THE ROLE OF MARKETING IN THE POST-WAR RESTORATION OF PARTNERSHIPS IN THE B2B MARKET

Keywords: marketing, B2B, post-war recovery, partnerships, information and communication technologies

Abstract

Marketing can play a crucial role in restoring partnerships in the B2B market after war. By building trust, facilitating communication, restoring relationships, offering incentives, and demonstrating value, marketing can help bring companies together and create a brighter future for all involved. Marketing can help build trust between companies by promoting transparency and honesty. This can be done by sharing information about products and services, prices, and other business aspects that may be relevant to the partnership. The purpose of the study is to identify the key features of the implementation and role of marketing in the post-war restoration of partnerships in the B2B market. Management should integrate the processes that ensure market culture and, accordingly, adjust the adequacy of established strategies, quality assurance and appropriate ICT support for information flow to create a competitive advantage in the market and ensure successful business processes. B2B services or partnerships can be presented in many different ways. It can be a product, service or logistics, but these can be easily copied by others. Alternatively, it can be consulting and customization, which represent intangibles and are harder to copy. All of them are important because they play an important role in differentiating B2B services from competitors. When partnering with other organizations, one party outsources certain activities to achieve a specific goal, and these activities can be found in B2B service networks. However, managing these tasks can be challenging because they are not under the control of the organization. The lack of control by the organization can have consequences for the partner's brand because if one party fails in the deal, it affects both parties and both parties' brands can suffer from the failure.

References

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Boubaker, S., Goodell, J. W., Pandey, D. K., & Kumari, V. (2022). Heterogeneous impacts of wars on global equity markets: Evidence from the invasion of Ukraine. Finance Research Letters, 48, 102934. DOI: https://doi.org/10.1016/j. frl.2022.102934

Bouchetara, M., Mokhtari, L., Lazreg, M., Zerouti, M., Iraten, S., & Elmokretar, L. (2021). Marketing Practices For Dairy Products From Small-Scale Farms, Case: Region Of Tiziouzou – Algeria. SocioEconomic Challenges, 5(4), 149-165. DOI: https://doi.org/10.21272/sec.5(4).149-165.2021

Bürgi, M., & Shields, R. (2022). Ukraine invasion exposes balancing act of brand responsibility in advertising. Digiday. Retrieved from https://digiday.com/marketing/ukraine-invasionexposes-balancing-act-of-brandresponsibility-in-advertising/

Calboli, I., & Sevastianova, V. (2022). Fashion in the Times of War: The Recent Exodus of Luxury Brands from Russia and What It Means for Trademark Law. Harvard Journal of Sports and Entertainment Law, 13. Retrieved from https://ssrn.com/abstract=4077865

Chaliuk, Y. (2022). Global SocioEconomic Implications of the Russia-Ukraine War. Economy and Society. Retrieved from https://ssrn.com/abstract=4102451

Choudhary, O. P., Saied, A. A., Priyanka, R. K. A., & Maulud, S. Q. (2022). Russo-Ukrainian war: An unexpected event during the COVID-19 pandemic. Travel Medicine and Infectious Disease, 48. DOI: https://doi/org/10.1016/j.tmaid.2022.102346

Darchia, S. (2022). Business – process for investment activity. Financial Markets, Institutions and Risks, 6(1), 46-49. DOI: https://doi.org/10.21272/fmir.6(1).46-49.2022

Horváth, A., & Balázs, G. (2020). Service Marketing Analysis Of Movies As Unique ServiceProducts. SocioEconomic Challenges, 4(2), 44-55. DOI: https://doi.org/10.21272/sec.4(2).44-55.2020

Khomenko, L., Saher, L., & Polcyn, J. (2020). Analysis of the marketing activities in the blood service: bibliometric analysis. Health Economics and Management Review, 1, 20-36. DOI: https://doi.org/10.21272/hem.2020.1-02

Kuzkin, Y., Cherkashyna, T., Nebaba, N., & Kuchmacz, B. (2019). Economic growth of the country and national intellectual capital (evidence from the postsocialist countries of the central and eastern Europe). Problems and Perspectives in Management, 17(1), 348-359. DOI: http://dx.doi.org/10.21511/ppm.17(1).2019.30

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Published
2023-03-28
How to Cite
Yarosh-Dmytrenko, L. (2023). THE ROLE OF MARKETING IN THE POST-WAR RESTORATION OF PARTNERSHIPS IN THE B2B MARKET. Economy and Society, (49). https://doi.org/10.32782/2524-0072/2023-49-44
Section
MARKETING