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

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.

The configurational effects of centrifugal and centripetal forces on firms' breakthrough innovation and strategic performance in the artificial intelligence context

“…Firms' BI has the potential to create a market that can change consumers' consumption habits and re-establish their preferences, increasing consumers' dependence on products and, thus, establishing a market position (Zhang and Jin, 2015). Moreover, by challenging the existing competitive pattern, BI expands firms' market influence and corporate reputations if the firm has a good image of complying with AI ethics (Du and Xie, 2021;Haas and Ham, 2015).…”

“…The resource-based view points out that firms' investment in innovation resources (Kleis et al, 2012) and alliance networks (Gassmann et al, 2010) affect BI positively. Based on dynamic capability theory, some scholars have claimed that opportunity reaction, resource integration and market orientation abilities can positively influence BI (Wang and Feng, 2020;Zhang and Jin, 2015), while organisational inertia and routine duplication are U-shaped or even negatively related to BI (Cheng and Chen, 2013;Jin et al, 2021). The findings from the organisational learning perspective are contradictory in this regard.…”

“…, 2010) affect BI positively. Based on dynamic capability theory, some scholars have claimed that opportunity reaction, resource integration and market orientation abilities can positively influence BI (Wang and Feng, 2020; Zhang and Jin, 2015), while organisational inertia and routine duplication are U-shaped or even negatively related to BI (Cheng and Chen, 2013; Jin et al. , 2021).…”

Analysis of the Influence of Entrepreneurial Apprehension and Entrepreneurial Strategic Orientation on Breakthrough Innovation

“…A review of literature shows that researchers have previously immersed themselves in attempting to understand entrepreneurial awareness-entrepreneurial strategic orientationbreakthrough innovation relationships respectively. Based on technological innovation, strategic management, entrepreneurship, and planning behavior, a variety of academic perspectives and frameworks have been explored in the field, such as market orientation [23][24][25]34,35], technology orientation [23][24][25], and entrepreneurial orientation [26][27][28]36,37]. Such approaches obscure our understanding of the evolution of the above factors as interactive networks.…”