ADJUSTED NARVER AND SLATERaS MARKET ORIENTATION CONCEPT AND FIRM PERFORMANCE IN NIGERIAN COMPANIES.

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Dr. OLALEKAN ASIKHIA
Dr. OLALEKAN ASIKHIA
α Covenant University Covenant University

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ADJUSTED NARVER AND SLATERaS MARKET ORIENTATION CONCEPT AND FIRM PERFORMANCE IN NIGERIAN COMPANIES.

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Abstract

Market orientation as a business philosophy in which understanding and satisfying the customers is essential has been suggested to be a vital variable for a successful business operation. To test this assertion empirically, this study looks into the nature of the correlational relationship between market orientation and firm performance using sample data from firms in Nigeria. How Narver and Slater’s scale for measuring the extent of market orientation is investigated, tested, adjusted and used for Nigerian context. The results show that there is a significant positive correlation between market orientation and business performance .i.e the performance of the firms understudy have been greatly enhanced by their adoption of market orientation, and the Narver and Slater’s scale was discovered to be better suited for Nigerian context when seen as comprising of com petitor and customer orientation.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. OLALEKAN ASIKHIA. 1970. \u201cADJUSTED NARVER AND SLATERaS MARKET ORIENTATION CONCEPT AND FIRM PERFORMANCE IN NIGERIAN COMPANIES.\u201d. Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 11 (GJMBR Volume 11 Issue A7): .

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GJMBR Volume 11 Issue A7
Pg. 55- 61
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Market orientation as a business philosophy in which understanding and satisfying the customers is essential has been suggested to be a vital variable for a successful business operation. To test this assertion empirically, this study looks into the nature of the correlational relationship between market orientation and firm performance using sample data from firms in Nigeria. How Narver and Slater’s scale for measuring the extent of market orientation is investigated, tested, adjusted and used for Nigerian context. The results show that there is a significant positive correlation between market orientation and business performance .i.e the performance of the firms understudy have been greatly enhanced by their adoption of market orientation, and the Narver and Slater’s scale was discovered to be better suited for Nigerian context when seen as comprising of com petitor and customer orientation.

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ADJUSTED NARVER AND SLATERaS MARKET ORIENTATION CONCEPT AND FIRM PERFORMANCE IN NIGERIAN COMPANIES.

Dr. OLALEKAN ASIKHIA
Dr. OLALEKAN ASIKHIA Covenant University

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