 Behavioural branding of frugal innovations contextual to consumption dynamics: a study of market competitiveness in micro enterprisesAnanya Rajagopal International Journal of Business Excellence, 2023, vol. 31, issue 2, 237-257 Abstract: This study analyses the attributes of market competition through in-depth analysis of buying behaviour of consumers in the consumption of frugal innovation products/services offered by micro enterprises (MEs) in emerging markets. Customer-acquisition dynamics implemented by MEs in developing behavioural branding has also been discussed in this study. Attributes such as consumer behaviour, co-creation, and behavioural branding traits and their interrelationship with the consumption of frugal innovative products has been analysed in this study. Data was collected from 322 purposively selected respondents, the consumers of innovative products and services developed by micro enterprises, within Mexico. A systematic process of application of focus group has been implemented in the study. In view of the findings discussed in the study, it can be stated that frugal innovations demonstrate cost-effective entrepreneurial econoscape. The study reveals that crowdsourcing contributes significantly to idea generation for innovative products to cater to the consumer needs and deliver solutions. Keywords: behavioural branding; frugal innovation; micro enterprises; consumption dynamics; market competitiveness. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbexc:v:31:y:2023:i:2:p:237-257 Access Statistics for this article More articles in International Journal of Business Excellence from Inderscience Enterprises Ltd |
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