Marketing mix dynamism and performance: evidence from commercial firms

Dinamismo en el marketing mix y performance: evidencias obtenidas en empresas comerciales

##plugins.themes.bootstrap3.article.main##

María del Pilar Martínez-Ruiz Facultad de Ciencias Económicas y Empresariales
Juan Jose Blazquez-Resino Facultad de Ciencias Sociales de Talavera
Abstract

We focused on the analysis of marketing mix dynamic capabilities, taking into account their influence on customer, market and financial performance. In order to achieve this research goal, 201 SMEs in the Portuguese commercial sector were contacted and personally administered a questionnaire pertaining to the presence of diverse marketing mix dynamic capabilities. Data were analyzed by means of factorial analyses of the main components, as well as linear parametric regressions. Our findings show that there is a clear relationship between marketing mix dynamic capabilities and diverse performance metrics. Especially, the marketing dynamic capabilities related to aspects external to the product exert the greatest impact. This study highlights how Portuguese company managers are conscious of the importance of developing marketing mix dynamic capabilities and to adapt them to the changes in the environment..

Keywords

Downloads

Download data is not yet available.

##plugins.themes.bootstrap3.article.details##

Author Biographies / See

María del Pilar Martínez-Ruiz, Facultad de Ciencias Económicas y Empresariales

Ph.D., Área de Comercialización e Investigación de Mercados. Facultad de Ciencias Económicas y Empresariales, Universidad Castilla La Mancha, España. MariaPilar.Martinez@uclm.es

Álvaro Lopes Dias, Instituto Superior de Gestão

Ph.D., Departamento de Gestão, Instituto Superior de Gestão, Portugal. alvarodias@isg.pt

Juan Jose Blazquez-Resino, Facultad de Ciencias Sociales de Talavera

Ph.D. Área de Comercialización e Investigación de Mercados, Facultad de Ciencias Sociales de Talavera, Universidad Castilla La Mancha, España. Juan.Blazquez@uclm.es

References

Adner, R. & C. Helfat (2003). Corporate Effects and Dynamic Managerial Capabilities. Strategic Management Journal, 24 (special issue), 1011-1025.

https://doi.org/10.1002/smj.331

Barney, J. (1986). Strategic factor markets: expectations, luck and business strategy. Management Science, 32, 1231-1241.

https://doi.org/10.1287/mnsc.32.10.1231

Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17, 99-120.

https://doi.org/10.1177/014920639101700108

Barney, J., Wright, M. & Ketchen, D.J. (2001). The resource-based view of the firm: Ten years after 1991. Journal of Management, 27, 625-641.

https://doi.org/10.1177/014920630102700601

Bruni, D. S. & Verona, G. (2009).Dynamic Marketing capabilities in Science based Firms: An exploratory investigation of the Pharmaceutical Industry. British Journal of management, 20, 101-117.

https://doi.org/10.1111/j.1467-8551.2008.00615.x

Cavusgil, S.T. & Zou, S. (1994). Marketing strategy-performance relationship: An investigation of the empirical link in export market ventures. Journal of Marketing, 58, 1-21.

https://doi.org/10.1177/002224299405800101

Constantinides, E. (2006). The marketing mix revisited: Towards the 21st century marketing. Journal of Marketing Management, 22 (3-4), 407-438.

https://doi.org/10.1362/026725706776861190

Danneels, E. (2008). Organizational antecedents of second-order competences. Strategic Management Journal, 29, 519-543.

https://doi.org/10.1002/smj.684

Day, G.S. (1994). The capabilities of market-driven organizations. Journal of Marketing, 58, 37-52.

https://doi.org/10.1177/002224299405800404

DeSarbo, W.S., Di Benedetto, C.A., Jedidi, K. & Song, M. (2006). Identifying sources of heterogeneity for empirically deriving strategic types: a constrained finite-mixture structural-equation methodology. Management Science, 52 (6), 909-924.

https://doi.org/10.1287/mnsc.1060.0529

Eisenhardt, K. M., & Martin, J. A. (2000). Dynamic capabilities: what are they?. Strategic Management Journal, 22, 1105-1121.

https://doi.org/10.1002/1097-0266(200010/11)21:10/11<1105::AID-SMJ133>3.0.CO;2-E

Fang, E. & Zou, S. (2009). Antecedents and consequences of marketing dynamic capabilities in international joint ventures, Journal of International Business Studies, 40 (5), 742-761.

https://doi.org/10.1057/jibs.2008.96

Haas, M. R. & Hansen, M.T. (2005). When using knowledge can hurt performance: the value of organizational capabilities in a management consulting company. Strategic Management Journal, 26 (1), 1-24.

https://doi.org/10.1002/smj.429

Helfat, C. & Peteraf, M.A. (2003). The dynamic resource-based view: the capability lifecycles. Strategic Management Journal, 24, 997-1010.

https://doi.org/10.1002/smj.332

Helfat, C. & Peteraf, M.A. (2009). Understanding dynamic capabilities: progress along a developmental path. Strategic Organization, 7 (1), 91-102.

https://doi.org/10.1177/1476127008100133

Katsikeas, C.S., Samiee, S. & Theodosiou, M. (2006). Strategic fit and performance. Consequences of international marketing standardization. Strategic Management Journal, 27, 867-890.

https://doi.org/10.1002/smj.549

Krasnikov, A. & Jayachandran, S. (2008). The relative impact of marketing, research-and-development, and operations capabilities on firm performance. Journal of Marketing, 72 (1), 1-11.

https://doi.org/10.1509/jmkg.72.4.001

Kurtz, D.L. & Clow, K.E. (1998). Services marketing, John Wiley and Sons, Nueva York.

Lampel, J & Shamsie, J. (2003). Capabilities in motion: new organizational forms and the reshaping of the Hollywood movie industry. Journal of Management Studies, 40 (8), 2190-2210.

https://doi.org/10.1046/j.1467-6486.2003.00417.x

Macher, J. T. & Mowery, D.C. (2009). Measuring Dynamic Capabilities: Practices and Performance in Semiconductor Manufacturing. British Journal of Management, 20, 41-62.

https://doi.org/10.1111/j.1467-8551.2008.00612.x

Makadok, R. (2001). Toward a synthesis of the resource-based and dynamic-capability views of rent creation. Strategic Management Journal, 22, 387-401.

https://doi.org/10.1002/smj.158

Maklan, S. & Knox, S. (2009). Dynamic capabilities: the missing link in CRM investments. European Journal of Marketing, 43 (11/12), 1392 - 1410.

https://doi.org/10.1108/03090560910989957

Martelo Landroguez, S.; Barroso Castro, C. & Cepeda-Carrión, G. (2011). Creating dynamic capabilities to increase customer value. Emerald Emerging Markets Case Studies, (EEMCS), 49.

https://doi.org/10.1108/00251741111151181

Moorman, C. & Rust, R. T. (1999). The role of marketing. Journal of Marketing, 63, 180-197.

https://doi.org/10.1177/00222429990634s117

MSI (2010). Research priorities 2010-2012, Marketing Science Institute, Massachusetts, MSI.

Nath, P., Nachiappan, S. & Ramanathan, R. (2010). The Impact of Marketing Capability, Operations Capability and Diversification Strategy on Performance: A resource-based View. Industrial Marketing Management, 39 (2), 317-329.

https://doi.org/10.1016/j.indmarman.2008.09.001

Protogerou, P.; Caloghirou, Y. & Lioukas, S. (2011). Dynamic Capabilities and Their Indirect Impact on Firm Performance. Danish Research Unit for Industrial Dynamics (DRUID) Working Paper 08-11.

Slotegraaf, R. J. Moorman, C. & Inman, J.J. (2003). The role of firm resources in returns to market deployment. Journal of Marketing Research, XL (August), 295-309.

https://doi.org/10.1509/jmkr.40.3.295.19235

Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18, 509-533.

https://doi.org/10.1002/(SICI)1097-0266(199708)18:7<509::AID-SMJ882>3.0.CO;2-Z

Thongsodsang, C. & Ussahawanitchakit, P. (2011). Dynamic marketing capability, marketing outcomes and marketing growth: evidence from foods and beverages businesses in Thailand. International Journal of Business Strategy, 11 (2).

Vorhies, D. W. & Morgan, N. A. (2005). Benchmarking marketing capabilities for sustainable competitive advantage. Journal of Marketing, 69, 80-94.

https://doi.org/10.1509/jmkg.69.1.80.55505

Wernerfelt, B. (1984). A resource-based view of the firm. Strategic Management Journal, 5, 171-180.

https://doi.org/10.1002/smj.4250050207

Zeithaml, V.A. & Bitner, M.J. (2000). Services marketing: integrating customer focus across the firms, New York, McGraw-Hill.

Cited by