The Influence of Marketing Strategy on Marketing Performance from a Management Perspective in the Disruption Era

Authors

  • I Gusti Ngurah Satria Wijaya Institut Teknologi dan Bisnis Stikom Bali https://orcid.org/0000-0001-6479-4346
  • Annisa Balqis Bashira Syahrir Malintang Latanro Institut Teknologi dan Bisnis Stikom Bali
  • Ni Nyoman Arie Rahayu Sugianitri Institut Teknologi dan Bisnis Stikom Bali

DOI:

https://doi.org/10.21512/bbr.v15i1.10431

Keywords:

marketing strategy, marketing performance, management perspective, disruption era

Abstract

The world continues to develop and change, and everything is digital-based in the current era of disruption. The retail industry is one of the business sectors most severely impacted by the COVID-19 pandemic and the disruption era. Numerous businesses or retail issuers also see a drop in sales and even suffer losses. The research aimed to evaluate the most successful marketing tactics toward marketing performance in the disruption era from a management perspective. The major data used came from questionnaires given to management with digitized or digital marketing. A total of 282 data were collected using the purposive sampling technique to determine the respondents in Denpasar City. Structural Equation Model (SEM) analysis was employed in this investigation. The research outcomes are strategies that effectively influence marketing performance in the disruption era, including marketing mix strategy, online affiliate marketing strategy, and social media strategy. The marketing mix strategy cannot be abandoned despite changes in the disruption era. There can only be a change in strategy using digital marketing media. The research novelty lies in its findings, which support the Resource-Based View (RBV) theory, the marketing tactic employed to enhance marketing effectiveness in the disruption era. The practical implications include policy recommendations for business management and marketing methods to improve marketing performance in the disruption era.

Dimensions

Plum Analytics

Author Biographies

I Gusti Ngurah Satria Wijaya, Institut Teknologi dan Bisnis Stikom Bali

Department of Digital Business

Annisa Balqis Bashira Syahrir Malintang Latanro, Institut Teknologi dan Bisnis Stikom Bali

Department of Digital Business

Ni Nyoman Arie Rahayu Sugianitri, Institut Teknologi dan Bisnis Stikom Bali

Department of Digital Business

References

Anshori, A. S., Mukhsin, M., Suhendra, I., & Haryadi, D. (2022). Accuracy of compensation and competency improvement in improving performance, knowledge sharing as an intervening variable. Enrichment: Journal of Management, 12(3), 2201–2209.

Colline, F. (2020). Bankruptcy prediction analysis: A case study of retail companies in Indonesia. In Proceedings of the International Conference on Management, Accounting, and Economy (ICMAE) (pp. 326–330). https://doi.org/10.2991/aebmr.k.200915.073

Cruz-Cárdenas, J., Zabelina, E., Guadalupe-Lanas, J., Palacio-Fierro, A., & Ramos-Galarza, C. (2021). COVID-19, consumer behavior, technology, and society: A literature review and bibliometric analysis. Technological Forecasting and Social Change, 173, 1–13. https://doi.org/10.1016/j.techfore.2021.121179

Dolega, L., Rowe, F., & Branagan, E. (2021). Going digital? The impact of social media marketing on retail website traffic, orders and sales. Journal of Retailing and Consumer Services, 60. https://doi.org/10.1016/j.jretconser.2021.102501

Frantika, S. Y., Eltivia, N., & Riwajanti, N. I. (2022). The effect of the pandemic on e-commerce competition in Indonesia. International Journal of Innovative Science and Research Technology, 7(1), 267–273. https://doi.org/10.5281/zenodo.5905305

Frimpong, S. E., Agyapong, G., & Agyapong, D. (2022). Financial literacy, access to digital finance and performance of SMEs: Evidence from Central region of Ghana. Cogent Economics & Finance, 10(1). https://doi.org/10.1080/23322039.2022.2121356

Hair, J. F., Sarstedt, M., & Ringle, C. M. (2019). Rethinking some of the rethinking of partial least squares. European Journal of Marketing, 53(4), 566–584. https://doi.org/10.1108/EJM-10-2018-0665

Hajarian, M., Camilleri, M. A., Díaz, P., & Aedo, I. (2021). A taxonomy of online marketing methods. In M. A. Camilleri (Eds.), Strategic corporate communication in the digital age (pp. 235–250). Emerald Publishing Limited. https://doi.org/10.1108/978-1-80071-264-520211014

Herman, L. E., Sulhaini, & Farida, N. (2021). Electronic customer relationship management and company performance: Exploring the product innovativeness development. Journal of Relationship Marketing, 20(1), 1–19. https://doi.org/10.1080/15332667.2019.1688600

Ibrahim, E. B., & Harrison, T. (2020). The impact of internal, external, and competitor factors on marketing strategy performance. Journal of Strategic Marketing, 28(7), 639–658. https://doi.org/10.1080/0965254X.2019.1609571

Isnain, A. R., Gunawan, R. D., Wahyudi, A. D., & Yani, D. C. (2021). Analysis of the effect of promotion an technology acceptance model on purchase interest in Tokopedia. In 2021 International Conference on Computer Science, Information Technology, and Electrical Engineering (ICOMITEE) (pp. 141–147). IEEE. https://doi.org/10.1109/ICOMITEE53461.2021.9650296

Koeswandi, T., Fauziyah, A., Nurfitriya, M., & Primaskara, E. A. (2021). Analisis strategi pemasaran digital UMKM terdampak COVID-19 di Kota Tasikmalaya. Jurnal Manajemen, Bisnis dan Kewirausahaan, 1(3), 75–80. https://doi.org/10.55606/jumbiku.v1i3.91

Kwok, L., Tang, Y., & Yu, B. (2020). The 7 Ps marketing mix of home-sharing services: Mining travelers’ online reviews on Airbnb. International Journal of Hospitality Management, 90, 1–11. https://doi.org/10.1016/j.ijhm.2020.102616

Li, F., Larimo, J., & Leonidou, L. C. (2021). Social media marketing strategy: Definition, conceptualization, taxonomy, validation, and future agenda. Journal of the Academy of Marketing Science, 49, 51-70. https://doi.org/10.1007/s11747-020-00733-3

Maghfuriyah, A., Ferdous Azam, S. M., & Shukri, S. (2019). Market structure and Islamic banking performance in Indonesia: An error correction model. Management Science Letters, 9, 1407–1418. https://doi.org/10.5267/j.msl.2019.5.010

Marginingsih, R. (2022). Financial distress analysis using the Altman Z-Score method for retail companies during the COVID-19 pandemic. Enrichment: Journal of Management, 12(2), 1796–1803.

Nuryakin, & Ardyan, E. (2018). SMEs’ marketing performance: The mediating role of market entry capability. Journal of Research in Marketing and Entrepreneurship, 20(2), 122–146. https://doi.org/10.1108/JRME-03-2016-0005

Pandey, P., Suwunniponth, W., Techarattanased, N., & Klaysung, C. (2023). Online marketing mix factors affecting online accommodation decisions of Thai tourists. In International Academic Multidisciplinary Research Conference in Fukuoka 2023 (pp. 229–238).

Prasetyo, B. D., Kurniadi, R., & Setyowati, R. (2020). Industry 4.0 and the future challenges for the local community to manage eco-tourism (A case study of the participatory eco-tourism management in Menipo Island, West Timor, Indonesia). In IOP Conference Series: Earth and Environmental Science (pp. 1–13). https://doi.org/10.1088/1755-1315/533/1/012002

Purwanto, A., & Sudargini, Y. (2021). Partial Least Squares Structural Squation Modeling (PLS-SEM) analysis for social and management research : A literature review. Journal of Industrial Engineering & Management Research, 2(4), 114–123.

Rocque, S. R. (2023). Business innovation models of Indian e-commerce start-ups to create successful business competing against global players. Central Asian Journal of Innovations on Tourism Management and Finance, 4(4), 52–64.

Savitri, C., Hurriyati, R., Wibowo, L., & Hendrayati, H. (2022). The role of social media marketing and brand image on smartphone purchase intention. International Journal of Data and Network Science, 6(1), 185–192. http://dx.doi.org/10.5267/j.ijdns.2021.9.009

Siregar, A. P., Nofirman, N., Yusuf, M., Jayanto, I., & Rahayu, S. (2022). The influence of taste and price on consumer satisfaction. Quantitative Economics and Management Studies, 3(6), 998–1007.

Subawa, N. S., Widhiastini, N. W., Pika, P. A. T. P., Suryawati, P. I., & Astawa, I. N. D. (2020). Generation Z behavior and low price products in the era of disruption. International Journal of Social Sciences and Management Review, 03(3), 1–12.

Terrance, A. R., Shrivastava, S., & Kumari, A. (2018). Importance of search engine marketing in the digital world. In Proceedings of the 2017 International Conference on Information Technology and Knowledge Management (pp. 155–158). https://doi.org/10.15439/2017km24

Thukral, E. (2021). COVID‐19: Small and medium enterprises challenges and responses with creativity, innovation, and entrepreneurship. Strategic Change, 30(2), 153–158. https://doi.org/10.1002/jsc.2399

Wijaya, I. G. N. S., & Ekayasa, M. D. (2022). Perilaku keputusan pembelian Generasi Y dan Z dalam penggunaan e-commerce di masa pasca pandemi. Jurnal Nusantara Aplikasi Manajemen Bisnis, 7(2), 338–357. https://doi.org/10.29407/nusamba.v7i2.18357

Wijaya, I. G. N. S., Wulandari, R., Latanro, A. B. B. S. M., & Sugianitri, N. N. A. R. (2023). Marketing strategy for facing changes in consumer behavior in disruption era. Jurnal Nusantara Aplikasi Manajemen Bisnis, 8(2), 459–472. https://doi.org/10.29407/nusamba.v8i2.20634

Downloads

Published

2024-02-02
Abstract 260  .
PDF downloaded 158  .