What makes KINTEX be a successful exhibition center? - IAEE
What makes KINTEX be a successful exhibition center? - IAEE
What makes KINTEX be a successful exhibition center? - IAEE
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Executive Summary<br />
This case study shows how <strong>KINTEX</strong> has achieved its success through marketing activities just for 3 years after its opening.<br />
Traditionally 4p (product, pricing, place and promotion) was regarded as useful tactics for implementing marketing activities.<br />
However, 4p was very limited to short-term based marketing strategies and also it is not focused on customer’s value but<br />
provider’s products and services. Therefore, this case study used Dr. Kumar’s 3 Values management model. Dr. Kumar, a<br />
marketing professor of London Business School, proposed that marketing should <strong>be</strong> on CEO’s top agenda. So marketing<br />
should focus on strategic segment, providing solution, market-driving, and corporate marketing. This could <strong>be</strong> achievable<br />
through developing 3 Values – Valued Customers, Value Proposition and Value Network. So the <strong>KINTEX</strong> case is based on<br />
Dr. Kumar’s 3Vs model.<br />
1. Valued Customer – Who to serve?<br />
Big 7 show organizers<br />
<strong>KINTEX</strong> did not target every customer <strong>be</strong>cause <strong>KINTEX</strong> knew that it needs different segmentation based on valued<br />
customers. <strong>KINTEX</strong> targeted <strong>exhibition</strong>s over 20,000m 2 and discussed with key organizers- Korea Machinery Fair, Korea<br />
Electronics Show, Seoul Food Show, Seoul Motor Show, Seoul International Machine Tool Show, Kyunghyang Housing Fair<br />
and G-Star Game Show.<br />
Governments<br />
<strong>KINTEX</strong> was invested by 3 national and local Korean governments – KOTRA (Korea Trade & Promotion Agency),<br />
Gyeonggi province and Goyang city. So these 3 investors are stakeholders and customers as well. KOTRA wants <strong>KINTEX</strong> to<br />
develop international <strong>exhibition</strong>s also <strong>KINTEX</strong> needs KOTRA to attract more overseas buyers and investors to tradeshows.<br />
Gyeonggi province is the biggest local government in Korea so it needs to attract many firms to its area, which let tradeshows<br />
and conference <strong>be</strong> more important. Goyang city provided its land space to <strong>KINTEX</strong> <strong>be</strong>cause it needs international <strong>exhibition</strong><br />
<strong>center</strong> for positioning one of global cities worldwide.<br />
2. Value Proposition – <strong>What</strong> to offer?<br />
Co-location of similar-purposed <strong>exhibition</strong>s<br />
The offerings to target customer reveals differences <strong>be</strong>tween other competitors. <strong>KINTEX</strong> could co-locate similar purposed<br />
<strong>exhibition</strong>s and also gather related <strong>exhibition</strong>s and conventions for making synergy effects. For example, <strong>KINTEX</strong> used<br />
co-locating marketing policies for attracting the Seoul Food Show. <strong>KINTEX</strong> recognized that foods should <strong>be</strong> related with<br />
packaging technology for saving and selling in markets. Therefore, <strong>KINTEX</strong> proposed the co-locating <strong>exhibition</strong> to Food<br />
show organizer and packaging show organizer altogether. The show was great success and it suggested new paradigm of food<br />
and packaging industry.<br />
CMS – Customer Management System<br />
<strong>KINTEX</strong> created CS (Customer Service) team in 2005. CS management was a new activity that other <strong>exhibition</strong> <strong>center</strong>s<br />
never offered to customers. <strong>KINTEX</strong> received the award from Korea Management Association in 2007 through the activities.