TITEL
International marketing program adaptation, strategic fit, and export performance : an empirical investigation
FöRFATTARE
Hultman, Magnus
INSTITUTION
Industriell ekonomi och samhällsvetenskap / Industriell marknadsföring och e-handel
SAMMANFATTNING
The current trend toward globalization has created countless new business
opportunities for companies. At the same time, however, it has facilitated
participation by foreign competitors on all fronts. Because of this,
international marketing strategies are proving to be of increasing
importance to companies of all types and sizes, especially those that
desire to branch out into new markets through exporting. Yet despite
continued calls for further studies and more than half a decade of
discussion in the area of international marketing strategy and export
performance among practitioners and researchers, the issue is still highly
debated and largely unresolved. Accordingly, the purpose of this thesis was
to investigate the connection between international marketing strategy and
export performance.
Using the contingency perspective and the strategic fit paradigm as
theoretical platform, a survey was conducted among manufacturing companies
in Sweden’s three largest export industries and four largest export
markets. Specifically, data were collected on the antecedents of marketing
program adaptation, the degree of pursued adaptation, and export
performance from a sample of more than 300 Swedish export ventures.
The results obtained for this thesis suggest that there are a number of
contingency factors in firms’ macro, micro, and internal environments,
which appear capable of determining their level of pursued international
marketing program adaptation. Notably, differences between the domestic and
export venture markets related to sociocultural environment, technological
environment, market characteristics, marketing infrastructure, customer
characteristics, and a product’s stage in its life cycle are significantly
related to marketing program adaptation. Similar connections were also
found when firms have long durations in terms of export venture experience,
smaller scopes of exporting experience, and higher degrees of commitment to
the export ventures. With regards to this thesis’ core issue of the
connection between international marketing strategy and export performance,
the findings strongly suggest that international marketing program
adaptation per se is not detrimental to export performance, but rather the
strategic fit between the degree of pursued international marketing program
adaptation and the relevant contingency factors that propose the pursued
strategy.
Consequently, managers who wish to achieve superior export performance
should first carefully assess their targeted export markets as well as
their firms’ internal capabilities in view of the identified relevant
antecedents of marketing program adaptation. Secondly, they should develop
the appropriate capacities and abilities for achieving strategic fit in
addition to learning how to diagnose and amend misfit. With its primary
focus on strategic fit rather than marketing standardization or adaptation,
this thesis offered an alternative explanation for the conflicting findings
evident in the international marketing literature, and it can be viewed as
a step in the right direction towards resolving the longstanding dispute
about the superiority of standardized versus adapted marketing programs.
ISSN 1402-1544 / ISRN LTU-DT--08/67--SE / NR 2008:67
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