Sustainable marketing strategies in the context of a globalized clothing and textile (C&T) sector in Zimbabwe
Sustainable marketing strategies in the context of a globalized clothing and textile (C&T) sector in Zimbabwe
Author(s): Africa Makasi, Krishna GovenderSubject(s): Economy, Business Economy / Management
Published by: ТОВ “Консалтингово-видавнича компанія “Ділові перспективи”
Keywords: clothing and textile industry; competition; developing economy; globalization and marketing strategy;
Summary/Abstract: This article provides a new perspective on sustainable marketing strategies in the context of a globalized clothing and textile (C&T) sector in Zimbabwe by linking two diverse streams of literature, namely, globalization and marketing strategy. A quantitative approach was adopted to obtain data from 127 respondents using a two-stage cluster sample. Structural Equation Modeling (SEM) confirmed three of four hypothesized relationships, namely that integrated co-alliances, modern technology and national policy impact the sustainability of clothing and textile sector in Zimbabwe. The adoption of a standardized marketing strategy characterized by uniform application of the marketing mix elements with minor modifications will have a significant impact on the capacity of the C&T sector to withstand the adverse effects of globalization. The research extends the body of existing knowledge on marketing strategy in the context of globalization of Zimbabwe’s C&T sector, and argues empirically for a new approach to developing and implementing competitive marketing strategies. The research findings will enable companies in the C&T sector of a developing economy to craft competitive marketing strategies, which incorporate internal company capabilities and technology, and also recognize the role of national policy in the globalization discourse.
Journal: Problems and Perspectives in Management
- Issue Year: 15/2017
- Issue No: 2(c.1)
- Page Range: 288-300
- Page Count: 13
- Language: English