The Influence of Consumer and Brand-Oriented Capabilities on Business Performance in Young Firms: A Quantitative Causal Model Analysis
Authors: Katharina Buttenberg
Abstract:
Customer and brand-oriented capabilities have been identified as key influencing capabilities for business performance. Especially in the early years of the firm, it is crucial to develop and consciously manage these capabilities. In this paper, the results of a quantitative analysis, investigating the causal relationship between customer- and brand-oriented (marketing) capabilities and business performance will be presented. The research displays the dependencies between the constructs and will provide practical implications for young firms in the acquisition and management of these capabilities.
Keywords: Brand-oriented capabilities, customer-oriented capabilities, entrepreneurship, resource-based theory, young firms.
Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1129788
Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 869References:
[1] S. L. Vargo & R. F. Lusch. “Evolving to a New Dominant Logic for Marketing” in Journal of Marketing, 68(1), 2004, pp. 1–17.
[2] I. V. Kozlenkova, S. Samaha & R. W. Palmatier, „Resource-based theory in marketing” in Journal of the Academy of Marketing Science, 42(1), 2014, pp. 1-21.
[3] D. Levinthal & J. Myatt. „Co-Evolution of Capabilities and Industry: The Evolution of Mutual Fund Processing” in Strategic Management Journal, 15, 1994, pp. 45–62.
[4] D. G. Sirmon, M. A. Hitt, R. Ireland, Duane, & B. A. Gilbert, „Resource Orchestration to Create Competitive Advantage: Breadth, Depth, and Life Cycle Effects.” in Journal of Management, 37(5), 2011, pp. 1390–1412.
[5] C. E. Helfat & M. A. Peteraf, „The Dynamic Resource-Based View: Capability Lifecycles.” in Strategic Management Journal, 24(10), (2003), pp. 997–1010.
[6] M. W. Rutherford, P. F. Buller, & P. R. McMullen, „Human Resource Management Problems Over the Life Cycle of Small to Medium-Sized Firms.” in Human Resource Management, 42(4), 2003, pp. 321–335.
[7] D. Miller & P. H. Friesen, „A Longitudinal Study of the Corporate Life Cycle.” in Management Science, 30(10), 1984, pp. 1161–1183.
[8] N. A. Morgan, “Marketing and business performance.” in Journal of the Academy of Marketing Science, 40(1), 2012, pp. 102–119.
[9] S. N. Ramaswami, R. K. Srivastava & M. Bhargava, „Market-based capabilities and financial performance of firms: insights into marketing's contribution to firm value.” in Journal of the Academy of Marketing Science, 37(2), (2009). pp. 97–116.
[10] R. Saxe & B. A. Weitz, „The SOCO Scale: A Measure of the Customer Orientation of Salespeople.” in Journal of Marketing Research, 19(3), (1982), pp. 343–351.
[11] N. A. Morgan, R. J. Slotegraaf & D. W. Vorhies, „Linking marketing capabilities with profit growth.” in International Journal of Research in Marketing, 26(4), 2009, pp. 284–293.
[12] D. W. Vorhies & N. A. Morgan, „Benchmarking Marketing Capabilities for Sustainable Competitive Advantage.” in Journal of Marketing, 69(1), 2005, pp. 80–94.
[13] N. A. Morgan, R. J. Slotegraaf & D. W. Vorhies, „Linking marketing capabilities with profit growth.” in International Journal of Research in Marketing, 26(4), 2009, pp. 284–293.
[14] G. J. Hooley, G. E. Greenley, J. W. Cadogan & J. Fahy, „The performance impact of marketing resources.” in Journal of Business Research, 58(1), 2005, pp. 18–27.
[15] J. G. Covin & D. P. Slevin, „Strategic management of small firms in hostile and benign environments.” in Strategic Management Journal, 10(1), 1989, pp. 75–87.
[16] N. Venkatraman & V. Ramanujam, „Measurement of Business Performance in Strategy Research: A Comparison of Approaches.” in Academy of Management Review, 11(4), (1986), pp. 801–814.
[17] J. G. Covin & D. P. Slevin, „Strategic management of small firms in hostile and benign environments.” in Strategic Management Journal, 10(1), 1989, pp. 75–87.
[18] R. Saxe & B. A. Weitz, „The SOCO Scale: A Measure of the Customer Orientation of Salespeople.” in Journal of Marketing Research, 19(3), (1982), pp. 343–351.
[19] K. H. Steensma & K. G. Corley, „On The Performance of Technology-Sourcing Partnerships: The Interatction between Partner Interdependence and Technology Attributes.” in Academy of Management Journal, 43(6), 2000, pp. 1045–1067.
[20] M. Song & M. W. Montoya-Weiss, „The Effect of Perceived Technological Uncertainty on Japanese New Product Development.” in Academy of Management Journal, 44(1), 2001, pp. 61–80.
[21] D. A. Aaker, „Managing brand equity: Capitalizing on the value of a brand name.” New York, Toronto, New York: Free Press; Maxwell Macmillan International, 1991.
[22] J. G. Covin & D. P. Slevin, „Strategic management of small firms in hostile and benign environments.” in Strategic Management Journal, 10(1), 1989, pp. 75–87.
[23] O. Mintz & I. S. Currim, „What Drives Managerial Use of Marketing and Financial Metrics and Does Metric Use Affect Performance of Marketing-Mix Activities.” in Journal of Marketing, 77(2), 2013, pp. 17–40.
[24] J. G. Covin & D. P. Slevin, „Strategic management of small firms in hostile and benign environments.” in Strategic Management Journal, 10(1), 1989, pp. 75–87.
[25] R. P. Bagozzi & H. Baumgartner, „The evaluation of structural equation models and hypotheses testing.” in R. P. Bagozzi (Ed.), Principles of marketing research Cambridge, Mass.: Blackwell Business, 1994, pp. 386–422.
[26] C. B. Jarvis, S. B. Mackenzie & P. M. Podsakoff, „A Critical Review of Construct Indicators and Measurement Model Misspecification in Marketing and Consumer Research.” in Journal of Consumer Research, 30(2), 2003, pp. 199–218.