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Marketing in Chinese Small and Medium Enterprises (SMEs): The State of the Art in a Chinese Socialist Economy

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Author Info
Wai-sum Siu ()
Zhi-chao Liu ()
Abstract

This paper adopts the context-embedded approach to examine the marketing practices of 307 small and medium enterprises (SMEs) in the People’’s Republic of China by comparing the survey findings with that of Hong Kong and Guangdong SMEs. Chinese SMEs focus on regional markets to avoid direct competition with Hong Kong SMEs in the international markets and also their Guangdong counterparts in the turbulent nationwide market. To market their own brands, Chinese SMEs have to analyze the market and use superior marketing strategies in the competitive markets. Chinese SMEs do not attain the superior competitive positions as that of their Guangdong counterparts, but they use customer satisfaction surveys and claims investigation to help develop excellence in product performance. Also, Chinese SMEs have to provide value-added products and services and also a well-rounded marketing competitive strategy to gain market shares. The traditional state-owned enterprise structure in China facilitates the development of hierarchical organizational structure and joint decision making process. Thus, care should be taken in assuming that marketing tools and techniques are equally applicable across all places, even in similar cultural contexts. Socio-cultural influences and mediating environmental factors should be considered when attempting to understand the marketing practices of Chinese small firms, specifically when China is in transition to a socialist market economy. Copyright Springer 2005

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File URL: http://hdl.handle.net/10.1007/s11187-004-6479-7
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Publisher Info
Article provided by Springer in its journal Small Business Economics.

Volume (Year): 25 (2005)
Issue (Month): 4 (November)
Pages: 333-346
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:kap:sbusec:v:25:y:2005:i:4:p:333-346

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Web page: http://www.springerlink.com/link.asp?id=100338

For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).

Related research
Keywords: chinese; marketing practices; small firm;

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This page was last updated on 2009-12-23.


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