Market-Orientation and Corporate Performance

Authors

  • Jean-Jacques Lambin
  • Rubén Chumpitaz

DOI:

https://doi.org/10.4468/2001.2.03lambin.chumpitaz

Keywords:

Market-Orientation, Marketing Orientation, Corporate Performance, Manufacturers-Distributors Relationships, Market-Driven Management, Global Corporations, Global Markets

Abstract

Market-orientation is generally referred to the basic orientation that governs the relationship of a firm with its market and, more particularly, with its customers.
Now, in many firms, MO is treated like the marketing concept. This traditional view of MO has two main drawbacks: first of all it overlooks market actors other than customer (i.e. distributors, competitors and prescribers). Then, this functional perspective leads to confine the concept of MO to the activities generally conducted by the marketing function, underestimating the value creation potential of other
functions.
This confusion about the scope of the MO concept is in part explained by the lack of clarity on the definition of the marketing concept which, especially in American literature, is treated as operational marketing: the 4 Ps. By converse, the concept of MO has three dimensions and that a distinction should be made between the MO as a management philosophy (culture), as a tool of strategic thinking (analysis)
and as a commercial activity of the company (action).

Author Biographies

Jean-Jacques Lambin

Full Professor of Management, University of Milan-Bicocca

Rubén Chumpitaz

Professor of Marketing, University of Lille, France

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Published

01-12-2001

How to Cite

Lambin, J.-J., & Chumpitaz, R. (2001). Market-Orientation and Corporate Performance. Symphonya. Emerging Issues in Management, (2), 23–37. https://doi.org/10.4468/2001.2.03lambin.chumpitaz