 Business Orientation, Brand Image, and Business PerformanceSatyendra Singh Chapter Chapter 3 in Business Practices in Emerging and Re-Emerging Markets, 2008, pp 45-68 from Palgrave Macmillan Abstract: Abstract The transformation of a planned economy to a market economy has attracted a multitude of foreign firms, forcing local firms to compete against the foreign firms for the same customers. This chapter explains the importance of various types of business orientations such as marketing, social, and economic, as practiced by both foreign and local firms. Further I discuss the efficacy of brand image to mediate the relationship between the components of business orientation and business performance. Results based on data from foreign and local firms in India indicate that marketing orientation in the foreign group has an indirect positive impact on business performance via brand image, whereas economic orientation has a direct impact on business performance. In local firms, none of the components of business orientation contribute significantly to brand image; however, a significant positive association between brand image and business performance was observed. The chapter discusses the results and proposes implications for the managers and researchers. Keywords: Foreign Firm; Social Orientation; Market Orientation; Business Performance; Brand Equity (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-61101-6_3 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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