Changes in marketing management induced by the COVID-19 pandemic: Lithuanian organisations’ marketing landscape

MiglÄ— Å ontaitÄ—-PetkeviÄ ienÄ—, Asta KyguolienÄ—, Viktorija GrigaliÅ«naitÄ—, Mihaela Onofrei, Bogdan-Narcis Firtescu and Paula-Andreea Terinte
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MiglÄ— Å ontaitÄ—-PetkeviÄ ienÄ—: None
Asta KyguolienÄ—: None
Viktorija Grigaliūnaitė: None

Scientific Annals of Economics and Business (continues Analele Stiintifice), 2021, vol. 68, issue 3, 379 - 404

Abstract: The COVID-19 pandemic has affected all aspects of people's lives, politics, and business. The pandemic forced businesses to overlook their strategies including the marketing function. Therefore, the research aims to determine changes in organizations’ marketing management that have been induced by the COVID-19 pandemic in Lithuania. To achieve the aim of the research the analysis and synthesis of scientific literature and questionnaire research have been applied. The analysis of the research results revealed that organisations increasingly take advantage of the benefits of e-commerce. Nevertheless, most of the organisations do not follow global recommendations not to decrease marketing or advertising budgets during the crisis, and it was especially evident during the first wave of the COVID-19 pandemic. Moreover, the assumption could be made that the COVID-19 pandemic will accelerate the paradigm shift in a business-consumer relationship. The provided results are valuable for scientists as well as marketing practitioners. Insights provided in the research will enable organisations to react appropriately to the crisis and take necessary marketing actions. Moreover, the received results have indicated the changes which occurred in the marketing landscape. These findings create scientific value and provide a basis for further research. JEL Codes - H62; H62

Keywords: COVID-19; pandemic; crisis; marketing; marketing management; corporate governance; financial reporting; bank profitability (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:aic:saebjn:v:68:y:2021:i:3:p:379-404:n:217

DOI: 10.47743/saeb-2021-0018

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