VISION
Not all who engages in marketing will gain a certification, marking this an accomplishment
MISSION
The mission of the AMF Journal is to further enhance AMF in its role as the premier regional marketing body through publishing and sharing of marketing knowledge by relevant parties and AMF NMAs
OBJECTIVES
To further develop a body of knowledge, of the art and science, of marketing theory and practice.
To increase the regional network of marketing thought leaders and help liaise with other international, national and local organizations for complementary purposes.
To provide a meaningful platform for marketing professionals to discuss and keep abreast of marketing developments and trends.
To further promote effective local, regional and global marketing practices, through sharing of relevant marketing knowledge and practices
As we launch the 4th edition of the AMF Journal in 2024, we embrace the transformative power of marketing principles that shape not only businesses but the world around us. This edition shines a spotlight on the enduring impact of Marketing 3.0, a philosophy that emphasizes creating value for humanity, not just customers. In this context, Minor Food Group’s achievement in winning the prestigious 2024 Asia Marketing Excellence Award for its “Responsible Marketing-Preneur” approach serves as a beacon for brands aspiring to drive meaningful change. Yet, as we celebrate the success of Marketing 3.0, we also look to the horizon with Professor Philip Kotler’s introduction of Marketing 6.0—a new wave where technology, empathy, and sustainability converge to redefine how businesses engage with society. This evolution in marketing reflects the dynamic landscape that professionals today must navigate, combining the wisdom of the past with the innovation of the future.
In this volume, we feature seven thought-provoking, peer-reviewed articles from National Marketing Associations across Asia. The first article, Minor Food Group: Pioneering Responsible Marketing-Preneur, explores how this trailblazing company achieved success by balancing profitability with social impact, offering a compelling blueprint for businesses aiming to thrive through ethical leadership. The second article, Epistle on Democratization of Knowledge under Globalization: Engaging AMF, provides a roadmap for ensuring that marketing knowledge is accessible and democratized in our increasingly globalized world, fostering a future where human values are prioritized alongside business success. The third article, Digital Marketing in Malaysia: Strategies for Success in a Dynamic Landscape, delves into the retail industry, offering key insights on how businesses can adapt to the fast-evolving digital sphere. The forth article, ADVERTS That Are Diverted: How Influencers Are Changing the Advertising Game explores the transition from traditional advertising to influencer marketing, highlighting its benefits, challenges, and best practices.
Continuing the exploration of regional marketing dynamics,the fifth article, Customer Satisfaction and Commitment Mediate Customer Orientation of Service Employee and Customer Retention in Indonesian Multi-Finance Company, examines how customer orientation, satisfaction, and commitment drive retention in the Indonesian financial services sector, providing a deeper understanding of service marketing in a competitive environment. The sixth article, Chief ‘AI’ Officer in the Leadership Value Chain?, highlights how AI can optimize leadership, while stressing the importance of human traits like empathy and intuition, advocating for a balance between AI and human insight. Finally, Innovative Solutions for Integrated Medical Life: Phyathai-Paolo’s Path to Winning the Asia Marketing Excellence Award in the Marketing Company of the Year Category highlights its success in combining patient-centered marketing, innovative technologies, and a collaborative culture to drive growth and enhance healthcare outcomes. Together, these articles offer actionable insights and strategies for today’s marketing practitioners and academics, reflecting the diverse challenges and opportunities in Asia’s marketing landscape.
As the editor of this journal for the second year, I am honored to lead a publication that brings together such impactful content. On behalf of the dedicated editorial board and arbitration committee, I extend my sincere gratitude to our contributors, reviewers, and editorial teams for their tireless efforts in making this edition possible. This journal is a testament to the power of collaboration, innovation, and responsible marketing. Let’s continue to push boundaries, challenge conventions, and drive forward the future of marketing—one that not only excels in business but also elevates society.
Dan – Somchat Visitchaichan
Journal Editor Asia Marketing Federation (AMF)
Member of the Asia Marketing Federation Board.
Arbitration Committee:
Hermawan Kartajaya (AMF Patron and Chairman of the Committee)
Gwen Albarrachin (Past President of AMF)
Boojong Kim (Immediate Past President of AMF)
Hooi Den Huan (Advisor of AMF Journal).
Editorial Board:
Dan – Somchat Visitchaichan (Vice President, Marketing Association Thailand and Member of the Asia Marketing Federation
Board)
Prof. Syed Ferhat Anwar, (President, Asia Marketing Federation and Vice-Chancellor, BRAC University)
Jen Lichung (Professor, National Taiwan University)
Journal Secretary
Sajid Mahbub, MCIM
General Secretary, Marketing Society of Bangladesh
CEO & Executive Editor, Bangladesh Brand Forum
Design and Layout by Marketing Society of Bangladesh
Marketing, Professor Philip Kotler. On this momentous occasion, Professor Kotler and Pak Hermawan Kertajaya (AMF Patron and Chairman of the Committee) inaugurated their new book titled ‘Entrepreneurial Marketing,’ and Professor Kotler delivered a special presentation on the ‘Future of Marketing.’ Following this enlightening session, it inspired members of AMF to share their perspectives on the future of marketing and provide insights from their respective countries. Currently, Professor Syed Ferhat Anwar of the University of Dhaka serves as the President of AMF. On behalf of all the association’s members, I am thrilled and proud to introduce the third edition of the AMF Journal.
This edition serves as a treasure trove of intellectual prowess, featuring a curated selection of academic and professional papers from 6 National Marketing Associations (NMAs) across Asia, including Indonesia, Thailand, Malaysia, Japan, Sri Lanka, and Bangladesh. Within its pages, you will discover a mosaic of marketing case studies, exploratory research, and cuttingedge marketing concepts. From revisiting Professor Philip Kotler’s thoughts on the future of marketing to exploring the transformative impact of technological advancements on Thailand’s media industry, investigating purchase intentions for Korean instant noodles in Indonesia, and sharing heartwarming stories of sustainable marketing practices in Bangladesh, this edition serves as a testament to the global significance of marketing. On behalf of the dedicated editorial board and the arbitration committee, I extend our heartfelt gratitude to our contributors, reviewers, and the tireless editorial team. Your collective efforts, wisdom, and unwavering passion have made the launch of our third edition possible. Above all, I would like to express my deepest gratitude for your unwavering commitment to creating lasting value and pioneering marketing initiatives that not only benefit the marketplace but also enrich the very fabric of society. At AMF, we remain steadfast in our mission to bring these endeavors to life. As you immerse yourself in the pages of our third edition, I hope you find it an enjoyable and enlightening reading experience. Together, we embark on a journey to explore the ever-evolving world of marketing,knowing that each insight we gain contributes to the greater good of people and society.
Dan – Somchat Visitchaichan
Journal Editor Asia Marketing Federation (AMF)
Member of the Asia Marketing Federation Board
Arbitration Committee:
Hermawan Kartajaya (AMF Patron and Chairman of the Committee)
Gwen Albarrachin (Past President of AMF)
Boojong Kim (Immediate Past President of AMF)
Hooi Den Huan (Advisor of AMF Journal)
Editorial Board:
Dan – Somchat Visitchaichan (Vice President, Marketing Association
Thailand and Member of the Asia Marketing Federation Board)
Syed Ferhat Anwar (President, Asia Marketing Federation)
Jen Lichung (Professor, National Taiwan University)
Journal Secretary
Taufik (Director of MarkPlus, Inc.)
Design and Layout by Rosma Fardha Fathin (Graphic Designer of MarkPlus, Inc.)
Marketing, Professor Philip Kotler. On this momentous occasion, Professor Kotler and Pak Hermawan Kertajaya (AMF Patron and Chairman of the Committee) inaugurated their new book titled ‘Entrepreneurial Marketing,’ and Professor Kotler delivered a special presentation on the ‘Future of Marketing.’ Following this enlightening session, it inspired members of AMF to share their perspectives on the future of marketing and provide insights from their respective countries. Currently, Professor Syed Ferhat Anwar of the University of Dhaka serves as the President of AMF. On behalf of all the association’s members, I am thrilled and proud to introduce the third edition of the AMF Journal.
This edition serves as a treasure trove of intellectual prowess, featuring a curated selection of academic and professional papers from 6 National Marketing Associations (NMAs) across Asia, including Indonesia, Thailand, Malaysia, Japan, Sri Lanka, and Bangladesh. Within its pages, you will discover a mosaic of marketing case studies, exploratory research, and cuttingedge marketing concepts. From revisiting Professor Philip Kotler’s thoughts on the future of marketing to exploring the transformative impact of technological advancements on Thailand’s media industry, investigating purchase intentions for Korean instant noodles in Indonesia, and sharing heartwarming stories of sustainable marketing practices in Bangladesh, this edition serves as a testament to the global significance of marketing. On behalf of the dedicated editorial board and the arbitration committee, I extend our heartfelt gratitude to our contributors, reviewers, and the tireless editorial team. Your collective efforts, wisdom, and unwavering passion have made the launch of our third edition possible. Above all, I would like to express my deepest gratitude for your unwavering commitment to creating lasting value and pioneering marketing initiatives that not only benefit the marketplace but also enrich the very fabric of society. At AMF, we remain steadfast in our mission to bring these endeavors to life. As you immerse yourself in the pages of our third edition, I hope you find it an enjoyable and enlightening reading experience. Together, we embark on a journey to explore the ever-evolving world of marketing,knowing that each insight we gain contributes to the greater good of people and society.
Dan – Somchat Visitchaichan
Journal Editor Asia Marketing Federation (AMF)
Member of the Asia Marketing Federation Board
Arbitration Committee:
Hermawan Kartajaya (AMF Patron and Chairman of the Committee)
Gwen Albarrachin (Past President of AMF)
Boojong Kim (Immediate Past President of AMF)
Hooi Den Huan (Advisor of AMF Journal)
Editorial Board:
Dan – Somchat Visitchaichan (Vice President, Marketing Association
Thailand and Member of the Asia Marketing Federation Board)
Syed Ferhat Anwar (President, Asia Marketing Federation)
Jen Lichung (Professor, National Taiwan University)
Journal Secretary
Taufik (Director of MarkPlus, Inc.)
Design and Layout by Rosma Fardha Fathin (Graphic Designer of MarkPlus, Inc.)
In 1991, Mr. Michio Torii took the initiative of setting up the Asia Pacific Marketing Federation (APMF). In August 6, 2007 under worldwide political and economic shift, APMF was renamed Asia Marketing Federation (AMF) promulgated by the Jakarta Declaration. Professor Philip Kotler was named as the Honorary Patron while Mr. Hermawan Kartajaya was unanimously selected as the Patron of AMF. Presently, Professor Boojong Kim of Marketers Society of Korea is the President of AMF. On behalf of all the members of the association, it is my pleasure and honor to present the second edition of the AMF Journal.
This second edition is published amidst the worst global health crises ever recorded (COVID19 Pandemic), many marketers as part of their frontline work across our nations and globally, have sacrificed their lives serving their community and the humanity at large. We solemnly pay our respect and homage towards all. Indeed, it is evident that the task of a marketer is not merely pushing brands, but rather to keep the civilization moving forward.
The years during the post pandemic period is going to be extremely challenging for businesses at large. The helm of affairs will have to be navigated by the marketers to ensure societal wellbeing through continued value enhancement and technology adaptation. To achieve the global agenda, Asia will have to take the leadership role to ensure that consumers across the world are provided with adequate provisions for sustained living. Thus, the importance of marketing knowledge as a guiding tool is inevitable for all of us to go forward. Our focus of this volume includes issues that will help the global marketing fraternity to rekindle their marketing strategy and learn from the experience of Asian nations.
On behalf of the editorial board and the arbitration committee, I thank all our contributors, reviewers, and editorial team for their effort and interest in helping us launch our second edition. Most importantly, I thank all for their continuing quest for knowledge. In this competitive knowledge economy, the most important pursuit will be to acquire and disseminate marketing knowledge for the wellbeing of society. We at AMF promise to endure this mission. I wish you an enjoyable and knowledge filled reading. Stay safe and well.
Syed Ferhat Anwar
Arbitration Committee:
Hermawan Kartajaya (AMF Patron and Chairman of the Committee)
Gwen Albarracin (Past President of AMF)
Rohan Somawansa (Immediate Past President of AMF)
Hooi Den Huan (Advisor of AMF Journal)
Editorial Board:
Syed Ferhat Anwar (Professor, University of Dhaka)
Jen Lichung (Professor, National Taiwan University)
Somchat Visitchaichan (Vice President, Marketing Association of Thailand)
Journal Secretary
Taufik (Director of MarkPlus, Inc.)
Design & Layout by Yenny Novitasari (Graphic Designer of MarkPlus, Inc.)
Dear Readers,
The year 2021 is the first year of this new decade and Asia is expected to be the center of the world economy. According to the U.K.’s World Economic League Table 2020, China, Japan and India will rank 2nd to 4th in the world economy respectively before 2030 while the 10 ASEAN countries will also grow significantly. Asia could be a new breakthrough as an engine of global economic growth.
We, as marketing stakeholders, should help pave the way for establishing the Asian leadership in the wake of the new global era with mutual communication. We are delighted to inaugurate the AMF Journal with the mission to further enhance the AMF (Asia Marketing Federation) in its role as the premier regional marketing body – through publishing and sharing of marketing knowledge by relevant parties and 17 NMAs (National Marketing Associations) in Asia.
The main objectives of the AMF Journal are to further develop a body of knowledge, art and science of
marketing theory and practice and increase the regional network of marketing thought leaders and help liaise with other international, national and local organizations for complementary purposes.
As such, we are pleased to launch the first issue of the Journal which aspires to provoke as much discussions and engagements. This can further enable us to come out with more solutions to deal with the challenges that we face in this dynamic and uncertain business environment including the global pandemic crisis.
We appreciate very much the authors’ hard work and contributions to the successful e-publication of the Journal. At the same time, we would like to express our gratitude to the members of the Arbitration Committee, the Editorial Board, the Journal Secretary and all the 17 NMA members of the Asia Marketing Federation.
Boojong Kim
Journal Editor and President of AMF
Arbitration Committee:
Hermawan Kartajaya (AMF Patron and Chairman of the Committee)
Gwen Albarracin (Past President of AMF)
Rohan Somawansa (Immediate Past President of AMF)
Hooi Den Huan (Advisor of AMF Journal)
Editorial Board:
Syed Ferhat Anwar (Professor, University of Dhaka)
Jen Lichung (Professor, National Taiwan University)
Somchat Visitchaichan (Vice President, Marketing Association of Thailand)
Journal Secretary:
Taufik (Director of MarkPlus, Inc.)
NMA members of the AMF:
Bangladesh – Marketing Society of Bangladesh (MSB)
Cambodia – Marketing Association of Cambodia (MAC)
China – CCPIT Commercial Sub-council (CCPIT)
Hong Kong – Hong Kong Institute of Marketing (HKIM)
Indonesia – Indonesia Marketing Association (IMA)
Japan – Japan Marketing Association (JMA)
Korea – Marketers Society of Korea (MASOK)
Macau – Macau Marketing Institute (MMI)
Malaysia – Institute of Marketing Malaysia (IMM)
Mongolia – Mongolia Marketing Association (MMA)
Myanmar – Myanmar Marketing Society (MMS)
Nepal – Nepalese Marketing Association (NMA)
Pakistan – Marketing Association of Pakistan (MAP)
Philippines – Philippine Marketing Association (PMA)
Singapore – Marketing Institute of Singapore (MIS)
Sri Lanka – Sri Lanka Institute of Marketing (SLIM)
Taiwan – Taiwan Institute of Marketing Science (TIMS)
Thailand – Marketing Association of Thailand (MAT)
Vietnam – Vietnam Marketing Association (VMA)