[KCI] Environment, Marketing and Performance: Social Commerce News Content Analysis

posted Mar 16, 2015, 5:26 AM by CWS Yonsei   [ updated Mar 16, 2015, 6:11 AM ]
Kang, S.-J., Park, J.-G., & Lee, J. (2013). Environment, Marketing and Performance: Social Commerce News Content Analysis. Journal of the Korea Academia-Industrial cooperation Society, 14(11), 5522-5529.

Abstract
The purpose of this study was to look into the marketing strategies of social commerce companies by analyzing the relationships among the environment, strategy and performance in social commerce. For that, the environment condition and components of marketing strategy were derived based on the marketing mix by analyzing the related contents published in 3,783 articles on newspapers dated from April 2010 to March 2013. UV(Unique Visitor) and PV(Page View) for each social commerce site were used as surrogates for performance. The results of study revealed the relationship of the marketing strategies to the changes in environment conditions towards negative conditions such as the spread of buyer anxiety. In the "strategy-performance" relations, the product element and external sales promotion element had high correlation with the performance. Finally, a difference was found in the marketing strategies of social commerce companies. High correlation was found in all aspects between the UV and PV marketing elements in the case of Coupang, while the correlation with the UV was low and the environment also showed relatively low correlation level in the case of WEmakePRICE. Thus, this study is considered to provide useful basis for the social commerce companies to map out and implement the marketing strategies, and is significant in that it applied the marketing mix to the special market environment such as social marketing.

Keywords
Marketing Strategy, Marketing Mix, Social Commerce