Abstract / Description of output
Strategy formulation is commonly understood as the match between a firm’s internal resources and skills and its external environment. Marketing strategy performance is the function of a dynamic, interactive process incorporating internal firm resources, external environmental factors and competitive actions. The study aims to assess the impact of competitor actions on marketing strategy performance. We develop a model that accommodates the effects of 29 variables (comprising internal marketing strategy variables, external environmental factors and competitors’ marketing mix variables) on business performance. We empirically test the model using simultaneous equation modelling of time-series data on UK car manufacturers collected from publicly available resources and annual reports. The results show that external factors, in particular competitors’ marketing mix elements, have a greater influence on a company’s business performance than internal (marketing and non-marketing) strategy variables. Implications for marketing theory and management are discussed.
Original language | English |
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Journal | Journal of Strategic Marketing |
Early online date | 2 May 2019 |
DOIs | |
Publication status | E-pub ahead of print - 2 May 2019 |
Keywords / Materials (for Non-textual outputs)
- marketing orientation/strategy
- business performance
- competitive context
- simultaneous equation modelling
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Tina Harrison
- Business School - Personal Chair & Deputy Vice Principal Students (Engagement)
- Marketing
- Centre for Service Excellence
- Management Science
- Leadership, Organisations and Society
Person: Academic: Research Active