Search the World's Largest Database of Information Science & Technology Terms & Definitions
InfInfoScipedia LogoScipedia
A Free Service of IGI Global Publishing House
Below please find a list of definitions for the term that
you selected from multiple scholarly research resources.

What is 4P Marketing Mix

Strategic Marketing for Social Enterprises in Developing Nations
The marketing mix comprises the dimensions product, price, place, and promotion.
Published in Chapter:
Potentials of Frugal Innovation to Combine the Social and Economic Objectives in the Marketing of Social Enterprises: The Case of EinDollarBrille e.V.
Anne Dressler (Chemnitz University of Technology, Germany) and Stefan Hüsig (Chemnitz University of Technology, Germany)
Copyright: © 2019 |Pages: 22
DOI: 10.4018/978-1-5225-7859-8.ch010
Abstract
Social enterprises strive to address social problems and pursue economic goals. In doing so, they also have to deal with the question of how to structure their marketing approaches to balance social and economic marketing goals. Frugal innovation often aims to address social problems with solutions that are affordable and of high quality. At the same time, these innovations are embedded in economic structures and aim to generate profits. Thus, it is assumed that such innovations influence the design of marketing strategies. This case study reveals how the social enterprise EinDollarBrille e.V. combines social and economic aims in its marketing approach based on a frugal innovation. The findings are consistent with previous research that social enterprises should try to overcome seeming contradictions of marketing goals. It is proposed that social enterprises could consciously pursue strategies that create synergy between their dual aims. Thereby, frugal innovations can be advantageous.
Full Text Chapter Download: US $37.50 Add to Cart
eContent Pro Discount Banner
InfoSci OnDemandECP Editorial ServicesAGOSR