IDEAS home Printed from https://ideas.repec.org/a/aka/aoecon/v65y2015isupplement2p131-144.html
   My bibliography  Save this article

Effects of Market Orientation and Breakthrough Innovation on Organizational Performance of International Enterprises

Author

Listed:
  • Zaixu Zhang

    (School of Economics and Management, China University of Petroleum (Huadong), No. 66, Changjiang West Road, Huangdao District, Qingdao, China, 266580)

  • Chunqing Jin

    (School of Economics and Management, China University of Petroleum (Huadong), No. 66, Changjiang West Road, Huangdao District, Qingdao, China, 266580)

Abstract

In the economic growth process when China joined in WTO, internationalized operation has become an inevitable issue. Under the new normal economic condition, including the cut off tariffs on imported goods, businesses in China have realized the importance of enhancing the overall brand image, quality of products and services, and the international compatibility. Businesses of China need to develop creative and high-value-added products, and shall be able to rapidly change to satisfy market requirements to distinguish themselves from other products. It is the way of creating a new pattern of upgrading. It is the market-orientated development that is a primary condition for enterprises to adapt to the rapidly changing environment, keeping growth and attracting customers, acquiring competitive advantages, and creating excellent value for customers. It reveals the fact that in the future, businesses must change the focus from product to market needs. It is the marketorientation which could generate the competitive strength to resist competitors. The research involves in total 45 international enterprises, which are distributed with the questionnaires. There are totally 124 and 107 copies of questionnaires retrieved from manufacturing industry and service industry, with valid retrieval rates of 54% and 46%, respectively. The research results show that: 1. there is positive effect of market orientation on breakthrough innovation, 2. there is positive effect of breakthrough innovation on organizational performance, and 3. there is positive effect of market orientation on organizational performance. Based upon the results, some suggestions are proposed in this study, expecting to help international enterprises develop market orientation, enhance breakthrough innovation, and improve organizational performance.

Suggested Citation

  • Zaixu Zhang & Chunqing Jin, 2015. "Effects of Market Orientation and Breakthrough Innovation on Organizational Performance of International Enterprises," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 65(supplemen), pages 131-144, December.
  • Handle: RePEc:aka:aoecon:v:65:y:2015:i:supplement2:p:131-144
    as

    Download full text from publisher

    File URL: http://www.akademiai.com/doi/pdf/10.1556/032.65.2015.S2.10
    Download Restriction: subscription
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aka:aoecon:v:65:y:2015:i:supplement2:p:131-144. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kriston, Orsolya (email available below). General contact details of provider: https://akademiai.hu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.