Naslov
Dynamics of market orientation in Croatian economy

Autori
Grbac, Bruno ; First, Ivana

Izvornik
Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu (1331-8004) 29 (2011), 2; 373-394

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, prethodno priopćenje, znanstveni

Ključne riječi
market orientation level ; market responsiveness ; change of market orientation model ; longitudinal research

Sažetak
It was the goal of this research to examine the dynamics of Croatian transformation to market orientation and test whether the market orientation model changes with time as the business environment changes. Based on the literature analysis, we proposed a hypothetical model which relies on behavioural approach in understanding market orientation. To empirically test the hypothetical model, we used data previously collected for 2001, and by replicating the same questionnaire now collected data for 2011. Data was analyzed by hierarchical regression analysis on the two sets of data. Our findings reveal that Croatian organizations reached the level of moderate market orientation leaving space for improvement. Findings also reveal that higher level of market orientation correlates with higher business performance. Furthermore, with development of ICT, the model of market orientation modified in time in a way that in predicting successful market oriented reaction, specific information on consumer satisfaction gains importance, while general information from competitor and consumer databases loose importance. Despite the changes in the relationships among the elements of market orientation, the model itself similarly predicts performance today as it did ten years ago. Managers are advised to increase implementation of market orientation especially focusing on market responsiveness as such behaviour will lead to better performance.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Hrvatska verzija rada (predavanja) naknadno je objavljena i u Zborniku radova sa znanstvenog okruglog stola "Gospodarsko-socijalni razvitak hrvatskog društva tijekom proteklih 20 godina samostalnosti : Uspjesi, zablude i pogreške", održanog 16.12.2011.g., Rijeka, Hrvatska ; Nada Karaman-Aksentijević, Saša Drezgić, Ivan Frančišković (ur.). ; Rijeka : Sveučilište u Rijeci, Ekonomski fakultet, 2011. ; str. 105-126. ; ISBN 978-953-7813-07-9.

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