MARKETING 5.0 AND CONSUMER BEHAVIOR OF THE MILLENNIAL (GEN Z) GENERATION AS BUSINESS PERFORMANCE BOOSTING IN COVID-19 PANDEMIC (CASE STUDY: SMEs IN WEST JAVA)
Keywords:
marketing 5.0, millennial generation, marketing strategy, marketing performance, COVID-19Abstract
COVID- Pandemic 19 has been going on for more than eighteen months has given a very big shock to the Indonesian economy, especially SMEs. It is believed that the COVID-19 pandemic will not end shortly so the best way to do it is to synergize with the pandemic, one of which is by improving the performance of SMEs during the pandemic. To encourage the improvement of SME performance during the pandemic, it is very important to determine the right marketing strategy that pays attention to marketing 5.0 technology and also the consumer behavior of the millennial generation. The results of research involving SMEs in West Java using the partial least square path modeling structural equation model found that marketing 5.0 and consumer behavior of the millennial generation had a positive influence on marketing strategy and also on the marketing performance of SMEs in West Java.
Downloads
References
Wardhana, A.K., THE IMPACT OF THE PRO AND CONS POLICIES IN JOKOWI ERA'S ON THE MACRO ECONOMY OF SOCIETY. Jurnal Ekonomi dan Bisnis Airlangga, 2021. 31(2): p. 124-136.DOI: https://doi.org/10.20473/jeba.V31I22021.124-136.
Winarso, W., e-Marketing: Business in Developing SMEs in Indonesia. International Journal of Psychosocial Rehabilitation, 2020. 24(10): p. 1931-1937.
Prasetyo, G.D. and T.A.E. Permatasari. PPKM DARURAT: MEMINIMALISIR PENYEBARAN COVID-19 DAN PEMULIHAN PEREKONOMIAN NASIONAL MELALUI PROGRAM TEMPO TV.
Piñeros, M.L., Economic sectors and the monetary policy risk-taking channel. Cuadernos de Economía, 2020. 43(123): p. 275-290.
Tussyadiah, I., A review of research into automation in tourism: Launching the Annals of Tourism Research Curated Collection on Artificial Intelligence and Robotics in Tourism. Annals of Tourism Research, 2020. 81: p. 102883.DOI: https://doi.org/10.1016/j.annals.2020.102883.
Kotler, P., et al., Marketing Management, 15th edition. New Jersy: Pearson Education, 2016.
Putri, A.Z., Relationship of Company's Characteristics and Markets Power on Leverage In Indonesian Manufacturing Companies. Cuadernos de Economía, 2020. 43(123): p. 401-409.
Lorde, A., Linked Fate, Black Voters, and Black Women Candidates. Sister Style: The Politics of Appearance for Black Women Political Elites, 2021: p. 164.DOI: https://doi.org/10.1093/oso/9780197540572.003.0008.
Matzler, K. and H.H. Hinterhuber, How to make product development projects more successful by integrating Kano's model of customer satisfaction into quality function deployment. Technovation, 1998. 18(1): p. 25-38.DOI: https://doi.org/10.1016/S0166-4972(97)00072-2.
Kristinae, V., et al., The role of powerful business strategy on value innovation capabilities to improve marketing performance during the COVID-19 pandemic. Uncertain Supply Chain Management, 2020. 8(4): p. 675-684.DOI: https://doi.org/10.5267/j.uscm.2020.8.005.
Retnosari, V.A. and A. Jayadi, Analysis of the Determinants of Indonesia's Exports with ASEAN Countries and Seven Trading Partner Countries Using the Gravity Model. Cuadernos de Economía, 2020. 43(123): p. 391-400.
Seoane, M.J.F., Employability profiles: the case of a Spanish University. Cuadernos de Economía, 2020. 43(123): p. 341-352.
Khotimah, K., D. Sari, and U. Kaltum, Event marketing and experiential marketing towards the formation of net marketing contribution margin (NMCM)(study at pt. garuda indonesia, tbk). Procedia-Social and Behavioral Sciences, 2016. 219: p. 431-439.DOI: https://doi.org/10.1016/j.sbspro.2016.05.017.
Srivastava, R.K., T.A. Shervani, and L. Fahey, Marketing, business processes, and shareholder value: an organizationally embedded view of marketing activities and the discipline of marketing. Journal of marketing, 1999. 63(4_suppl1): p. 168-179.DOI: https://doi.org/10.1177/00222429990634s116.
Homburg, C., M. Artz, and J. Wieseke, Marketing performance measurement systems: does comprehensiveness really improve performance? Journal of marketing, 2012. 76(3): p. 56-77.DOI: https://doi.org/10.1509/jm.09.0487.
Ittner, C.D. and D.F. Larcker, Innovations in performance measurement: trends and research implications. Journal of management accounting research, 1998. 10: p. 205.
Dean, D.S., S.N. Majumdar, and H. Schawe, Position distribution in a generalized run-and-tumble process. Physical Review E, 2021. 103(1): p. 012130.DOI: https://doi.org/10.1103/PhysRevE.103.012130.
Sari, R.C., et al., Learning Media For Islamic Financial Literacy From An Early Age Using A Virtual Assistant Based On Augmented Reality Technology. CONTEMPORARY ISSUES ON HALAL DEVELOPMENT IN INDONESIA: p. 147.
Edgina, L., T. Jazil, and T. Nursyamsiah, Strengthening the Role of Islamic Pawnshop in Islamic Financing for Msmes: Anp Approach. Tazkia Islamic Finance and Business Review, 2017. 10(1).
Sudarsono, H., R.N.I. Nugrohowati, and Y.K. Tumewang, The effect of Covid-19 pandemic on the adoption of Internet banking in Indonesia: Islamic bank and conventional bank. The Journal of Asian Finance, Economics, and Business, 2020. 7(11): p. 789-800.DOI: https://doi.org/10.13106/jafeb.2020.vol7.no11.789.
Blanco-Encomienda, F.J. and E. Rosillo-Díaz, Quantitative evaluation of the production and trends in research applying the structural equation modelling method. Scientometrics, 2021. 126(2): p. 1599-1617.DOI: https://doi.org/10.1007/s11192-020-03794-x.
Javed, A. and Z. Khan, Marketing strategies for highly volatile emerging markets: an empirical study from Pakistani cellular industry. International Journal of Emerging Markets, 2020. 2(3).DOI: https://doi.org/10.1108/IJOEM-10-2019-0861.
Geyang, F. and T. Lijuan, The Analysis of Marketing Strategy of Plendil. Asian Social Pharmacy, 2020. 15(1): p. 37-43.
Kanten, I.K. and G.S. Darma, Consumer behaviour, marketing strategy, customer satisfaction, and business performance. Jurnal Manajemen Bisnis, 2017. 14(2): p. 143-165.
Sukma, A., N. Hermina, and D. Novan, Pengaruh Produk, Distribusi dan Digital marketing terhadap Minat beli Produk UMKM Binaan Kadin Jabar Pada Situasi Covid-19. MANNERS, 2020. 3(2): p. 91-102.DOI: https://doi.org/10.29062/mahardika.v19i1.201.
Fornell, C. and F.L. Bookstein, Two structural equation models: LISREL and PLS applied to consumer exit-voice theory. Journal of Marketing research, 1982. 19(4): p. 440-452.DOI: https://doi.org/10.2307/3151718.
Henseler, J., C.M. Ringle, and R.R. Sinkovics, The use of partial least squares path modeling in international marketing, in New challenges to international marketing. 2009, Emerald Group Publishing Limited. p. 12-20.DOI: https://doi.org/10.1108/S1474-7979(2009)0000020014.
Balanzat, E., et al., Defect creation in alkali-halides under dense electronic excitations: experimental results on NaCl and KBr. Nuclear Instruments and Methods in Physics Research Section B: Beam Interactions with Materials and Atoms, 1994. 91(1-4): p. 134-139.DOI: https://doi.org/10.1016/0168-583X(94)96203-0.
Hayes, A.F. and L. Cai, Using heteroskedasticity-consistent standard error estimators in OLS regression: An introduction and software implementation. Behavior research methods, 2007. 39(4): p. 709-722.DOI: https://doi.org/10.3758/BF03192961.
Browne, M.W. and R. Cudeck, Alternative ways of assessing model fit. Sociological methods & research, 1992. 21(2): p. 230-258.DOI: https://doi.org/10.1177/0049124192021002005.
West, S.G., A.B. Taylor, and W. Wu, Model fit and model selection in structural equation modeling. Handbook of structural equation modeling, 2012. 1: p. 209-231.
Yusoff, M.S.B., The Dundee ready educational environment measure: a confirmatory factor analysis in a sample of Malaysian medical students. Int J Humanit Soc Sci, 2012. 2(16): p. 313- 321.
Govindarajan, V. and P.K. Kopalle, Disruptiveness of innovations: measurement and an assessment of reliability and validity. Strategic management journal, 2006. 27(2): p. 189-199.DOI: https://doi.org/10.1002/smj.511.
Downloads
Published
Issue
Section
License
Copyright (c) 2022 Author
This work is licensed under a Creative Commons Attribution 4.0 International License.
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.