2019
DOI: 10.19044/esj.2019.v15n7p71
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Measuring the Performance of Automobile Services Sector in Ghana: A Pricing Orientation Approach

Abstract: This study examines the role of pricing orientation in firm performance -focusing on specific components such as value-oriented pricing, costoriented pricing, competition-oriented pricing, demand-oriented pricing and customer oriented pricing. The study sample comprised of Small and Micro Enterprises (SMEs) automobile services firms in Ghana. 498 firms participated in the study. A hierarchical regression was conducted to estimate the paths between pricing orientation and firm performance. All the pricing orien… Show more

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Cited by 5 publications
(10 citation statements)
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References 40 publications
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“…This lends further support to previous findings in the literature, showing that customer orientation consistently leads to greater levels of firm innovativeness across countries (e.g. Theoharakis and Hooley, 2008) and the importance of customer orientation in the creation of innovations, which in turn contributes to performance (Kankam-Kwarteng et al, 2019). As a response to proposals in the earlier literature (e.g.…”
Section: Discussionsupporting
confidence: 88%
“…This lends further support to previous findings in the literature, showing that customer orientation consistently leads to greater levels of firm innovativeness across countries (e.g. Theoharakis and Hooley, 2008) and the importance of customer orientation in the creation of innovations, which in turn contributes to performance (Kankam-Kwarteng et al, 2019). As a response to proposals in the earlier literature (e.g.…”
Section: Discussionsupporting
confidence: 88%
“…Moreover, it seems that the hospitality industry finds itself continuously responding to customer demands through the creation of service value, and their employees were encouraged sufficiently to go above and beyond to serve customers well, which is difficult to imitate and is directly related to the development of innovativeness, as well as the acquisition of a competitive advantage [73,89]. This finding is compatible with previous studies on customer-oriented strategy and innovation in the service and hospitality sector and shows that customer orientation is of major importance for innovation [15,23,44,89] due to the fact that in the hospitality industry, which is composed of bundled services, the customer orientation should make memorable experiences available and involve customers in the service delivery process as well as renovate its portfolio to meet the changing needs of their customers.…”
Section: Theoretical Implicationssupporting
confidence: 84%
“…According to Deshpandé [43] and his colleagues (1993), customer orientation can be defined as "the set of beliefs that puts the customer's interest first, while not excluding those of all other stakeholders such as owners, managers, and employees, in order to develop a long-term profitable enterprise" [43]. This way of operating the business is related to the development of innovation and performance as you seek service differentiation from the competition and support the continuous willingness of the business to respond and satisfy customer needs [44]. Due to the strong competition that exists in the field of hospitality, businesses adopt innovative behaviors, services and products to meet customer expectations [15].…”
Section: Customer-oriented Strategy and Innovationmentioning
confidence: 99%
“…The results of this test are the same as those conducted bySingh and Venugopal (2015),Pekovic and Rolland (2016), Shuleska et al, 2018;, Hughes et al (2019) andLiu et al (2019). In their research, it was also found that customer orientation did not have a significant effect on salesperson performance.The results of the hypothesis test are different from the results of research conducted by several researchers, namely(Daruoei & Basirat, 2017),(Kaliappen & Abubakar, 2017),(Nuryakin, 2018),Neneh (2018),Kwarteng et al (2019), where in their research customer orientation actually had a significant effect on salesperson performance. The effect of customerRahmawan, G., Budiyanto., Suwitho.…”
contrasting
confidence: 83%
“…Researchers found inconsistencies in the results in studies conducted in the last 5 years. Some research that supports the relationship between customer orientation and performance include (Daruoei dan Basirat, 2017;Kaliappen dan Abubakar, 2017;(Nuryakin, 2018) ;Neneh, 2018;Kwarteng et al, 2019). Researchers found inconsistencies in the results in studies conducted in the last 5 years.…”
Section: Introductionmentioning
confidence: 99%