Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Product-market planning capability and profitability
AU - Hughes, Paul
AU - Hodgkinson, Ian R.
AU - Morgan, Robert E.
AU - Hughes, Mathew
AU - Hughes, Chih-Hsien L.
PY - 2020/10/1
Y1 - 2020/10/1
N2 - We test the profit implication of product-market planning as a dynamic capability, from a contingency theory perspective. Among a sample of high-technology industrial organizations, we find that product-market planning capability is significantly and positively related to profits under marketing differentiation, but negative implications ensue for those adopting cost efficiency strategies. Pursuing hybrid strategies has no significant effect, while technological turbulence also has no moderating effect. Additional analysis establishes the temporal effects of product-market planning capability on 3-year lagged profits. These differential results are considered within a contingency framework. Implications are identified and discussed for industrial marketing management theory and practice.
AB - We test the profit implication of product-market planning as a dynamic capability, from a contingency theory perspective. Among a sample of high-technology industrial organizations, we find that product-market planning capability is significantly and positively related to profits under marketing differentiation, but negative implications ensue for those adopting cost efficiency strategies. Pursuing hybrid strategies has no significant effect, while technological turbulence also has no moderating effect. Additional analysis establishes the temporal effects of product-market planning capability on 3-year lagged profits. These differential results are considered within a contingency framework. Implications are identified and discussed for industrial marketing management theory and practice.
U2 - 10.1016/j.indmarman.2020.08.007
DO - 10.1016/j.indmarman.2020.08.007
M3 - Journal article
VL - 90
SP - 370
EP - 379
JO - Industrial Marketing Management
JF - Industrial Marketing Management
SN - 0019-8501
ER -