The impact of formal processes for market information acquisition and utilization on the performance of Chinese new ventures

被引:29
作者
Song, Michael [2 ]
Di Benedetto, C. Anthony [1 ,3 ]
Parry, Mark E.
机构
[1] Temple Univ, Fox Sch Business, Dept Mkt & Supply Chain Management, Philadelphia, PA 19122 USA
[2] Univ Missouri, Inst Entrepreneurship & Innovat Management Techno, Kansas City, MO USA
[3] Eindhoven Univ Technol, NL-5600 MB Eindhoven, Netherlands
基金
中国国家自然科学基金;
关键词
Marketing strategy; New product development and launch; Product management; Regression; Survey research; PRODUCT DEVELOPMENT; ENTREPRENEURSHIP RESEARCH; CHANNEL RELATIONSHIPS; CONTINGENT VALUE; ORIENTATION; TECHNOLOGY; STRATEGY; MODEL; ANTECEDENTS; UNCERTAINTY;
D O I
10.1016/j.ijresmar.2009.08.003
中图分类号
F [经济];
学科分类号
02 ;
摘要
The authors examine the performance impact of formal market information processes. Specifically, a theoretical model is developed that hypothesizes that formal processes for market information acquisition and utilization have direct and positive main effects on new venture success and is then tested using a sample of 222 new ventures located in China. Findings indicate that new venture success is positively correlated with the use of formal processes for market information acquisition and use. Moreover, the relative importance of formal processes to the acquisition and use of market information depends on whether the new venture serves an emerging or established market. In particular, the impact of formal processes for information acquisition is higher among new ventures that serve emerging markets. In contrast, the impact of formal processes for information use is higher among new ventures that serve established markets. We present managerial implications of our results. For example, a new venture with a strong market orientation can respond quickly to emerging marketplace needs, and can even seize the advantage from incumbents. If it is in an emerging market, however, the new venture management team should strive to excel at information acquisition; in an established market, it is important for the management team to excel at information utilization. (C) 2009 Elsevier B.V. All rights reserved.
引用
收藏
页码:314 / 323
页数:10
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