CEO championing of pricing, pricing capabilities and firm performance in industrial firms

被引:39
作者
Liozu, Stephan M. [1 ]
Hinterhuber, Andreas [2 ]
机构
[1] Case Western Reserve Univ, Cleveland, OH 44106 USA
[2] Hinterhuber & Partners & USI Lugano, Innsbruck, Austria
关键词
CEO; Champions; B2B pricing; Firm performance; Pricing capabilities; RESOURCE-BASED VIEW; MARKETING CAPABILITIES; ORGANIZATIONAL PERFORMANCE; COMPETITIVE ADVANTAGE; CONCEPTUAL-FRAMEWORK; LEADERSHIP; FUTURE; MINDFULNESS; ANTECEDENTS; ORIENTATION;
D O I
10.1016/j.indmarman.2012.09.003
中图分类号
F [经济];
学科分类号
02 ;
摘要
CEOs uniquely shape activities within the firm. Among potential activities, pricing is unique: pricing has a direct and substantial effect on firm performance. In what may be the first quantitative study in industrial marketing polling exclusively CEOs globally we examine to which degree CEO championing of pricing influences pricing capabilities and firm performance. Our sample consists of 358 CEOs of industrial firms. Our results suggest that the level of championing of pricing by the CEO positively influences decision-making rationality, pricing capabilities, and collective mindfulness thereby leading to a significantly higher firm performance. This study also documents a relationship between decision making rationality and pricing capabilities (but not firm performance) thus suggesting that intuition in pricing decisions could drive firm performance. (C) 2012 Elsevier Inc. All rights reserved.
引用
收藏
页码:633 / 643
页数:11
相关论文
共 107 条
  • [61] Accounting for common method variance in cross-sectional research designs
    Lindell, MK
    Whitney, DJ
    [J]. JOURNAL OF APPLIED PSYCHOLOGY, 2001, 86 (01) : 114 - 121
  • [62] Liozu S., 2011, 1 INT C ENG MAN SCHO
  • [63] Liozu Stephan M., 2012, Journal of Business Strategy, V33, P28, DOI 10.1108/02756661211242681
  • [64] Mindful pricing: transforming organizations through value-based pricing
    Liozu, Stephan
    Hinterhuber, Andreas
    Perelli, Sheri
    Boland, Richard
    [J]. JOURNAL OF STRATEGIC MARKETING, 2012, 20 (03) : 197 - 209
  • [65] THE EFFECT OF CEOS ON FIRM PERFORMANCE
    Mackey, Alison
    [J]. STRATEGIC MANAGEMENT JOURNAL, 2008, 29 (12) : 1357 - 1367
  • [66] March J.G., 1993, Organizations, V2nd, DOI DOI 10.2307/2390654
  • [67] BOUNDED RATIONALITY, AMBIGUITY, AND ENGINEERING OF CHOICE
    MARCH, JG
    [J]. BELL JOURNAL OF ECONOMICS, 1978, 9 (02): : 587 - 608
  • [68] MEDSKER GJ, 1994, J MANAGE, V20, P439, DOI 10.1016/0149-2063(94)90022-1
  • [69] Marketing capabilities: Antecedents and implications for B2B SME performance
    Merrilees, Bill
    Rundle-Thiele, Sharyn
    Lye, Ashley
    [J]. INDUSTRIAL MARKETING MANAGEMENT, 2011, 40 (03) : 368 - 375
  • [70] MILLER D, 1987, ACAD MANAGE J, V30, P7, DOI 10.5465/255893