The impact of market orientation strategy on performance of commercial banks in Jordan Online publication date: Sat, 10-May-2014
by Sulieman Ibraheem Shelash Al-Hawary; Kamel Mohammad Yousef Al-hawajreh; Hussein Ali Al-Zeaud; Anber Abraheem Shlash Mohammad
International Journal of Business Information Systems (IJBIS), Vol. 14, No. 3, 2013
Abstract: This study aimed to investigate the impact of market orientation strategy on the performance of commercial banks in Jordan. A 17-question questionnaire was devised and distributed to a random sample of 274 employees. Two hundred seventy questionnaires were restored with a response percentage of 98.54%. And by using SPSS version-17, the impact of market orientation was assessed as to the performance of the companies concerned. The study revealed the existence of a positive impact, with its whole dimensions, of the market-orientation. This includes the following being ordered according to their importance: customer-orientation, competitors orientation as well as inter-functional coordination. The study recommends a continuous review of the market-orientation in order to reinforce its positive aspects and address its negative ones, motivate bank work teams to improve their skills of precisely defining the clients' needs and ensure meeting them, and respond immediately to the competitors' plans and strategies. This has the effect of motivating the clients to proceed to deal with and prefer the bank concerned, cooperate with its employees and share the information related to clients and competitors with them.
Online publication date: Sat, 10-May-2014
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