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Indian Journal of Marketing

ISSN: 0973-8703 Frequency: Monthly Peer Review: Double-blind Published since: 1968 Language: English
A publication of AMCPL
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New Delhi, India
Indexed in: Scopus Q3 UGC-CARE Group II ABDC: C Google Scholar J-Gate NAAS NISCAIR Crossref

Original Article

Open Access Original Article

Strategizing Marketing Mix for Business Sustainability of Ethiopian MSEs

Kishor Chandra Meher1Gemechu Geda Hamato2

1 Professor (Management), Department of Management, College of Business & Economics, Bule Hora University, Post Box-144, Bule Hora

2 PhD. Scholar, Management, Lecturer (Management), Department of Management, College of Business & Economics, Bule Hora University, Post Box-144, Bule Hora

Volume 52
Issue 3
Pages 21–35
Year 2022
Received: April 20, 2021 Accepted: Jan. 20, 2022 Published: March 15, 2022
Abstract

The medium and small-scale enterprises contribute immensely to the economic growth of Ethiopia. Hence, the long-term sustainability of this sector is vital for the economy. The captioned research aimed to assess the marketing mix strategies and their effect on the short and long-term sustainable advantage of MSEs. The research applied structural equation modeling with pre-run confirmatory factor analysis to investigate the causal analysis among the study’s variables. The study applied cluster sampling by taking the largest state Oromia and simple random sampling to obtain the responses through a Likert scaled questionnaire. The criterion variables are marketing performance and business sustainability, while marketing mix strategies are predictor variables. The CFA results revealed that the people and place variables were not eligible for applying SEM. The SEM results exhibited the hypothesized model as a perfect fit. Product strategy influenced the marketing performance, whereas there was a significant effect of product, process, and pricing strategies on the sustainability of MSEs’ businesses. The results hinted to the owners of MSEs to strengthen the strategic resources and apply the right tools by innovating differentiation of products to sustain value for the business.

Keywords Long-Term Sustainability Pricing Strategy Process Strategy Product Strategy Promotion Strategy
How to Cite

Kishor Chandra Meher, Gemechu Geda Hamato (2022). Strategizing Marketing Mix for Business Sustainability of Ethiopian MSEs. Indian Journal of Marketing, 52(3), 21–35. https://doi.org/10.17010/ijom/2022/v52/i3/168655

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