Market orientation

Market orientation

Market orientation perspectives include the decision-making perspective (Shapiro, 1988), market intelligence perspective (Kohli and Jaworski, 1990), culturally based behavioural perspective (Narver and Slater, 1990), strategic perspective (Ruekert, 1992) and customer orientation perspective (Deshpande et al., 1993).

The two most prominent conceptulizations of market orientation are those given by Kohli and Jaworski (1990)and Narver and Slater (1990). While Kohli and Jaworski (1990) considers market orientation as the implementation of the marketing concept, Narver and Slater (1990) considers it as an organisational culture.

Kohli and Jaworski (1990) defined market orientation as "the organization-wide generation of market intelligence, dissemniation of the inteligence across departments and organization-wide responsiveness to it" [1]

According to them, the marketing concept is a business philosophy, whereas the term market orientation refers to the actual implementation of the marketing concept. They added that "a market orientation appears to provide a unifying focus for the efforts and projects of individuals and departments within the organization."

On the other hand, Narver and Slater (1990) consider market orientation as an organisational culture consisting of three behavioral components, namely, i) customer orientation, ii) competitor orientation and iii) interfunctional coordination.

Market orientation measurement scales

In order to measure market orientation, the two most widely used scales are MARKOR [2] and MKTOR [3]

The mktor scale is a 15-item, 7-point Likert-type scale, with all points specified. In this measure, market orientation is conceptualised as a one dimensional construct, with three components, namely: customer orientation, competitor orientation, and interfunctional coordination. The simple average of the scores of the three components is the market orientation score.

On the other hand, the markor scale is a 20-item, 5-point Likert scale, with only the ends of the scale specified. Here market orientation is again composed of three components as well, namely: intelligence generation, intelligence dissemination, and responsiveness.

References

  1. ^ Kohli, A. K. and Jaworski, B.J. (1990). Market Orientation: The Construct, Research Propositions, and Managerial Implications. The Journal of Marketing, 54(2),1-18.
  2. ^ Kohli AK ; Jaworski BJ & KumarA.(1993). MARKOR: A measure of market Orientation. Journal of Marketing Research, 30(4), 467-477.
  3. ^ Narver, J.C. and Slater, S.F. (1990). The effect of a market orientation on business profitability. Journal of Marketing, 54(4), 20-34.

Wikimedia Foundation. 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • market orientation — ▪ I. market orientation market orientation ➔ orientation   [m0] ▪ II. market oriented ˌmarket ˈoriented adjective 1. ECONOMICS a market oriented economy, society, system etc is one with …   Financial and business terms

  • Market Orientation — A company philosophy focused on discovering and meeting the needs and desires of its customers through its product mix. Unlike past marketing strategies that concentrated on establishing selling points for existing products, market orientation… …   Investment dictionary

  • market orientation — See product orientation …   Big dictionary of business and management

  • orientation — o‧ri‧en‧ta‧tion [ˌɔːriənˈteɪʆn, ˌɒ ǁ ˌɔː ] noun 1. [countable, uncountable] MARKETING the type of activity or thing that a business or organization gives most attention to: • The company needs to develop a stronger orientation towards marketing… …   Financial and business terms

  • market-oriented — ˌmarket ˈoriented adjective 1. ECONOMICS a market oriented economy, society, system etc is one with free market S where people can buy and sell freely and where most companies are not owned by the state: • He plans to replace the rigid planned… …   Financial and business terms

  • orientation — UK [ˌɔːrɪənˈteɪʃ(ə)n] / US [ˌɔrɪənˈteɪʃ(ə)n] noun Word forms orientation : singular orientation plural orientations 1) [countable/uncountable] the particular interests, aims, and emphasis of a business, political group, or other organization… …   English dictionary

  • orientation — o|ri|en|ta|tion [ ,ɔriən teıʃn ] noun 1. ) count or uncount the particular interests, goals, and emphasis of a business, political group, or other organization: Market orientation emphasizes the needs of the customer. orientation to/toward: the… …   Usage of the words and phrases in modern English

  • Market gardening — Market garden redirects here. For the World War II operation, see Operation Market Garden. In agriculture, market gardening is the relatively small scale production of fruits, vegetables and flowers as cash crops, frequently sold directly to… …   Wikipedia

  • Market analysis — A market analysis studies the attractiveness and the dynamics of a special market within a special industry. It is part of the industry analysis and this in turn of the global environmental analysis. Through all these analyses the chances,… …   Wikipedia

  • Market garden — A market garden on an outlying island of Hong Kong For the Second World War Allied military action, see Operation Market Garden. A market garden is the relatively small scale production of fruits, vegetables and flowers as cash crops, frequently… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”