Marketing strategy, technological innovation and inventory management towards Malaysia’s food industry performance
Although the food industry is considered to be one of the sectors that contribute to the increase in country’s economy, research has also found that a relative 26.16% of independent restaurants failed during the first year of operation due to several factors such as failure to implement innovation i...
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
Future Academy
2019
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| Subjects: | |
| Online Access: | http://umpir.ump.edu.my/id/eprint/25756/1/Marketing%20Strategy%2C%20Technological%20Innovation%20and%20Inventory%20Management.pdf |
| _version_ | 1796993526520610816 |
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| author | Tengku Auwalul Hawa, Yahya Diyana, Kamarudin Nor Suraini, Mohd Hassan |
| author_facet | Tengku Auwalul Hawa, Yahya Diyana, Kamarudin Nor Suraini, Mohd Hassan |
| author_sort | Tengku Auwalul Hawa, Yahya |
| collection | UMP |
| description | Although the food industry is considered to be one of the sectors that contribute to the increase in country’s economy, research has also found that a relative 26.16% of independent restaurants failed during the first year of operation due to several factors such as failure to implement innovation in the management. This paper aims to study the significant relationship between factors that influenced and affected the performance of restaurants in Malaysia. The attributes were classified as marketing strategy, technological innovation and inventory management in the business itself. Three regions were utilized as specific research samples, specifically Kuantan, Temerloh and Rompin, which is the eastern part of Malaysia. The research found that there is a correlation between marketing strategy, technological innovation and inventory management to restaurant performance. Branding, product marketing, price considerations and location, all form part of the customer proposition. The study ascertained that the role of the marketing channels not only focuses on the demand satisfaction by offering goods, but also need to stimulate demand through information, creating proximity and promotion by customer. |
| first_indexed | 2024-03-06T12:35:18Z |
| format | Conference or Workshop Item |
| id | UMPir25756 |
| institution | Universiti Malaysia Pahang |
| language | English |
| last_indexed | 2024-03-06T12:35:18Z |
| publishDate | 2019 |
| publisher | Future Academy |
| record_format | dspace |
| spelling | UMPir257562019-08-28T08:50:25Z http://umpir.ump.edu.my/id/eprint/25756/ Marketing strategy, technological innovation and inventory management towards Malaysia’s food industry performance Tengku Auwalul Hawa, Yahya Diyana, Kamarudin Nor Suraini, Mohd Hassan HD Industries. Land use. Labor Although the food industry is considered to be one of the sectors that contribute to the increase in country’s economy, research has also found that a relative 26.16% of independent restaurants failed during the first year of operation due to several factors such as failure to implement innovation in the management. This paper aims to study the significant relationship between factors that influenced and affected the performance of restaurants in Malaysia. The attributes were classified as marketing strategy, technological innovation and inventory management in the business itself. Three regions were utilized as specific research samples, specifically Kuantan, Temerloh and Rompin, which is the eastern part of Malaysia. The research found that there is a correlation between marketing strategy, technological innovation and inventory management to restaurant performance. Branding, product marketing, price considerations and location, all form part of the customer proposition. The study ascertained that the role of the marketing channels not only focuses on the demand satisfaction by offering goods, but also need to stimulate demand through information, creating proximity and promotion by customer. Future Academy 2019 Conference or Workshop Item PeerReviewed pdf en cc_by_nc_4 http://umpir.ump.edu.my/id/eprint/25756/1/Marketing%20Strategy%2C%20Technological%20Innovation%20and%20Inventory%20Management.pdf Tengku Auwalul Hawa, Yahya and Diyana, Kamarudin and Nor Suraini, Mohd Hassan (2019) Marketing strategy, technological innovation and inventory management towards Malaysia’s food industry performance. In: The European Proceedings of Social & Behavioural Sciences EpSBS: ICBSI 2018 - International Conference on Business Sustainability and Innovation , 17-19 October 2018 , Bayan Baru, Penang, Malaysia. pp. 530-537., LXV. ISSN 2357-1330 https://doi.org/10.15405/epsbs.2019.08.53 |
| spellingShingle | HD Industries. Land use. Labor Tengku Auwalul Hawa, Yahya Diyana, Kamarudin Nor Suraini, Mohd Hassan Marketing strategy, technological innovation and inventory management towards Malaysia’s food industry performance |
| title | Marketing strategy, technological innovation and inventory management towards Malaysia’s food industry performance |
| title_full | Marketing strategy, technological innovation and inventory management towards Malaysia’s food industry performance |
| title_fullStr | Marketing strategy, technological innovation and inventory management towards Malaysia’s food industry performance |
| title_full_unstemmed | Marketing strategy, technological innovation and inventory management towards Malaysia’s food industry performance |
| title_short | Marketing strategy, technological innovation and inventory management towards Malaysia’s food industry performance |
| title_sort | marketing strategy technological innovation and inventory management towards malaysia s food industry performance |
| topic | HD Industries. Land use. Labor |
| url | http://umpir.ump.edu.my/id/eprint/25756/1/Marketing%20Strategy%2C%20Technological%20Innovation%20and%20Inventory%20Management.pdf |
| work_keys_str_mv | AT tengkuauwalulhawayahya marketingstrategytechnologicalinnovationandinventorymanagementtowardsmalaysiasfoodindustryperformance AT diyanakamarudin marketingstrategytechnologicalinnovationandinventorymanagementtowardsmalaysiasfoodindustryperformance AT norsurainimohdhassan marketingstrategytechnologicalinnovationandinventorymanagementtowardsmalaysiasfoodindustryperformance |