FAMILY RUN SMEs IN NEPAL AND THEIR APPROACH TO MARKETING

This exploratory research aims to study the role of marketing and its relevance in small and medium sized family businesses in Nepal by comparing it to the combined review of authors and academicians in the field of SME/ entrepreneurial marketing. Although marketing is a key factor in the survival a...

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Main Author: Sanghai, Megha Sanghai
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2007
Subjects:
Online Access:https://eprints.nottingham.ac.uk/21002/
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author Sanghai, Megha Sanghai
author_facet Sanghai, Megha Sanghai
author_sort Sanghai, Megha Sanghai
building Nottingham Research Data Repository
collection Online Access
description This exploratory research aims to study the role of marketing and its relevance in small and medium sized family businesses in Nepal by comparing it to the combined review of authors and academicians in the field of SME/ entrepreneurial marketing. Although marketing is a key factor in the survival and development of business ventures, SMEs in Nepal cannot do conventional marketing because of the limitations of resources which are inherent to Nepalese SMEs and also because business owner/ managers in Nepal behave and think differently from conventional marketing decision-making practices that take place in large enterprises. In this context the discussion focuses on the characteristics of the Nepalese SMEs and how they have an impact upon the marketing characteristic within their firm. The key findings with respect to marketing competency in Nepalese SMEs and to what extent formal marketing planning is practiced in these enterprises are analyzed. An examination of eight key marketing approaches indicates that SME/ entrepreneurial marketing differ from traditional marketing theory. Family run SMEs in Nepal tends to be customer-oriented driven by the needs and wants of their customer. They target markets through bottom-up approach where they rely on customer recommendations. Even though they unconsciously follow the marketing mix, they prefer interactive marketing methods. The prefer gathering information through networking. These approaches play to their strengths and represent marketing that is more appropriate in their contexts.
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spelling nottingham-210022017-10-12T12:14:03Z https://eprints.nottingham.ac.uk/21002/ FAMILY RUN SMEs IN NEPAL AND THEIR APPROACH TO MARKETING Sanghai, Megha Sanghai This exploratory research aims to study the role of marketing and its relevance in small and medium sized family businesses in Nepal by comparing it to the combined review of authors and academicians in the field of SME/ entrepreneurial marketing. Although marketing is a key factor in the survival and development of business ventures, SMEs in Nepal cannot do conventional marketing because of the limitations of resources which are inherent to Nepalese SMEs and also because business owner/ managers in Nepal behave and think differently from conventional marketing decision-making practices that take place in large enterprises. In this context the discussion focuses on the characteristics of the Nepalese SMEs and how they have an impact upon the marketing characteristic within their firm. The key findings with respect to marketing competency in Nepalese SMEs and to what extent formal marketing planning is practiced in these enterprises are analyzed. An examination of eight key marketing approaches indicates that SME/ entrepreneurial marketing differ from traditional marketing theory. Family run SMEs in Nepal tends to be customer-oriented driven by the needs and wants of their customer. They target markets through bottom-up approach where they rely on customer recommendations. Even though they unconsciously follow the marketing mix, they prefer interactive marketing methods. The prefer gathering information through networking. These approaches play to their strengths and represent marketing that is more appropriate in their contexts. 2007 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/21002/1/megha-1.doc Sanghai, Megha Sanghai (2007) FAMILY RUN SMEs IN NEPAL AND THEIR APPROACH TO MARKETING. [Dissertation (University of Nottingham only)] (Unpublished) Family Business Nepal SME Marketing Entrepreneurship
spellingShingle Family Business
Nepal
SME
Marketing
Entrepreneurship
Sanghai, Megha Sanghai
FAMILY RUN SMEs IN NEPAL AND THEIR APPROACH TO MARKETING
title FAMILY RUN SMEs IN NEPAL AND THEIR APPROACH TO MARKETING
title_full FAMILY RUN SMEs IN NEPAL AND THEIR APPROACH TO MARKETING
title_fullStr FAMILY RUN SMEs IN NEPAL AND THEIR APPROACH TO MARKETING
title_full_unstemmed FAMILY RUN SMEs IN NEPAL AND THEIR APPROACH TO MARKETING
title_short FAMILY RUN SMEs IN NEPAL AND THEIR APPROACH TO MARKETING
title_sort family run smes in nepal and their approach to marketing
topic Family Business
Nepal
SME
Marketing
Entrepreneurship
url https://eprints.nottingham.ac.uk/21002/