Transformation of the marketing mix in the context of the digital economy and innovative changes
DOI:
https://doi.org/10.33216/1998-7927-2024-286-6-51-58Keywords:
marketing mix, marketing mixdigital economy, digitalization, innovative changes, globalization, marketing infrastructure, digital technologies, digital marketing, entrepreneurship ecosystem, business models, infrastructural changes, innovative development digital developmentAbstract
In the modern world, marketing is undergoing significant transformations associated with the development of digital technologies and innovative changes that determine new trends in the business environment. The digital economy, which includes the widespread use of the Internet, mobile technologies and big data, is making serious adjustments to traditional approaches to marketing management. Not only strategies and tools are changing, but also the very principles of interaction with consumers, which is made possible by the application of innovations in the field of information technology. The transition to a digital economy has become a catalyst for the creation of new business models that require companies to quickly adapt to new realities. The marketing complex, which includes product, price, promotion and place, is experiencing profound changes caused not only by digitalization, but also by constant innovations that require enterprises to be able to quickly respond to changes in the external environment. The purpose of the article is to determine the features of modern transformations of the marketing complex under the influence of the digital economy and other innovative changes. The main methods used in the work are: analysis method, synthesis method, logical method, comparison method, observation method, deduction method, induction method, graphic method. The process of transformation of the marketing complex in the conditions of the digital economy and innovative changes is inevitable and determines new approaches to interaction with consumers, brand management and creating value for customers. Digital technologies not only change the ways of promoting goods and services, but also significantly affect the very nature of marketing strategies. They allow companies to access large volumes of data, which contributes to more accurate audience segmentation, personalization of communications and increased effectiveness of marketing campaigns. Innovative changes, such as artificial intelligence, blockchain, big data and other technologies, open up new opportunities for business, allowing to optimize processes, increase the level of interaction with customers and reduce costs. However, these changes also pose new challenges related to the need to constantly update the knowledge and skills of marketers, as well as adapt business processes to a rapidly changing technological environment. Therefore, the transformation of the marketing mix in the digital economy is an important stage for modern enterprises that strive to remain competitive. Companies must actively implement innovative technologies and adapt their strategies to new market requirements. Only in this way can long-term success and sustainable development be ensured in a world where technology and innovation are the main drivers of change.
References
1. Desyatnyuk, O., Krysovatyy, A., Ptashchenko, O. and Kyrylenko, O. Enhancing financial inclusivity and accessibility of financial services through digital technologies. AD ALTA: Journal of Interdisciplinary Research. 2024. Pp. 65-69. ISSN 1804-7890 https://www.magnanimitas.cz/ADALTA/140142/papers/A_13.pdf
2. Krysovatyy, A., & Ptashchenko, O. The mechanism of entrepreneurial innovation system in institutions of higher education. Economics of Development, (2023). 22(2),51-60. https://doi.org/10.57111/econ/2.2023.51. URL: https://ecdev.com.ua/uk/journals/t-22-2-2023/mekhanizm-pidpriyemnitskoyi-innovatsiynoyi-sistemi-u-zakladakh-vishchoyi-osviti
3. Shtal, T., Ptashchenko, O., Rodionov, S., & Kurtsev, O. Implementation of modern marketing tools in entrepreneurial activity. Economics of Development, 2023. 22(4), 53-63. doi: 10.57111/devt/4.2023.53. URL: https://ecdev.com.ua/uk/journals/t-22-4-2023/implementatsiya-suchasnogo-marketingovogo-instrumentariyu-v-pidpriyemnitsku-diyalnist
4. Sobko, O., Boichyk, I., Gavkalova, N., Ovcharenko, I., & Kyrylenko, S. Navigating the digital landscape: pioneering paths and hurdles of entrepreneurial innovation. Revista Electrónica De Investigación En Ciencias Económicas, 2024. 12(23), 208–226. https://doi.org/10.5377/reice.v12i23.18285
5. Zaitsev, Y., Krysovatyy, I., Gavkalova, N., Sobko, O. and Boichyk, V. Interaction of Digitization and Corporate Social Responsibility in the Context of Sustainable Development. Econ. Aff., 69(Special Issue): 2024. 217-227. URL: https://ndpublisher.in/admin/issues/EAv69n1w.pdf
6. Єлісєєва Л.В. Вплив інформатизації та цифровізації економіки на трансформацію соціального капіталу. Ефективна еко-номіка. 2019. №11. URL: http://www.economy.nayka.com.ua/?op=1&z=7429
7. Карчева Г.Т., Огородня Д.В., Опенька В.А. Цифрова економіка та її вплив на розвиток національної та міжнародної економіки. Фінансовий простір. 2017. №3(27). С. 13–21.
8. Кириленко С.В. Формування інноваційної екосистеми підприємництва в умовах цифрової економіки. Вісник Східноукраїнського національного університету імені Володимира Даля, 2024. Вип. 4 (284). С. 36-42. (Index Copernicus). DOI: https://doi.org/10.33216/1998-7927-2024-284-4-36-42 https://journals.snu.edu.ua/?journal=VisnikSNU
9. Кириленко С.В. Система економічної безпеки в умовах цифрової економіки. Журнал стратегічних економічних досліджень, № 1(18), 2024. С. 40-47 3. URL: https://en.econ-vistnyk.knutd.edu.ua/wp-content/uploads/sites/19/2024/06/1-2024-4.pdf
10. Крисоватий А., Десятнюк О., Птащенко О. Digital inclusion: financial and marketing aspects. Журнал стратегічних економічних досліджень, № 3(14), 2023. С. 93-102. https://econ-vistnyk.knutd.edu.ua/wp-content/uploads/sites/17/2023/08/3-2023-10.pdf. DOI: 10.30857/2786-5398.2023.3.10
11. Македон В. В., Ільченко Н. О. Кон’юнктура світового ринку ІТ-послуг в умовах економіки 4.0. Ефективна економіка. 2021. № 1. URL: http://www.economy.nayka.com.ua/?op=1&z=8525
12. Пантєлєєва Н.М., Колодій С.Ю., Ребрик М.А. Цифрова економіка як ключовий тренд розвитку постіндустріального суспільства: монографія. К.: ДВНЗ «Університет банківської справи», 2019. 299 с.
13. Панченко В.Г., Резнікова Н.В., Птащенко О.В., Іващенко О.А. Цифрові трансформації міжнародного ринку праці в умовах платформізації зайнятості. Ефективна економіка. 2024. № 2. URL: https://www.nayka.com.ua/index.php/ee/article/view/3063/3099
14. Піжук О. І., Муравйов В.Є. Економічні та соціальні наслідки цифровізації національного господарства. Економічний простір. №163, 2020. DOI: https://doi.org/10.32782/2224-6282/163-10.
15. Філіппов В.Ю. Управління розвитком підприємництва за імперативами сталого розвитку в інформаційно-інноваційній економіці: системно-інтегрований підхід. Schweinfurt: Time Realities Scientific Group UG (haftungsbeschränkt), 2020. 489 с.
16. Chi C. (2021) 18 of the best marketing techniques for 2022. https://blog.hubspot.com/marketing/marketing-techniques.
17. Faruk, M., Rahman, M., Hasan, S. How Digital Marketing Evolved Over Time: A Bibliometric Analysis on Scopus Database. 2021. DOI: 10.1016/j.heliyon.2021.e08603 URL: https://www.researchgate.net/publication/357037311_How_Digital_Marketing_Evolved_Over_Time_A_Bibliometric_Analysis_on_Scopus_Database
18. Flaig A., Kindstrom D., & Ottosson M. Market-shaping strategies: A conceptual framework for generating market outcomes. Industrial Marketing Management, 2021. 96, 254-266. DOI: 10.1016/j.indmarman.2021.06.004.
19. Hausman A. Modern marketing strategies to grow your small business. 2023. https://www.business2community.com/small-business/modern-marketing-strategies-to-grow-your-small-business-02404307.
20. Krchova H., & Švejnová Hoesová K. The impact of modern communication marketing tools to increase the innovativeness of business. Marketing and Management of Innovations, 2021. 5(3), 117-126. DOI: 10.21272/mmi.2021.3-10.
21. Pawłowski A. Sustainable development and renewable sources of energy Advances in Environmental Engineering Research in Poland, 202. 3-16. DOI: 10.1201/9781003171669-1
22. Rodriguez, C. W., Granizo Espinoza, X. P., Quintero Cuero, G. R., Tobar-Ruiz, M. G., Morales Segura, D. A. Knowledge management and ict as digital marketing tools in business administration. Journal of Namibian Studies. 2023. Vol. 33, pp. 2969-2982. URL: https://namibian-studies.com/index.php/JNS/article/view/919/727
23. Talin, B. Innovation explained – Definition, Types and Meaning of Innovation. 2023. URL: https://morethandigital.info/en/innovation-definition-innovation-types-and-meaning/#What_is_Innovation