MARKETING CAPABILITY, MARKETING STRATEGY, AND PERFORMANCE OF LIQUOR ENTERPRISES: A PERSPECTIVE OF RETAILERS IN GUIZHOU, REPUBLIC OF CHINA

Main Article Content

Zhang Shu
Chonnatcha Kungwansupaphan
Ubonwan Suwannapusit

บทคัดย่อ

This research aims to 1) study the levels of marketing capability, marketing strategy, and performance of liquor enterprises in Guizhou Province and 2) analyze the effects of marketing capability and marketing strategy on the performance of liquor enterprises in Guizhou Province. A quantitative research approach was applied in this study with a sample size of 392 retailers of M-Group enterprise in Guizhou Province, Republic of China. Data analysis employed descriptive statistics, including percentage, mean, and standard deviation for demographic characteristics, while multiple regression statistics were calculated to analyze related factors and test hypotheses. The study results have revealed that marketing capabilities and strategies positively influence the enterprise’s performance, with statistical significance at the 0.001 level, and can predict 50.80% of Guizhou liquor enterprise performance. The study results provide recommendations for policymakers and entrepreneurs to develop effective marketing capabilities and strategies to influence and ultimately improve the corporate performance of Guizhou liquor enterprises in China.

Article Details

รูปแบบการอ้างอิง
Shu, Z., Kungwansupaphan, C. ., & Suwannapusit, U. (2025). MARKETING CAPABILITY, MARKETING STRATEGY, AND PERFORMANCE OF LIQUOR ENTERPRISES: A PERSPECTIVE OF RETAILERS IN GUIZHOU, REPUBLIC OF CHINA. วารสารปัญญาภิวัฒน์, 17(1), 105–121. สืบค้น จาก https://so05.tci-thaijo.org/index.php/pimjournal/article/view/271687
ประเภทบทความ
บทความวิจัย

เอกสารอ้างอิง

Abiodun, E. A., & Kolade, O. G. (2020). Marketing strategies impact on organizational performance. International Journal of Scientifc & Technology Research, 9(1), 1758-1762.

Ahmad, K., & Zabri, S. M. (2016). The application of non-financial performance measurement in Malaysian manufacturing firms. Procedia Economics and Finance, 35, 476-484.

Ameyibor, L. E. K., Anabila, P., & Saini, Y. K. (2021). Brand positioning and business performance of alcoholic beverage firms in an emerging market context: The mediation effect of brand equity. International Journal of Wine Business Research, 34(1), 133-154.

Blesa, A., & Ripollés, M. (2008). The influence of marketing capabilities on economic international performance. International Marketing Review, 25(6), 651-673.

Cao, Y., & Zhang, Q. (2011). The effect of marketing capability on frm performance: Evidence from Chinese frms. Journal of Business Research, 64(7), 764-771.

Chen, G., & Zhao, W. (2021). Application research of non-financial indicators in the evaluation of enterprise performance. In 2020 International Conference on Modern Education Management, Innovation and Entrepreneurship and Social Science (MEMIESS 2020) (pp. 103-108). Atlantis Press.

Cheng, T. (2017). Research on marketing strategy of electronic components. In 4th International Conference on Education, Management, Arts, Economics and Social Science (ICEMAESS 2017) (pp. 236-240). Atlantis Press.

Cigarette Network, Famous Wine Consultation. (2023). The top ten Guizhou liquor rankings what are the brands of Guizhou liquor? https://www.cnxiangyan.com/jiu/65953.html

Day, G. S. (1994). The capabilities of market-driven organizations. Journal of Marketing, 58(4), 37-52.

_______. (2011). Closing the marketing capabilities gap. Journal of Marketing, 75(4), 183-195.

Dong, W., & Xu, H. (2019). Industry integration helps market expansion of Guizhou liquor industry. In 2019 3rd International Conference on Education, Management Science and Economics (ICEMSE 2019) (pp. 572-575). Atlantis Press.

Dutta, S., Zbaracki, M. J., & Bergen, M. (2003). Pricing process as a capability: A resource based perspective. Strategic Management Journal, 24(7), 615-630.

Ellis, P. D., Davies, H., & Wong, A. H. K. (2011). Export intensity and marketing in transition economies: Evidence from China. Industrial Marketing Management, 40(4), 593-602.

Guizhou Maotai Annual Report. (2022). Kweichow Moutai Co., Ltd. annual report 2022. https://money.finance.sina.com.cn/corp/view/vCB_AllBulletinDetail.php?stockid=600519&id=8941228

Hair, J., Black, W., Babin, B., & Anderson, R. (2010). Multivariate data analysis: A global perspective. Pearson Education.

Hoerl, R. W., & Snee, R. D. (2020). Statistical thinking: Improving business performance. John Wiley & Sons.

Homburg, C., Stierl, M., & Bornemann, T. (2009). Corporate branding: Hubris or strategic marketing? Journal of Marketing, 73(6), 135-152.

Idris, J. (2021). Marketing mix 4Cs: Impact on Small and Medium Entrepreneurs (SMEs) marketing performance. In The 8th International Conference on Management and Muamalah (pp. 221-226). Kolej Universiti Islam Antarabangsa Selangor (KUIS). https://conference.uis.edu.my/icomm/8th/

Juanamasta, I. G., Wati, N. M. N., Hendrawati, E., Wahyuni, W., Pramudianti, M., Wisnujati, N. S., Setiawati, A. P., Susetyorini, S., Elan, U., Rusdiyanto, R., & Astanto, D. (2019). The role of customer service through Customer Relationship Management (CRM) to increase customer loyalty and good Image. International Journal of Scientifc and Technology Research, 8(10), 2004-2007.

Kajalo, S., & Lindblom, A. (2015). Market orientation, entrepreneurial orientation, and business performance among small retailers. International Journal of Retail and Distribution Management, 43(7), 580-596.

Kaleka, A., & Morgan, N. A. (2019). How marketing capabilities and current performance drive strategic intentions in international markets. Industrial Marketing Management, 78, 108-121.

Kemper, J., Engelen, A., & Brettel, M. (2011). How top management’s social capital fosters the development of specialized marketing capabilities: A cross-cultural comparison. Journal of International Marketing, 19(3), 87-112.

Kohli, A. K., & Jaworski, B. J. (1990). Market orientation: The construct, research propositions, and managerial implications. Journal of Marketing, 54(2), 1-18.

Kotler, P., & Keller, K. L. (2016). Marketing management. Pearson Education Limited.

Lagat, C., & Frankwick, G. L. (2017). Marketing capability, marketing strategy implementation and performance in small frms. Journal for Global Business Advancement, 10(3), 327-345.

Lăzăroiu, G., Ionescu, L., Andronie, M., & Dijmărescu, I. (2020). Sustainability management and performance in the urban corporate economy: A systematic literature review. Sustainability, 12(18), 7705.

Liu, Y., & Wei, Z. (2017). The impact of marketing strategies on firm performance: A study of Chinese firms. Journal of Business Research, 81, 56-64.

Martin, S. L., & Javalgi, P. R. G. (2016). Entrepreneurial orientation, marketing capabilities and performance: The moderating role of competitive intensity on Latin American international new ventures. Journal of Business Research, 69, 2040-2051.

Martin, S. L., Javalgi, R. G., & Cavusgil, E. (2017). Marketing capabilities, positional advantage, and performance of born global firms: Contingent effect of ambidextrous innovation. International Business Review, 26(3), 527-543.

Martin, S. L., Javalgi, R. R. G., & Ciravegna, L. (2020). Marketing capabilities and international new venture performance: The mediation role of marketing communication and the moderation effect of technological turbulence. Journal of Business Research, 107, 25-37.

Morgan, N. A., Whitler, K. A., Feng, H., & Chari, S. (2019). Research in marketing strategy. Journal of the Academy of Marketing Science, 47, 4-29.

Narver, J. C., Slater, S. F., & MacLachlan, D. L. (2004). Responsive and proactive market orientation and new-product success. Journal of Product Innovation Management, 21(5), 334-347.

Renfana, L., & Ardana, Y. (2021). Company internal factors and their influences on financial performance. International Journal of Islamic Economics, 3(2), 177-193.

Rovinelli, R. J., & Hambleton, R. K. (1976). On the use of content specialists in the assessment of criterion-referenced test item validity. Laboratory of Psychometric and Evaluative Research Report, 24, 1-37.

Whalen, P., & Akaka, M. (2015). A dynamic market conceptualization for entrepreneurial marketing: The cocreation of opportunities. Journal of Strategic Marketing, 24(1), 61-75.

Wongkraisri, S. (2014). The marketing mix model 4’Cs and 4’Fs, the advertising on social network, and the marketing activities affecting the customer’s intention to use the artifcial turf football field in Bangkok [Master’ thesis]. Bangkok University.

Xu, Y., Li, J., & Zhao, Y. (2017). The impact of marketing capability on firm performance: Evidence from China. Journal of Business Research, 81, 27-34.

Yang, H. (2022). Research on the marketing strategy of Joybo. In 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022) (pp. 503-506). Atlantis Press.

Zatira, D., & Suharti, E. (2022). Determinant of corporate social responsibility and its implication of financial performance. Jurnal Akuntansi, 26(2), 342-357.

Zou, S., Fang, E., & Zhao, S. (2003). The effect of export marketing capabilities on export performance: An investigation of Chinese exporters. Journal of International Marketing, 11(4), 32-55.