6. “Entrepreneurial marketing is defined as the proactive
identification, evaluation and exploitation of opportunities
for acquiring and retaining profitable customers through
innovative approaches to risk management, resource
leveraging and value creation” Schindehutte et al., pp29
7. The times…they are a-changin'
Traditional Marketing
4P's
Product/
Service
Promotion
Price
Place
Entrepreneurial Marketing
4C's
Communication within
Communities
• Engage your customer/user
• It’s about conversations, not messages
• Pull vs. push
• Consumer-generated media
Co-Creation
• Customers as a resource
• Crowdsourcing instead of outsourcing
• Bottom-up marketing
Customizable Personal
Value
• Crowds vs. “individuals”
Choice/
Convenience
• Be where the customer is
8. Entrepreneurial marketing has
7 underlying dimensions:
✓ Proactiveness
✓ Calculated risk taking
✓ Innovativeness
✓ Be opportunity obsessed
✓ Leverage resources
✓ Value creation
✓ Customer intimacy
Lots of overlapping areas!