dc.description.abstract |
One of the most significant functional strategies small and medium enterprises (SMEs) apply to
improve performance is a marketing strategy. This study aims to investigate the effect of
marketing strategy on business performance of SMEs in Debre Markos City. Only quantitative
research methods and both descriptive and explanatory research designs were employed in
accordance with the research objectives and queries. Purposive sampling and proportionate
stratification were the only approaches used in the study. A systematic questionnaire was created
and sent to 382 owners and/or managers of SMEs in the four sub cities (Teklehaimanot, tedla
gualu, abema, menkorer) as a sample in order to obtain quantitative data. 350 questionnaires
have been received and are valid for data processing, representing a 91.6% response rate. The
quantitative information was examined using approaches that use inference and description.
According to the results of descriptive statistics, product, price, promotion, place, and customer
orientation all had mean scores that were oriented towards agreement. Performance, the
dependent variable, and each independent variable show a strong association. Product was
more strongly correlated with performance in this instance. Similarly, only five of the predictor
variables, product, price, promotion, place, customer orientation, and product had a positive and
substantial effect on the performance of SMEs. This was revealed by the empirical results of the
multiple regression. These independent variables were significant joint predictors of
performance, according to the findings. The independent variables explained 70.0% of the
performance variance collectively. Lastly, suggestions were made for SMEs based on the findings
of the study. |
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