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Presented by Dr. Mosses Anak Enjob, Senior Lecturer – MDIS Tashkent. 1 st Tashkent International Forum >
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Small and Medium Enterprise as we know it. Role of small business in economic development of a nation The role of advertising in SMEs Nature based tourism or eco-tourism – Role of Advertising Sample of nature based tourism – From the Malaysian perspective – role of SMEs
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The term entrepreneur and small-business owner are used interchangeably. A small business is independently owned and operated, not dominant in their field. Entrepreneurial ventures are those for which the principal objectives are innovation, profitability, and growth.
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Create opportunity for enterprising people to excel Job creation for society – private sector initiatives. Catalyst for economic development in all sectors of society To complement government effort to improve living standard of people Encourage training and development in new technology Initiate Research and development in new product and services that will benefit consumers and society
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After reviewing the evolution of entrepreneurship and examining its varying definitions, Robert C. Ronstadt, summarised entrepreneurship, as: “the dynamic process of creating incremental wealth. This wealth is created by individuals who assume the major risks in terms of equity, time, and/or career commitment of providing value for some product or service”.
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All advertising programmes initiated by SMEs aimed at business audiences require answers to four important questions:
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“Who is it that I want to communicate with?” “What do people look for who are buying my type of product (or service)?” “What message (or messages) can I use to get them interested in my products?”
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“How can I reach these people?”
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Consider them as the most likely to use your product or service, e.g. a budget traveler, as in B&B business, budget hotel, motel. Study their demographics and AIO factors and even their psychographics make-ups. AIO – Attitudes, Interest and Opinion. Niche market or unmet segments by other marketers that SMEs wish to do business with. Potential target group. Make use of any unfulfilled needs & wants in the 4P’s –product, price, place and promotion
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Think of the AIDA concept as a starting point Awareness – let it be known to others Interest – Make them like your offerings Desire – Not just like but wish to try Action – Let do it and let spend the money
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For the beginner, we have the most economical way like words of mouth, affordable advertisement, e.g. flyers, pamphlets. When the budget is there, consider using printed media like newspaper, classified ads, radio, exhibitions, cooperative advertising, local special interest magazines, etc. Electronic media – make full use of IMC if extra budget is available, e.g TV, and others.
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The next presentation will give you an example of how an integrated advertising efforts with like-minded industry players and excellent linkages with outside world has promoted the development of tourism and hospitality business at one of the 13 states in Malaysia. The state of Sabah, located in the northern tip of Borneo Island, in East Malaysia, is a popular destination for tourists within the region.
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A Bachelor of forestry graduate, Mr. Jack Lee Y.J. started his eco tourism business as an SMEs 6 years ago. He is an affable character, professional and a licensed tourist guide, a mountain climber, expert in scuba diving and jungle tracker. He trained other tourist guides in his team.
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Thank you for your attention. If there is an feedback, kindly get back to me at MDIS at Tashkent. I can be contacted at m.enjob@gmail.comm.enjob@gmail.com
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Robert C. Ronstadt, “The Educated Entrepreneurs: A New Era of Entrepreneurial Education is Beginning,” American Journal of Small Business 11, no.4 [1978]: 37-53
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