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Does improvisation help or hinder planning in determining export success? Decision theory applied to exporting

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journal contribution
posted on 13.08.2015 by Ekaterina Nemkova, Anne Souchon, Paul Hughes, M Micevski
Exporting allows organizations to diversify risk and generate multiple income streams, which plays an important role in the viability of firms. In turn, making good export decisions is hailed as one of the main determinants of performance. However, substantive export decisions are well researched, but little is still known about how export decisions are/should be made in practice. This study addresses this gap using decision theory (normative and descriptive approaches). In particular, the interaction of planning and improvisation is assessed and its impact on export performance examined. A conceptual model was developed through exploratory research, tested through the use of structural equation modelling, and explained via post-hoc in-depth interviews (in three studies). The results indicate improvisation has multiple dimensions (spontaneity, creativity and action-orientation) and multiple consequences; that planning and improvisation both enhance performance through responsiveness, that action-orientation helps planning result in greater responsiveness, but that spontaneity and creativity can be harmful to the effectiveness of planning (in terms of responsiveness and financial performance). Results are discussed, contribution outlined, and further research proposed.

History

School

  • Business and Economics

Department

  • Business

Published in

Journal of International Marketing

Citation

NEMKOVA, E. ... et al, 2015. Does improvisation help or hinder planning in determining export success? Decision theory applied to exporting. Journal of International Marketing, 23(3), pp.41-65.

Publisher

© American Marketing Association

Version

AM (Accepted Manuscript)

Publisher statement

This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/

Publication date

2015

Notes

This paper was accepted for publication in the journal Journal of International Marketing and the definitive published version is available at http://dx.doi.org/10.1509/jim.14.0071

ISSN

1547-7215

Language

en

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