14 Contents Assessment Task 1:....................................................................................................................1 1.1 Introduction and business description..............................................................................1 1.2 Implementation objectives................................................................................................1 1.3 Organizational Preparedness............................................................................................2 1.4 Key stakeholders..............................................................................................................4 1.5 Communication and team building strategies..................................................................5 1.6 Implementation Schedule.................................................................................................7 1.7 Media Plan........................................................................................................................8 1.8 Budget...............................................................................................................................8 1.9 Defining metrics, measurements and control processes...................................................9 1.10 Key risks and strategies for managing the same..........................................................10 Assessment Task 2:..................................................................................................................11 2.1 Establishing standards for measuring progress towards the planned objectives............11 2.2 Communication with different stakeholders..................................................................12 2.3 Collaboration between different teams...........................................................................13 2.4 Measuring actual performance through variance analysis of budget.............................13 2.5 Methods of gathering and analysing ongoing/future market research...........................13 2.6 Internal audits.................................................................................................................13 References................................................................................................................................15
14 Assessment Task 1: 1.1 Introduction and business description Marketing is considered as the most essential and necessary activity for a business as it enables the companies to reach out to maximum potential customers across their target markets thereby achieving success and profitability in the overall business environment1. This particular research paper is intended towards exploring the different marketing strategies and steps implemented by McCafe in order to attain sustainability and competitiveness in the targetedUKmarket.Ithasbeenperceivedthatbyprovidingeveryonefreecoffee, McDonald’s has been able to make McCafe one of the biggest coffee sellers in all over UK. The demand for coffee among the British is increasing considerably with every passing day. 95 million cups of coffee are sold per day as per the reports of 2018. The prime factors influencing the targeted UK coffee market are socio-cultural preferences of the consumers, politicalfactors,fiscalandtaxationnorms,GDPgrowthoftheUKcoffeeindustry, technological and legal factors2. The overall analysis will consider the different resources and stakeholders involved in an effective marketing implementation plan adopted by McCafe for operating in UK. Essential team building strategies and media plan for promotions have also been depicted in this study. Moreover, the discussion highlighted the key risks and strategies for managing the same. 1.2 Implementation objectives This research project on McCafe’s marketing implementation plan has been undertaken in ordertoachievethefollowingobjectivesillustratedthroughtheSMARTobjectives framework: CriteriaObjectives SpecificTo investigate the importance of framing an effective marketing implementation plan for McCafe in its targeted UK market MeasurableTo prepare a proper budget plan for McCafe’s market operations in UK 1Getz, Donald. "Development, and Marketing."Sport and adventure tourism49 (2012). 2BoBo, Walker. "They Call It Le Big Mac: The Importance of Adapting to Local Preferences in Marketing Strategy." PhD diss., The University of Mississippi, 2017.
14 Attainable/AchievableTo demonstrate how different resources help in implementing a specific marketing plan for the company Realistic/RelevantTo identify the key stakeholders involved in the marketing plan TimelyTo prepare a definite timeframe for executing all the marketing activities required for McCafe 1.3 Organizational Preparedness An effective marketing plan comprises of all the necessary resources and facilities which should be employed by the HR manager of McCafe in order make sure that all the activities are undertaken in an effective manner3. The HR manager plays a pivotal role in choosing the most appropriate resources that can help the company to manage their operations successfully in the UK coffee industry. The most important resources required for McCafe in the implementation of its marketing plan are: Human resources:These resources signify the employees and the suppliers engaged within a company. Since UK is a prospective market promising all the companies to excel in their own respective industrial domains, the HR manager of McDonald’s needs to utilise this opportunity to select the best talents and potential staffs for performing the activities of McCafe in the targeted market4. The demand for coffee among the British is much higher and people spend most of the time in the cafes. The company has a large number of efficient and talented employees who have so far helped them in maintaining successful position in all their operating markets5. Hence the manager must appoint skilled staffs at the McCafe outlets in UK that will have knowledge of preparing the best quality and tasty coffee, smoothies as well as complimentary dishes as preferred by the consumers. Tasks must be allotted to them as per their specialisation and efficacies. Moreover, McCafe has a close network with all its suppliers of fresh coffee beans and other ingredients for the dishes and thus associating with them will help the company to execute all the activities in an effective manner in the targeted market. The HR manager provides all sorts of facilities and benefits to the employees and suppliers which keep them motivated and 3Nguyen, Phi. "Are you prepared for international franchising."This is a presentation given at the International Franchise Summit in Kuala(2015). 4Dib, Allan.The 1-page marketing plan. Page Two Books, 2018. 5Nguyen, Phi. "Are you prepared for international franchising."This is a presentation given at the International Franchise Summit in Kuala(2015).
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
14 committed and thus their involvement in the marketing plan implementation is much necessary6. Financial resources:McCafe operates under the name of McDonald’s since the year 1993 and it has gained immense popularity and recognition all across the whole world. The revenue margin and profitability of the company is much higher and as such, they have a considerable amount of capital in their reserve fund which they can utilise for carrying out their activities efficiently in the targeted UK food and beverage market. Moreover, capital investments are also done in the company through the savings of the owners as well as by taking loans from the banking institutions depending upon the capital they need for operating their activities. Hence the same sources can be used by McCafe for seeking financial assistance to operate effectively in the UK targeted market. Technologicalresources:McCafehasalwaysbeenverymuchsoundinits technological use. They continuously aim at innovating and implementing advanced and improved technologies in order to make speedy delivery to the consumers7. The coffee machines and other equipment installed for preparing food items are much improved and efficient enough to meet the customers’ demands much quickly8. Thus installation of such equipment and machinery should be included in the marketing implementation plan for operating in the UK market. Moreover, ICT should also be included in the plan for facilitating exchange of information and communication processeffectivelybetweendifferentdepartmentsandcustomers.Staffshaving technological knowledge must also be appointed at the cafe so that the technologies can be operated properly in favour of McCafe in the UK market. Intellectual resources:McCafe maintains customer databases in a systematic way. Moreover,theyprotecttheirproductsandservicesthroughtheirpatentsand copyrights and thus no other company has the legal authority to copy them in the market9. The company has sustained its competitive position for quite a longer period of time and thus their products and services are easily recognisable across the whole world. Hence McCafe has the capacity to protect their products and services and carry 6Dobre, Ovidiu-Iliuta. "Employee motivation and organizational performance."Review of applied socio-economic research5, no. 1 (2013). 7Yang, Man, and Peter Gabrielsson. "Entrepreneurial marketing of international high-tech business-to-business new ventures: A decision-making process perspective."Industrial Marketing Management64 (2017): 147-160. 8Curry, Jeffrey Edmund.International marketing. Laxmi Publications, Ltd., 2010. 9Chernev, Alexander.The marketing plan handbook. Cerebellum Press, 2015.
14 out their operations safely in the UK targeted market. The marketing implementation plan of the company must involve the HR manager of the company to make sure that they have effective control over their activities and functional ideas. 1.4 Key stakeholders There are several stakeholders involved in the business activities of McCafe who have specific roles and responsibilities towards leading the company to the highest peak of success andprofitability.Duringthemarketingplanimplementationandcontrolprocess,the company must interact with several stakeholders for conducting efficient business operations in the targeted market of UK such as: Employees:McCafe prioritises all its employees and considers them in the topmost positioninthestakeholderlist.Theemployeesrequirefairopportunitiesfor showcasing their skills and efficiencies at their work. McCafe understands the need for having skilful employees for managing their operations and thus the manager of the company needs to give adequate training to them so as to develop their knowledge and efficiencies in operating in their targeted UK market. Most important information regarding the marketing policies, employment legislations, political and economic factors and customers’ choices must be given to the employees so that they can have clear idea regarding the way in which they need to operate in UK. Moreover, they should be informed about the wage structure and labour laws of UK which will help them to perform satisfactorily therein. Investors:The Company has potential investors who have remained associated with them since many years. The investors play a vital role in helping McCafe to carry out their operations and functionalities effectively by investing a considerable amount of money required by them. The demands of the investors are taken into consideration by the company and their interests are served well. In order to operate in the UK market, the manager must communicate and interact with the key investors so that they can receive necessary funds or capital for maintaining their business processes in a significant way10. McCafe is a renowned cafeteria in the world and thus the manager should not have any difficulty to convince the investors to invest money for their operations in the UK market successfully. 10Smith, Paul Russell, and Jonathan Taylor.Marketing communications: an integrated approach. Kogan Page Publishers, 2004.
14 Government:The manager of McCafe should also interact with the government of UK in order to get license or permission of operating in the market. Legal rights and allowances are required for maintaining and carrying out all the market activities ethically in the targeted business environment11. The management needs to gain proper knowledge and adequate information regarding the government policies, legal measures, economic norms as well as environmental laws of UK for running their businessactivitiessmoothly.Henceinteractionsmustbeencouragedwiththe government. Customers:McCafeneedstointeractwiththecustomersofUKinorderto understand their preferences and choices. The British are quite health conscious and like to consume food that can keep them fit and healthy. McCafe’s concern was always based on the welfare of the consumers and thus their corporate social responsibility initiatives are very much effective12. Although the company’s food quality was criticised in past few years, the management needs to ensure that they provide better quality foods to the customers of UK to gain their loyalty and satisfaction. Communities:McCafe encourages various support initiatives and environmental programstoensurethewellbeingofthecommunitiesinwhichtheyoperate. Interactions with the communities have been a quite prominent activity for the company as it aims to acquire information about the issues and challenges the people face due to the consumption of unhealthy fast foods. McCafe must also conduct such programs in the UK market segment so as to make the communities aware of the healthy food items and coffees that they will be selling to the people thereby making them aware of the brand. 1.5 Communication and team building strategies Communication plays a pivotal role in the marketing plan implementation. In order to carry out the activities in the targeted market of UK, the manager of McCafe must build up efficient teams and encourage open communication and discussion among the team members so that all the processes are undertaken in a significant way13. In the marketing plan of 11Pride, William M., and Odies C. Ferrell.Foundations of marketing. Cengage Learning, 2016. 12Wu, Shwu-Ing, and Wen-Hsuan Wang. "Impact of CSR perception on brand image, brand attitude and buying willingness: A study of a global café."International Journal of Marketing Studies6, no. 6 (2014): 43. 13Zimmerman, Alan, and Jim Blythe.Business to business marketing management: A global perspective. Routledge, 2017.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
14 McCafe, all the 4 elements of the marketing mix should be taken into consideration and for each element, team building and communication is essential. The different elements of marketing mix are: Product:The products and services of McCafe are designed by the joint efforts of both the production departments and the suppliers. The production departmental head or staffs need to communicate with the suppliers regarding the supply of necessary andrelevantingredientsforpreparingthefooditems14.Coordinationand collaboration is essential between the staffs of both the functional units of the company for smooth flow of operations. Hence it is important for the manager to encourage proper teamwork between the suppliers of raw materials and the staffs of the production department. Place:For deciding over the place where McCafe can open its outlets in the whole of UK, the management needs to communicate with the government, lawyers and property owners, with the permission of the company owner. All of them should be involved in the marketing plan implementation and effective communication among them should be facilitated in order to seek permission as well as gain knowledge about several norms and legal measures to be complied with by the company. Thus a good cafe business can be executed in the UK market by McCafe15. Price:The prices of the products of the company must be decided by the manager by maintaining effective communication with the production departmental head and the distributors16. It is important to manage teamwork between them so that suitable prices can be charged on the products. Moreover, communication with the marketing departmental head is also required for the manager of McCafe so that the preferences and affordability of the consumers of the targeted market can be judged. Promotion:Promotionsneedpropercommunicationandinteractionwiththe marketing department17. Communication and interaction between the manager and marketing department team is necessary so that appropriate mediums and strategies 14Luan, Y. Jackie, and K. Sudhir. "Forecasting marketing-mix responsiveness for new products."Journal of Marketing Research47, no. 3 (2010): 444-457. 15Cant, Michael C. "Entrants and Winners of a Business Plan Competition: Does Marketing Media Play a Role in Success?."Journal of Entrepreneurship Education19, no. 2 (2016): 98. 16Gordon, Ross. "Re-thinking and re-tooling the social marketing mix."Australasian Marketing Journal (AMJ)20, no. 2 (2012): 122-126. 17Zhang, Jingwei, and Deniss Yeung. "Sales and marketing." (2016).
14 can be chosen for promoting and marketing their products and services widely in the UK market. 1.6 Implementation Schedule Itisveryimportantforthebusinessorganizationstoframeaneffectivemarketing implementationplan in which all theiractivitiesand functionalitieswill be included. Following the plan will help in conducting all their business processes in a systematic manner. Steps in the marketing planTimeschedulesforthe activities Personnelresponsiblefor undertaking the activities Selectionofplacesfor outlets 12 weeksOwner of the company Resourcingfundsfor operations 10 weeksOwnerandCEOofthe company Employing skilled staffs for different departments 15 weeksHR manager Deployingnecessary equipment and machinery 7 weeksHRmanagerand administrative head Settingshort-termand long-term targets 5 weeksCEO of the company Conductingmarket analysis 15 weeksMarketing team Selecting the menu8 weeksProductiondepartmental head Advertisingand promotions 12 weeksMarketingheadand departmental staffs 1.7 Media Plan UK market is very much tech-savvy and the people are highly associated with the use of social media channels. Digital platforms are regarded as the effective mediums for promoting the products and services of the companies in the market18. McCafe encourages the use of social media marketing practices and thus these can help them to even promote their offerings 18Wymbs, Cliff. "Digital marketing: The time for a new “academic major” has arrived."Journal of Marketing Education33, no. 1 (2011): 93-106.
14 broadlyintheUKtargetedmarket.Betterconsumerresponseandincreasedmarket opportunities can be ensured by the company through the social media sites19. Facebook, Twitter, Instagram, Pinterest and Google+ are the most preferred social media sites which can be used by McCafe in order to create maximum market awareness among the UK customers. Moreover, digital campaigns can be organized through which the consumers’ interests over its offerings can be attracted20. Traditional marketing and promotional techniques can also be used such as distribution of pamphlets and flyers on certain occasions like Good Friday, Christmas and New Year, creating children health awareness programs by involving British children so as to ensure that the child health is in the safe hands of McCafe’s food products21. 1.8 Budget The budget plan of McCafe for opening one outlet operating in UK is highlighted below: ActivitiesAmount in £ Setting locations for outlet80000 Monthly lease payments (for each outlet)1500 Security deposit1500 Insurance premiums500 Labour charges100000 Machinery and equipment cost50000 Production cost30000 Supplier and distributor charges35000 Marketing and advertising cost45000 Total343500 1.9 Defining metrics, measurements and control processes It is very important for the managers of McCafe to measure and control the performance of the resources allocated and activities undertaken in the marketing implementation plan. The 19Close, Angeline G., Ashutosh Dixit, and Naresh K. Malhotra. "Chalkboards to cybercourses: The Internet and marketing education."Marketing Education Review15, no. 2 (2005): 81-94. 20Mullins, John W., Orville C. Walker, Harper W. Boyd, and Jean-Claude Larréché.Marketing management: A strategic decision-making approach. New York: McGraw-Hill, 2013. 21Yoon, Donghwan, and Youn-Kyung Kim. "Effects of self-congruity and source credibility on consumer responses to coffeehouse advertising."Journal of Hospitality Marketing & Management25, no. 2 (2016): 167-196.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
14 intended objectives can be controlled and measured with the help of KPIs in the following ways: Activities/objectivesControlling measuresIndividuals involved Effectivenessofthe preparedmarketing implementation plan By constantly reviewing and monitoringthemarketing plan TheCEOandmarketing manager of McCafe Maintaining proper budget plan Lookingonthefinancial needsofthecompanyand forecastingthefuture requirement of funds CEO and administrative head of the company Effectivenessofdifferent resources involved Allocatingtaskstothe employeesasperthe organizationalrequirements and employee qualifications, deployingtechnological equipment and machinery for thecompany’sbenefitand checkingonthefundsand assessing their sources HR manager Performance of human and technological resources Constantmonitoringand supervision of the employee tasksandcheckingonthe machines daily Departmental heads
14 1.10 Key risks and strategies for managing the same Figure: Risks in international business Source: https://sites.google.com/site/ibwvietnam/4-risks-in-internatio TheabovefiguredepictsfourdifferentriskswhichcanbefacedbyMcCafewhile formulating their marketing plan and implementing the same in the UK market. Cross-cultural risk:The major risk that is faced by the company in the marketing implementationplanningprocessisthecross-culturaldifferencesamongthe customers. The preferences and tastes of the consumers in US and UK vary to a significant extent. Hence the demands of the British differ from the Americans which shouldbeacknowledgedbythecompanyinordertomeettheirinterests significantly22. Moreover, this risk is also faced while interacting with the employees, suppliers, distributors and other stakeholders of the market. Hence before entering in the UK market, McCafe should make complete market analysis and understand the cultural differences of the people, decision-making styles and ethical practices of the country which will help the company to successfully negotiate with the stakeholders and operate smoothly in the market. 22Christopher, Martin, Carlos Mena, Omera Khan, and Oznur Yurt. "Approaches to managing global sourcing risk."Supply Chain Management: An International Journal16, no. 2 (2011): 67-81.
14 Commercial risk:McCafe is likely to face risks in executing its operations in the competitive market of UK. If proper entry mode and time is not decided effectively, the company might face difficulties in implementing the marketing plan23. Hence the company should decide a most prospective time or season for entering in the foreign market and execute its strategies effectively as intended in the marketing plan so that the competitive intensity can be easily managed and business success can be granted. Financial risk:US and UK have variations and fluctuations in their currencies which shouldbetakenintoconsiderationbythecompany24.Especially,afterBrexit, fluctuations and changes in the foreign taxation have been greatly witnessed in UK which can pose a significant risk to McCafe while implementing the market plan. Thus the company should acknowledge these factors to avoid the negative effects of the risk on the business. Country risk:This is also a considerable risk that can be faced by McCafe while implementing its business plan. This type of risk is concerned with the government intervention,politicalinfluences,barrierstotradeandinvestment,redtape, corruption, unfavourable legislations, economic failures and social instability. All these factors differ between UK and US, and thus the management must analyse these risks well before implementing its marketing plan in the UK beverage industry25. Assessment Task 2: 2.1 Establishing standards for measuring progress towards the planned objectives ActivitiesProgress measurementOutcomes Resourcing fundsThenecessarycapitalmust be acquired by the company withinthespecified timeframe.Adequatefunds should be generated as per the tasks to be undertaken for operating business in UK. Ifadequatecapitalis acquired for the business, all the activities in the marketing plancanbeexecuted smoothly by McCafe in UK 23Armstrong, Gary.Marketing: an introduction. Pearson Education, 2009. 24Shenkar, Oded, Yadong Luo, and Tailan Chi.International business. Routledge, 2014. 25Poon, Patrick, Tsang Sing Chan, and Lianxi Zhou. "Implementation of service-learning in business education: Issues and challenges."Journal of teaching in international business22, no. 3 (2011): 185-192.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
14 Hiring skilled labourEfficientandskilful employeesneedtobe recruitedandadequate training should be given to them for the development of knowledge of the employees. Theemployeescangain enoughknowledgeand understandingonthe activitiestheyneedto undertakesothattheir performance standards can be increasedwhichwillbe beneficialforMcCafe’s operations in UK. Deployment of machinery and equipment Necessaryimproved machineryandequipment shouldbedeployedand regular supervision must be donetocheckthe effectiveness of the same. Better technologies will help in increasing the productivity levelsbyreducingexcess time and cost thus benefiting the business outcomes in UK. Advertising and promotions Appropriatemediumsand channels must be chosen for marketing and advertising the productsandservicesof McCafe. Increasedmarketawareness and consumer reach can be obtained. 2.2 Communication with different stakeholders ActivitiesCommunication with which stakeholder? Communication process Resourcing fundsCommunicationwiththe banking institutions for bank loans Meetings Hiring skilled labour and training and development Communicationbetween employees and HR manager Open regular meetings Producing better productsCommunicationwiththe production department staffs andsuppliersofraw materials Meetingsandconferences througheitherdirectlyor throughe-mailsandvideo calls
14 Advertising and promotions Communicationwith marketing departmental head e-mailingandother implementation updates 2.3 Collaboration between different teams It is very important to ensure proper team collaboration and cooperation among the staffs of different teams so as to facilitate effective outcomes from the business process of McCafe at UK. Thus the following steps should be followed: Setting a clear vision and communicating the same to the team members Establishing team goals Encouraging innovation and cohesion between team members Leveraging team strengths Motivating the team members at work Supporting the operations of different teams 2.4 Measuring actual performance through variance analysis of budget The budget plan was made for 343500 pounds. However, the actual expenses of the company have been amounted to 3105000. Therefore variance analysis of budget will be: (343500-310500) = 33000 pounds. Thus it can be stated that the planned outcomes were quite effective and favourable for the company in the UK market. 2.5 Methods of gathering and analysing ongoing/future market research Methods to gather and analyse ongoing/future market research: Conductive surveys on the targeted market to analyse different factors contributing to business development Organizing focus groups to analyse the preferences of the team members Organizing personal interviews Field trials for analysing the competition level Observing the consumers’ preferences 2.6 Internal audits a. Reasons for performance declination
14 Lack of monitoring on the team performance Lack of motivation of the team members Poor communication between the team members Unfavourable team dynamics Ineffective utilisation of resources Improper market research b. Determination of corrective actions Proper market research should be done All the resources should be utilised systematically Favourable communication among the team members Regular monitoring and supervision should be done The team members should be motivated and inspired
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
14 References Armstrong, Gary.Marketing: an introduction. Pearson Education, 2009. BoBo, Walker. "They Call It Le Big Mac: The Importance of Adapting to Local Preferences in Marketing Strategy." PhD diss., The University of Mississippi, 2017. Boyce, William. "626-W17 Global Marketing." (2016). Cant, Michael C. "Entrants and Winners of a Business Plan Competition: Does Marketing Media Play a Role in Success?."Journal of Entrepreneurship Education19, no. 2 (2016): 98. Chernev, Alexander.The marketing plan handbook. Cerebellum Press, 2015. Christopher, Martin, Carlos Mena, Omera Khan, and Oznur Yurt. "Approaches to managing global sourcing risk."Supply Chain Management: An International Journal16, no. 2 (2011): 67-81. Close, Angeline G., Ashutosh Dixit, and Naresh K. Malhotra. "Chalkboards to cybercourses: The Internet and marketing education."Marketing Education Review15, no. 2 (2005): 81-94. Curry, Jeffrey Edmund.International marketing. Laxmi Publications, Ltd., 2010. Dib, Allan.The 1-page marketing plan. Page Two Books, 2018. Dobre, Ovidiu-Iliuta. "Employee motivation and organizational performance."Review of applied socio-economic research5, no. 1 (2013). Getz, Donald. "Development, and Marketing."Sport and adventure tourism49 (2012). Gordon,Ross."Re-thinkingandre-toolingthesocialmarketingmix."Australasian Marketing Journal (AMJ)20, no. 2 (2012): 122-126. Luan,Y.Jackie,andK.Sudhir."Forecastingmarketing-mixresponsivenessfornew products."Journal of Marketing Research47, no. 3 (2010): 444-457. Mullins, John W., Orville C. Walker, Harper W. Boyd, and Jean-Claude Larréché.Marketing management: A strategic decision-making approach. New York: McGraw-Hill, 2013. Nguyen, Phi. "Are you prepared for international franchising."This is a presentation given at the International Franchise Summit in Kuala(2015).
14 Poon, Patrick, Tsang Sing Chan, and Lianxi Zhou. "Implementation of service-learning in business education: Issues and challenges."Journal of teaching in international business22, no. 3 (2011): 185-192. Pride, William M., and Odies C. Ferrell.Foundations of marketing. Cengage Learning, 2016. Shenkar, Oded, Yadong Luo, and Tailan Chi.International business. Routledge, 2014. Smith,PaulRussell,andJonathanTaylor.Marketingcommunications:anintegrated approach. Kogan Page Publishers, 2004. Wu, Shwu-Ing, and Wen-Hsuan Wang. "Impact of CSR perception on brand image, brand attitudeandbuyingwillingness:Astudyofaglobalcafé."InternationalJournalof Marketing Studies6, no. 6 (2014): 43. Wymbs,Cliff."Digitalmarketing:Thetimeforanew“academicmajor”has arrived."Journal of Marketing Education33, no. 1 (2011): 93-106. Yang, Man, and Peter Gabrielsson. "Entrepreneurial marketing of international high-tech business-to-businessnewventures:Adecision-makingprocessperspective."Industrial Marketing Management64 (2017): 147-160. Yoon, Donghwan, and Youn-Kyung Kim. "Effects of self-congruity and source credibility on consumerresponsestocoffeehouseadvertising."JournalofHospitalityMarketing& Management25, no. 2 (2016): 167-196. Zhang, Jingwei, and Deniss Yeung. "Sales and marketing." (2016). Zimmerman, Alan, and Jim Blythe.Business to business marketing management: A global perspective. Routledge, 2017.