Innovative marketing in the В2В market.

Authors

  • Vіktorіya Gonchar ДВНЗ «Приазовський державний технічний університет», м. Маріуполь, Ukraine https://orcid.org/0000-0002-8765-6656
  • Oleksii Bogachov ДВНЗ «Приазовський державний технічний університет», м. Маріуполь, Ukraine

DOI:

https://doi.org/10.31498/2225-6725.37.2019.188974

Keywords:

evolution, the concept of sustainable development, sustainable development of an industrial enterprise.

Abstract

Innovation is an iterative process based on the perception of a new product or new service technologies based on the invention. Innovation is characterized by four parameters: type, level, location and effect. In terms of level, innovations can be radical or additional. Analysis of the introduction of radical innovation has proved that disruptive innovation begins in one of two types of niche markets. The first, low level of the market, where there is an opportunity to dominate this segment first, and then to disrupt the rest of the market by drawing up functions and raising prices. The second type, the principle of high-class innovation: start with a high price in the market, and then go down to the mass market, adding additional functions and reducing (instead of increasing) the price. It has been proven that the efficiency of diffusion of new technology is based on the paradigm of variable speed of innovation adoption. The first potential customers are divided into two segments: where possible to use the methods of technologies and behavioral grounds for purchasing an innovative product. In developing innovative products, getting feedback from consumers is the most important part on the road to success. For both segments, the most appropriate way to collect information is to interview because depth of analysis is required. When the "type of innovative decision" is collective, the rate of adoption is lower than that of the individual. This makes the dissemination of ideas in the B2B sector more difficult as decisions are made at the organization level. It is recommended to consider the four components that allow the marketing program to be effective. An important part of the process of innovative marketing in B2B is understanding the decision-making process of its main participants. Identify 5 types of people who play a role in the decision-making process in the purchase of a new product: users, influencers, buyers, deciders and intermediaries. Each type requires a specific targeting strategy as they are due to different reasons.

References

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  10. References:
  11. 1. Garcia Rosanna, and Roger Calantone (2002), "A critical look at technological innovation typology and innovativeness terminology: a literature review" The Journal of Product Innovation Management 19: 110-132.
  12. 2. Schilling, Melissa A. (2017), Strategic Management of Technoligical Innovation. New York: McGraw-Hill Education.
  13. 3. Christensen Clayton (2016), The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail (Management of Innovation and Change). Harvard Business Review Press.
  14. 4. Kim W. Chan, and Renee Mauborgne (2005), Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant. Harvard Business Review Press.
  15. 5. Dyer Jeffrey, Paul Godfrey, Robert Jensen, and David Bryce (2016), Strategic Management: concepts and cases.
  16. 6. Mansfield Matt (2019),. "Startup statistics – The Numbers You Need to Know." Small Business Trends. Mar 28, available at: https://smallbiztrends.com/2019/03/startup-statistics-small-business.html.
  17. 7. Rogers Everett M. (2003) Diffusion of Innovations. Free Press.
  18. 8. Gotter Ana (2018), "B2B and B2C Marketing: What’s the Difference?" Disruptive Advertising. July 9, available at: https://www.disruptiveadvertising.com/marketing/b2b-and-b2c/.
  19. 9. Kotler Philip, and Gary Armstrong, (2017), Principles of Marketing 17th edition. Upper Saddle River: Pearson Education Limited.

Published

2019-09-26

How to Cite

Gonchar, V., & Bogachov, O. (2019). Innovative marketing in the В2В market. REPORTER OF THE PRIAZOVSKYI STATE TECHNICAL UNIVERSITY Section: Economic Sciences, (37), 127–133. https://doi.org/10.31498/2225-6725.37.2019.188974

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