TITLE

Korean Marketing in China: An Exploratory Analysis of Strategy-Performance Relationships

AUTHOR(S)
C. Min Han; Jung Min Kim
PUB. DATE
June 2003
SOURCE
Journal of International Marketing;2003, Vol. 11 Issue 2, p79
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The authors attempt to identify the types of marketing strategies that Korean marketers employ in China and investigate the strategies' relationships with market performance. The authors expect Korean marketing strategies in China to differ from those of Western multinational corporations. Data were collected from surveys of managers of 86 Korean firms. The results identify four groups of firms with distinctive marketing strategies, including firms pursuing a localization strategy, those emphasizing product competitiveness, those pursuing a medium price-quality positioning strategy, and those passively selling quality products at high prices. In addition, the analysis suggests that Korean firms emphasizing product competitiveness have superior market performance, whereas firms pursuing localization show poor performance. Conversely, Korean firms pursuing the medium price--quality positioning strategy with an emphasis on value for money exhibit moderately good performance. Finally, the authors also discuss managerial implications pertaining to appropriate marketing strategies and tactics for Korean marketers.
ACCESSION #
9998518

 

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