Buy custom A Review of the Literature on the Topic of Market Orientation and the Firm with reference to three articles.
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| Topic: |
Business
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| Number of pages / Number of words: |
11 / 2966 |
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They then used statistical analysis to try to determine the correlation between the adoption of market orientation and the increase in profit and overall performance. In order to obtain accurate results, the researchers attempted to limit the influence of the other forces that impact a business's profit margin; by doing this, they were able to isolate two key variables and find the relationship between them...
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Based on their data and analysis, Narver and Slater concluded that there is a monotonic relationship between profit and market orientation for the non-commodity business, whereas the relationship with commodity business was only apparent above the stated median in market orientation. Narver and Slater also concluded that market orientation is economical in all environments, and the question was finding the optimal level of market orientation...
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