Port Harcourt.
600 ATLANTIC AVE, BOSTON,
MA 02210, USA
+001-6179630233
AIS is an academia-oriented and non-commercial institute aiming at providing users with a way to quickly and easily get the academic and scientific information.
Copyright © 2014 - American Institute of Science except certain content provided by third parties.