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The concept and framework of market sensing was introduced by George Day more than 20 years ago into the strategic marketing literature and especially the philosophy of the market-driven organization. Market sensing can be considered an expression of a company's capabilities to scan the external environment. It does this by using real time data and intelligence to understand business or uncertain changes, to meet the current and future needs of the market, increase customer value, and outperform competitors. Market sensing enables managers to resist complacency, as well as to exploit opportunities and to design appropriate competitive strategies in order to remain successful in today's uncertain, rapidly changing, and hypercompetitive market. The present volume, Market Sensing Today, is essential reading in the marketing discipline, given the rapidly escalating innovative developments in market sensing techniques. This book of essays by acknowledged experts in the field fills an important knowledge gap and provides a realistic basis for strategy. It is replete with real-life examples of market sensing that illustrate actionable ideas for immediate impact that will improve organizational learning and accelerate growth. This book of contemporary tested and comprehensive concepts and methods grounded in diverse and rich experience is intended to stimulate creativity and insightful approaches for educators offering courses in strategy as well as for practitioners involved in crucial strategic decision making.
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Today's practicing marketers and scholars are confronted with a wide array of conflicting and imprecise information about best practices by which to search, gather, consolidate and interpret market information. Consequently, the need has never been greater to optimize market sensing to generate managerial actions that efficiently and effectively utilize knowledge of emerging consumer needs and competitive threats. This book addresses these urgent concerns. In essence, Market Sensing Today will cover, in ground-breaking ways, the following marketing managerial areas: * marketing opportunities associated with conventional and progressive bases of segmentation. * trends in market segment size and growth affecting long-range planning. * strategic direction for reaching future goals. * managerial understanding of assumptions competitors make about themselves. * the direction of current market strategies. * adding to the knowledge of a firm's core competencies. * how new market knowledge is best integrated into a firm's market intelligence system. * best ways to ensure the quality of information underlying decisions. * how benchmarking improves with market sensing. * best approaches for translating business issues into projects. * ways that key information may be disseminated within firms. * how proposed strategic changes are promoted by market sensing. * roles customer satisfaction insights play in policy. This book will address these key issues and more, to advance theory, research and practice based on latest developments in this vital field. It will show how to re-formulate traditional models that no longer work.
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The search for an ethical vendor who is honest and trustworthy in the exchange process is conceptualized as the Diogenes Effect, an innovative concept. In the light of this effect, the theoretical framework of the current study's model involved retail buyer responses to vendor persuasive communications. The model was tested by having a sample of retailer buyers complete a survey of information processing in the search for a product and vendor. This study innovatively links vendor communication effects to retailer buyer decision-making and evaluations by incorporating and integrating elements of Elaboration Likelihood Theory. Contributing to theory-building, it was found that when retailer buyers searched for a vendor with an ethical orientation, the result was intensified central processing of information and decreased peripheral information processing. This was especially salient when retailer buyers had greater longevity of professional experience. The next stage, information processing, led to feedback that enabled assessment of vendor trustworthiness. Finally, the research measured the level of fulfillment in the post-purchase phase. In the end, typical outcomes included the generation of favorable expectations of vendor performance, as well as the positive impact of those heightened favorable expectations on greater satisfaction with the value ultimately received from the vendor.
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Academic dishonesty of students is a problem that threatens the integrity of educational institutions. Understanding the sources of academic dishonesty has become an urgent need, which compels higher educational institutions to evaluate and redesign approaches to address this problem. To develop new and important insights about this this form of student misconduct, this paper takes an integrative social cognitive perspective. It explores students’ attitudes toward various forms of academic dishonesty. The central research question concerns the impact of individual differences in moral disengagement and Machiavellianism on academic dishonesty tendencies. The study is based on a sample of 195 students at a public university in northeastern United States. Analysis was conducted by partial least squares equation modeling (SmartPLS-SEM). The analysis disclosed that, in sum, moral disengagement was strongly associated with academic dishonesty attitudes of fabricating information and both moral disengagement and Machiavellianism were associated with obtaining unfair academic dishonesty advantages. Data supported nearly all aspects of a structural model of academic dishonesty tendencies, with the exception of an association between Machiavellianism and receiving or abetting academic dishonesty, as well as an association between moral disengagement and ignoring prevalent practices that were in the predicted direction but were not significant. These findings provide a general understanding of the process by which academic dishonesty is determined. Study implications for ameliorating the impact of academic dishonesty are as follows: students should be engaged in an atmosphere full of communal morality, dissuasive of justificatory rationalizations and social arrangements that negate students’ use of moral disengagement.
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