Cargando…

Marketing innovations during a global crisis: A study of China firms’ response to COVID-19

As a worldwide disaster, the COVID-19 crisis is profoundly affecting the development of the global economy and threatening the survival of firms worldwide. It seems unavoidable that this natural disruption has hit the global economy and produced a huge crisis for firms. This study explores how firms...

Descripción completa

Detalles Bibliográficos
Autores principales: Wang, Yonggui, Hong, Aoran, Li, Xia, Gao, Jia
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7247497/
https://www.ncbi.nlm.nih.gov/pubmed/32501308
http://dx.doi.org/10.1016/j.jbusres.2020.05.029
_version_ 1783538167927799808
author Wang, Yonggui
Hong, Aoran
Li, Xia
Gao, Jia
author_facet Wang, Yonggui
Hong, Aoran
Li, Xia
Gao, Jia
author_sort Wang, Yonggui
collection PubMed
description As a worldwide disaster, the COVID-19 crisis is profoundly affecting the development of the global economy and threatening the survival of firms worldwide. It seems unavoidable that this natural disruption has hit the global economy and produced a huge crisis for firms. This study explores how firms in China are innovating their marketing strategies by critically identifying the typology of firms’ marketing innovations using two dimensions, namely, motivation for innovations and the level of collaborative innovations. This research also explores the influence of the external environment, internal advantages (e.g., dynamic capabilities and resource dependence), and characteristics of firms on Chinese firms’ choice and implementation of marketing innovation strategies. It provides valuable insights for firms to respond successfully to similar crisis events in the future.
format Online
Article
Text
id pubmed-7247497
institution National Center for Biotechnology Information
language English
publishDate 2020
publisher Elsevier Inc.
record_format MEDLINE/PubMed
spelling pubmed-72474972020-05-26 Marketing innovations during a global crisis: A study of China firms’ response to COVID-19 Wang, Yonggui Hong, Aoran Li, Xia Gao, Jia J Bus Res Article As a worldwide disaster, the COVID-19 crisis is profoundly affecting the development of the global economy and threatening the survival of firms worldwide. It seems unavoidable that this natural disruption has hit the global economy and produced a huge crisis for firms. This study explores how firms in China are innovating their marketing strategies by critically identifying the typology of firms’ marketing innovations using two dimensions, namely, motivation for innovations and the level of collaborative innovations. This research also explores the influence of the external environment, internal advantages (e.g., dynamic capabilities and resource dependence), and characteristics of firms on Chinese firms’ choice and implementation of marketing innovation strategies. It provides valuable insights for firms to respond successfully to similar crisis events in the future. Elsevier Inc. 2020-08 2020-05-25 /pmc/articles/PMC7247497/ /pubmed/32501308 http://dx.doi.org/10.1016/j.jbusres.2020.05.029 Text en © 2020 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Wang, Yonggui
Hong, Aoran
Li, Xia
Gao, Jia
Marketing innovations during a global crisis: A study of China firms’ response to COVID-19
title Marketing innovations during a global crisis: A study of China firms’ response to COVID-19
title_full Marketing innovations during a global crisis: A study of China firms’ response to COVID-19
title_fullStr Marketing innovations during a global crisis: A study of China firms’ response to COVID-19
title_full_unstemmed Marketing innovations during a global crisis: A study of China firms’ response to COVID-19
title_short Marketing innovations during a global crisis: A study of China firms’ response to COVID-19
title_sort marketing innovations during a global crisis: a study of china firms’ response to covid-19
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7247497/
https://www.ncbi.nlm.nih.gov/pubmed/32501308
http://dx.doi.org/10.1016/j.jbusres.2020.05.029
work_keys_str_mv AT wangyonggui marketinginnovationsduringaglobalcrisisastudyofchinafirmsresponsetocovid19
AT hongaoran marketinginnovationsduringaglobalcrisisastudyofchinafirmsresponsetocovid19
AT lixia marketinginnovationsduringaglobalcrisisastudyofchinafirmsresponsetocovid19
AT gaojia marketinginnovationsduringaglobalcrisisastudyofchinafirmsresponsetocovid19