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Marketing Strategies of Small Business Owners of Baao Camarines Sur
Marketing Strategies of Small Business Owners of Baao Camarines Sur
Region V
Division of Camarines Sur
BAAO NATIONAL HIGH SCHOOL
Baao, Camarines Sur
SENIOR HIGH SCHOOL DEPARTMENT
CAMARINES SUR“
(A Quantitative Research)
Immersion.
Researcher
March 2020
DEPARTMENT OF EDUCATION
Region V
Division of Camarines Sur
BAAO NATIONAL HIGH SCHOOL
Baao, Camarines Sur
SENIOR HIGH SCHOOL DEPARTMENT
Chapter I
INTRODUCTION
Goi (2005) define marketing strategy as the set of the marketing tools
that firms use to pursue their marketing objectives in the target market.
with them and create a growth. Therefore, for the organization to cope with the
all staff within the organization to provide the appropriate lend of service to
which is accessible and designed to aid decision making. (Ma Cristina, Enrique &
Ricardo 2012).
DEPARTMENT OF EDUCATION
Region V
Division of Camarines Sur
BAAO NATIONAL HIGH SCHOOL
Baao, Camarines Sur
SENIOR HIGH SCHOOL DEPARTMENT
Small enterprises are the backbone of any economy as they not only
create job but they also considered as a major channel of innovation, it also
constitute a vibrant and dynamic sector of the industrial. There are business
The selected barangay in Baao, Camarines Sur will be the setting of the
research and selected small business owners are the respondent of the said
study.
The overall purpose of this study is to give some helpful ideas and
owners. It also seeks to present the marketing strategies in small business from
strategies are not one time process but a varied and unique action which is
a. Age,
b. Sex,
c. Civil Status
d. Educational Attainment,
small business?
vary.
business.
This study focused in all the marketing aspects which could help to
develop and run the promotional plan. This study will also focused on
Municipality of Baao for the second semester of the school year 2019-
2020.
results of this study may help and contribute a new insights to the small
business owner. This may enable them to identify gaps in their strategic which
in the study will serve as the basis in identifying effective strategic business
COMMUNITY. This study will be useful and can serve as a guide to the
community if they are planning to start a small business. It will also help them
information the field of educational research. The result of the study will be
of study of similar nature. This study can be their basis and pattern that can help
Below is a review of related literature and studies relevant to the present study
which were taken from published and unpublished materials. These related
However, the compromise is that marketing strategy provide the avenue for
utilizing the resources of an organization in order to achieve its set goals and
objectives.
Goi (2005) define marketing strategy as the set of the marketing tools
that firms use to pursue their marketing objectives in the target market; the
strength, direction, and interaction between the marketing mix- elements and
outlining where, when, and how the firm will compete but also by their ability to
execute the
DEPARTMENT OF EDUCATION
Region V
Division of Camarines Sur
BAAO NATIONAL HIGH SCHOOL
Baao, Camarines Sur
SENIOR HIGH SCHOOL DEPARTMENT
marketing strategy decision options chosen (Varadarajan, 2010).
strategies are discussed. Market leader is one of the strategies. The first element
of market leader strategy is to ensure that the product or service is at the top of
dominating the market and emerging market leader. The market leader will
be developing the right marketing mix to ensure the products and services
satisfy the consumer needs. This must be through creating the right product at
the right place sold at the right price using the suitable promotions. Innovations
improving the performance of the product and thus customer satisfaction. Lastly,
the existing product in the market while vertical integration concerns reducing
consumers
When planning a strategy for a business, first set priorities, then focus
energy and resources, strengthen operations, ensure that employees and other
stake holders are working toward common goals, establish agreement around
intended outcomes or results, and assess and adjust the organization’s direction
organization is going and the actions needed to make progress, but also how it
development. The purpose of this study is to explore the strategies used by small
business owners.
Modilim, 2016 say that, It is found that small business leaders’ success
strategies, like minimizing debt and overhead expenses, good record keeping,
DEPARTMENT OF EDUCATION
Region V
Division of Camarines Sur
BAAO NATIONAL HIGH SCHOOL
Baao, Camarines Sur
SENIOR HIGH SCHOOL DEPARTMENT
skills and expertise are essential for small business success. Additionally, small
and preparation before launching their business idea which should reflect the
its business will create clear, well-defined plans that it will then put in action to
achieve its goals and to align its business activities, so that the business will be
in harmony with those goals. It will also allocate all of the necessary resources to
exist on the market place of the unstable balance of the business environment
forces and other influencing factors that can be identified in the actual economic
context, especially in the transition economies, where SMEs (Small and Medium
sized Enterprises) are very predominant and also very young and inexperienced
Chiliya, Herbst and Robert Combard (2009) said that marketing strategy
also as a way of providing a quality goods for a customers that satisfies their
needs and also offering affordable prize to the customers and engaging in wider
DEPARTMENT OF EDUCATION
Region V
Division of Camarines Sur
BAAO NATIONAL HIGH SCHOOL
Baao, Camarines Sur
SENIOR HIGH SCHOOL DEPARTMENT
distribution with effective promotion strategy. Mustapha (2013) also says that
marketing strategy starts with market research, developing vision about the
engages into marketing strategy are more likely to be more competitve in the
business field. The small businesses will have a good image, thus attracting more
considered first developing strategies. These are the targets customers, pricing,
the selection of a certain strategy, and they seek to recognize forces that
improve company performance (Samie & Roth, 1992). Jain (1989) states that
business owners. On the basis of reviewed studies, the present study is a modest
statistical explanation to the small business owners on how will they promote the
small business.
DEPARTMENT OF EDUCATION
Region V
Division of Camarines Sur
BAAO NATIONAL HIGH SCHOOL
Baao, Camarines Sur
SENIOR HIGH SCHOOL DEPARTMENT
Theoretical Framework
Maritz’s Theory
There are as many marketing theories as there are products and services.
None work for every product in every situation. In fact, to paraphrase marketing
pioneer John Wanamaker, half of every marketing dollar is wasted. The problem
is, we don't know which half. Still, several marketing theories have stood the test
I. Product Strategy
the question “what to produce?” and strategy involves the choices made on
product design, design of the elements of the product mix, packaging, branding,
Danziger (2014) said that price strategy plays a major influencing role on
the behavior of customers in choosing a retail store. Krishnan, Bass, & Jain
(1999) studied the optimal pricing strategy while introduction of a new product in
the market and the influence of price on the diffusion of the product and
DEPARTMENT OF EDUCATION
Region V
Division of Camarines Sur
BAAO NATIONAL HIGH SCHOOL
Baao, Camarines Sur
SENIOR HIGH SCHOOL DEPARTMENT
monotonically declining pricing policy are considered as the optimal policy. The
process of adjusting the price of the product according to the state of the market
services physically available to the consumers in the market. Effective and skilful
(Vadlamudi, 2014).
used to inform, persuade, and /or remind people about an organization’s goods,
of technology consumers expect firms to interact with them more often through
multiple channels. This has become a challenge for the businesses today
especially the small businesses who finds it difficult to allocate resources for the
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research guide for the study. The researchers used the Input-Process-Output
(IPO) model.
Input. the main input of this study is the profile of the respondent in
terms of: Age, Sex, Civil status, Educational Attainment, types of business, how
years since the business started and the marketing strategies of small business.
Output. This study-based from seminar and workshop that would provide
Output
Input
DEPARTMENT OF EDUCATION
Region V
Division of Camarines Sur
BAAO NATIONAL HIGH SCHOOL
Baao, Camarines Sur
SENIOR HIGH SCHOOL DEPARTMENT
Figure 2.Conceptual Paradigm
Definition of Terms
To better appreciate the study, the following terms are conceptually and/ or
operational defined.
Age. The length of a person’s existence from the day the person was
(Merriam Webster)
(Merriam Webster)
2014).
2013).
End Notes
Research Methodology
in the study. Among those included are the following: the research methodology,
Research Method
This study utilized the Quantitative type of the study which uses statistics
analysis.
Research Design
present existing condition. The principal aims are to describe the nature of a
situation, as it exist at the time of the study and to explore the cases of
The respondents of the study are the selected business owners of Baao
Camarines Sur.
DEPARTMENT OF EDUCATION
Region V
Division of Camarines Sur
BAAO NATIONAL HIGH SCHOOL
Baao, Camarines Sur
SENIOR HIGH SCHOOL DEPARTMENT
In determining the respondents, the researcher used the stratified
sampling and uses simple random sampling. The researcher seek help in
Negosyo Center to asked for the list of the total numbers of small business
respondent of the study will be delimited to the small business owners. The
The primary tool used in this study was the survey questionnaire. The
Statistical Treatment
respondents of the study. Slovin’s Formulais used to calculate the sample size
(n) given the population size (N) and a margin of error (e).
2003).
Slovin's Formula
N
n=
1+( N )(e)2
Where:
DEPARTMENT OF EDUCATION
Region V
Division of Camarines Sur
BAAO NATIONAL HIGH SCHOOL
Baao, Camarines Sur
SENIOR HIGH SCHOOL DEPARTMENT
N= population
e= margin of error
n= sample size
Percentage Formula
This was used analyse and describe the socio-demographic profile of the
technique .
P=
∑ x ×100
N
Where:
P= percentage
∑ x = observed cases
100= constant
DEPARTMENT OF EDUCATION
Region V
Division of Camarines Sur
BAAO NATIONAL HIGH SCHOOL
Baao, Camarines Sur
SENIOR HIGH SCHOOL DEPARTMENT
Chi- Square’s Test is a statistic that is a sum of terms each of each of which is
x 2=
∑ (O−E)
E
Where:
∑ ¿Summation
O=Observe Frequency
E=Expected Frequency
DEPARTMENT OF EDUCATION
Region V
Division of Camarines Sur
BAAO NATIONAL HIGH SCHOOL
Baao, Camarines Sur
SENIOR HIGH SCHOOL DEPARTMENT
Appendices
DEPARTMENT OF EDUCATION
Region V
Division of Camarines Sur
BAAO NATIONAL HIGH SCHOOL
Baao, Camarines Sur
SENIOR HIGH SCHOOL DEPARTMENT
Appendix A
March__, 2020
Principal II
Good day!
In this regard, I would like to ask for your permission to conduct study
outside the school. Rest assured that I will conduct this study during our
vacant time.
I’m hoping for your consideration and approval regarding this matter.
Sincerely Yours,
Noted:
ARABELLA B. MENDEZ
Approved:
JOVITA B. BOLALIN
Assist. Principal
Principal II
DEPARTMENT OF EDUCATION
Region V
Division of Camarines Sur
BAAO NATIONAL HIGH SCHOOL
Baao, Camarines Sur
SENIOR HIGH SCHOOL DEPARTMENT
Appendix B
Validation Letter
Dear, Madam/Sir:
Good Day!
Its purpose is to determine the strategies that are being employed or adapt
by every small business owners in promoting their business.
I am hoping for your responses about this important matter, Thank you very
much.
Sincerely yours,
Noted:
Teacher
ABM 11 Adviser
DEPARTMENT OF EDUCATION
Region V
Division of Camarines Sur
BAAO NATIONAL HIGH SCHOOL
Baao, Camarines Sur
SENIOR HIGH SCHOOL DEPARTMENT
Appendix C
Dear Respondents,
Greetings!
Rest assured that all of the information will be treated with utmost
confidentiality.
Thank you very much for sharing your precious time and effort.
Sincerely Yours,
Noted:
ARABELLA B. MENDEZ
Approved:
JOVITA B. BOLALIN
Assist. Principal
LILIBETH F. MORALDE,PhD
Principal II
DEPARTMENT OF EDUCATION
Region V
Division of Camarines Sur
BAAO NATIONAL HIGH SCHOOL
Baao, Camarines Sur
SENIOR HIGH SCHOOL DEPARTMENT
Appendix D
Profiling of Questionnaire
Dear Respondents,
Part B.
Does the strategy you use in business helps you to attract the
customer?
Yes No
. Does the strategy you use helps you to grow your business?
Yes No
DEPARTMENT OF EDUCATION
Region V
Division of Camarines Sur
BAAO NATIONAL HIGH SCHOOL
Baao, Camarines Sur
SENIOR HIGH SCHOOL DEPARTMENT
Appendix E
Slovin's Formula
N
n= 2
1+( N )(e)
Where:
N= population
e= margin of error
n= sample size
DEPARTMENT OF EDUCATION
Region V
Division of Camarines Sur
BAAO NATIONAL HIGH SCHOOL
Baao, Camarines Sur
SENIOR HIGH SCHOOL DEPARTMENT
Appendix F
Personal Information :
Sex : Female
Educational Attainment :