This paper builds on issues that surround the interface between entrepreneurial and digital marketing. In particular, it proposes a conceptual framework that relates digital market knowledge, market representation and decision making in the context of entrepreneurial SMEs. Thus, the paper contributes to the understanding of how entrepreneurs deal with digital market knowledge, and how such knowledge contributes to changes in representing markets and decision making. A growing awareness of the importance of entrepreneurship and innovation to marketing, and of marketing to successful entrepreneurship, has led to attempts to combine the two disciplines as “entrepreneurial marketing”. Scholars debate on the role of marketing in the entrepreneurial process (Schindehutte et al., 2009), and consider the marketing content of the entrepreneurial role (Guercini, 2012). It is argued that entrepreneurial marketing emphasizes the adaptation of marketing to forms that are appropriate to small and medium‐sized enterprises (SMEs), even if entrepreneurial relates more in general to the marketing-entrepreneurship interface and the idea that marketing and entrepreneurship are fundamentally intertwined and necessary to the other. Marketing and the entrepreneurship take place in a context in which information technologies, data communication and data processing technologies are tools to manipulate, organize, transmit, and store information in digital form. More specifically, one of the major changes undergone by traditional marketing is determined by the emergence of digital marketing, which provides several tools and metrics, such as web analytics, for decision makers. However, it is yet not sufficiently clear how entrepreneurs deal with this type of knowledge emerging in a digital context, and how they use it in their decision making. The paper proposes a cross-case analysis based on in-depth interviews with entrepreneurs from SMEs in the fashion industry, a relevant empirical context that has experienced, before others, the implementation of digital marketing strategies. The analysis suggests the existence of different entrepreneurial profiles based on the approach adopted in dealing with digital market knowledge, as well as the existence of different types of relationships between entrepreneurs and digital market knowledge and alternative consequences in terms of decision-making processes.
The aim of the paper is to present an analytical approach that combines netnography with text-mining to build consumer brand knowledge in terms of brand associations deriving from social media contents. More specifically, it is based on the multi-vocal nature (Gensler et al., 2013) of the brand related to the participatory, collaborative and socially-linked behaviors by consumers that serve as creators of brand stories thus determining brand associations. It identifies and explores user-generated contents (UGC) as expression of brand associations emerging from different categories of actors in social media (consumers, influencers and other online prescribers), and measures their alignment with the company-defined brand associations. The rise of social media and the associated possibilities of large-scale consumer-to-consumer interaction and easy user generation of content shed light on the importance of the consumer-generated brand stories through social media, which have a high impact due to their characteristics of being digital, visible, ubiquitous, available in real-time, and dynamic (Hennig-Thurau et al., 2010). Methodologically, the paper proposes a two-pronged methodological approach integrating qualitative market research techniques with the quantitative ones, respectively netnography, used to explore consumer interactions in virtual communities through computer-mediated discourses, and text mining, used to extrapolate information from relatively large amounts of electronically stored textual data by means of computer applications. More specifically, the paper proposes an analysis of the 10 top luxury fashion brands in terms of brand associations emerging from UGC in social media through the voices of consumers, bloggers and other online prescribers, in line with the multi-vocal nature of the brand. Such associations are then compared to those generated by the company, in order to identify a possible alignment. The paper provides an analytical tool that allow managers to actively understand how different “online market brand players” interact with their brands, and eventually redefine their branding strategies together with their brand communication.
The paper examines the impact of international expansion of retail operations on the choice of performing internally or outsourcing some strategic activities in order to cope with the demands of retail outlets in domestic and foreign markets, providing a case analysis of Italian luxury fashion companies.