STUDY OF THE RELATIONSHIP BETWEEN MARKET-ORIENTATED STRATEGY AND INNOVATIVE ORGANIZATIONS
DOI:
https://doi.org/10.36394/jhss/8/1/8Keywords:
Market -Orientated Strategy, Innovative organizations, Collection and use of market informationAbstract
This paper examines the relationship between market orientation strategy and innovative organizations. It aims at understanding how market orientation can improve organizational innovativeness by considering customer needs in developing new products, which should result in better competition position and enriching strategic knowledge and innovation. The study was implemented on the pharmaceutical sector in Jordan with a sample of (136) elements. Factor analysis was used to validate the measures. A correlation analysis was then performed to determine whether developing a market orientated strategy is associated with innovative organizations. The results showed that there is a strategic relation between the two variables (R: 0.65). Overall, the study recommends using marketing information system, particularly marketing intelligence, to find, follow, and improve innovative ideas.
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