Antecedents and consequence of social media marketing for strategic competitive advantage of small and medium enterprises: mediating role of utilitarian and hedonic value

Abstract

ABSTRACT The purpose of this study is to determine the antecedents and consequence of social media marketing (SMM) for small and medium enterprises (SMEs) and to empirically find out if SMM provides strategic competitive advantages to the SMEs. The study also examines the mediating role of utilitarian value and hedonic value for impacting strategic competitive advantages. Finally, the study investigates the role of leadership support of the SMEs. With the support of extant literature review, motivational theory, technology acceptance model, and other related theories, a conceptual model has been developed. The theoretical model has been validated using partial least square – structural equation modeling (PLS-SEM) with a survey from Indian small and medium enterprises. The research study shows that SMM impacts positively to both utilitarian value and hedonic value. The explanative power of the proposed empirically validated model is 69%.