Skip to main content
Top
Published in: Journal of the Academy of Marketing Science 1/2011

01-02-2011 | Editorial

Market-focused sustainability: market orientation plus!

Author: G. Tomas M. Hult

Published in: Journal of the Academy of Marketing Science | Issue 1/2011

Log in

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

The concept of sustainability is increasingly being addressed theoretically by scholars and practically by managers and policymakers. With this growing focus on sustainability efforts, marketing is in a unique position to elevate its focus from managing relationships with customers to strategically managing a broader set of marketplace issues. Overall, an organization achieves market-based sustainability to the extent that it strategically aligns itself with the market-oriented product needs and wants of customers and the interests of multiple stakeholders concerned about social responsibility issues involving economic, environmental, and social dimensions. To set the stage for marketing’s inquiry into sustainability efforts, I briefly review the concept of sustainability, compare it with corporate social responsibility, bring in stakeholders, argue for the notion of “market orientation plus,” and consider the possibility that the notion of what sustainability encompasses is converging in the marketing literature.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Literature
go back to reference Barney, J. B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99–120.CrossRef Barney, J. B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99–120.CrossRef
go back to reference von Bertalanffy, L. (1969). General systems theory: Foundations, development, applications. New York: George Braziller, Inc. von Bertalanffy, L. (1969). General systems theory: Foundations, development, applications. New York: George Braziller, Inc.
go back to reference Chabowski, B. R., Mena, J. A., & Gonzalez-Padron, T. L. (2011). The structure of sustainability research in marketing, 1958–2008: a basis for future research opportunities. Journal of the Academy of Marketing Science, 39(1), 55–70. Chabowski, B. R., Mena, J. A., & Gonzalez-Padron, T. L. (2011). The structure of sustainability research in marketing, 1958–2008: a basis for future research opportunities. Journal of the Academy of Marketing Science, 39(1), 55–70.
go back to reference Clarkson, M. (1995). A stakeholder framework for analyzing and evaluating corporate social performance. Academy of Management Review, 20(1), 92–117.CrossRef Clarkson, M. (1995). A stakeholder framework for analyzing and evaluating corporate social performance. Academy of Management Review, 20(1), 92–117.CrossRef
go back to reference Closs, D. J., Speier, C., & Meacham, N. (2011). Sustainability to support end-to-end value chains: the role of supply chain management. Journal of the Academy of Marketing Science, 39(1), 101–116. Closs, D. J., Speier, C., & Meacham, N. (2011). Sustainability to support end-to-end value chains: the role of supply chain management. Journal of the Academy of Marketing Science, 39(1), 101–116.
go back to reference Connelly, B. L., Ketchen, D. J., & Slater, S. F. (2011). Toward a theoretical toolbox for sustainability research in marketing. Journal of the Academy of Marketing Science, 39(1), 86–100. Connelly, B. L., Ketchen, D. J., & Slater, S. F. (2011). Toward a theoretical toolbox for sustainability research in marketing. Journal of the Academy of Marketing Science, 39(1), 86–100.
go back to reference Crittenden, V. L., Crittenden, W. F., Ferrell, L. K., Ferrell, O.C., & Pinney, C. (2011). Market-oriented sustainability: a conceptual framework and propositions. Journal of the Academy of Marketing Science, 39(1), 71–85. Crittenden, V. L., Crittenden, W. F., Ferrell, L. K., Ferrell, O.C., & Pinney, C. (2011). Market-oriented sustainability: a conceptual framework and propositions. Journal of the Academy of Marketing Science, 39(1), 71–85.
go back to reference Cronin, J. J., Smith, J. S., Gleim, M. R., Martinez, J., & Ramirez, E. (2011). Sustainability-oriented marketing strategies: an examination of stakeholders and the opportunities they present. Journal of the Academy of Marketing Science, 39(1), 158–174. Cronin, J. J., Smith, J. S., Gleim, M. R., Martinez, J., & Ramirez, E. (2011). Sustainability-oriented marketing strategies: an examination of stakeholders and the opportunities they present. Journal of the Academy of Marketing Science, 39(1), 158–174.
go back to reference Donaldson, T., & Preston, L. E. (1995). The stakeholder theory of the corporation: concepts, evidence, and implications. Academy of Management Review, 20(1), 65–91.CrossRef Donaldson, T., & Preston, L. E. (1995). The stakeholder theory of the corporation: concepts, evidence, and implications. Academy of Management Review, 20(1), 65–91.CrossRef
go back to reference Engardio, P., Capell, K., Carey, J., & Hall, K. (2007). Beyond the green corporation: imagine a world in which eco-friendly and socially responsible practices actually help a company’s bottom line. it’s closer than you think. Businessweek, January 29, 50. Engardio, P., Capell, K., Carey, J., & Hall, K. (2007). Beyond the green corporation: imagine a world in which eco-friendly and socially responsible practices actually help a company’s bottom line. it’s closer than you think. Businessweek, January 29, 50.
go back to reference Ferrell, O. C., Gonzalez-Padron, T. L., Hult, G. T. M., & Maignan, I. (2010). From market orientation to stakeholder orientation. Journal of Public Policy and Marketing, 29(1), 93–96.CrossRef Ferrell, O. C., Gonzalez-Padron, T. L., Hult, G. T. M., & Maignan, I. (2010). From market orientation to stakeholder orientation. Journal of Public Policy and Marketing, 29(1), 93–96.CrossRef
go back to reference Freeman, R. E. (1984). Strategic management: A stakeholder approach. Marshfield: Pitman Publishing Inc. Freeman, R. E. (1984). Strategic management: A stakeholder approach. Marshfield: Pitman Publishing Inc.
go back to reference Freeman, R. E., Harrison, J. S., Wicks, A. C., Parmar, B. L., & de Colle, S. (2010). Stakeholder theory: The state of the art. Cambridge: Cambridge University Press. Freeman, R. E., Harrison, J. S., Wicks, A. C., Parmar, B. L., & de Colle, S. (2010). Stakeholder theory: The state of the art. Cambridge: Cambridge University Press.
go back to reference Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine, September 13. Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine, September 13.
go back to reference Huang, M.-H., & Rust, R. T. (2011). Sustainability and consumption. Journal of the Academy of Marketing Science, 39(1), 40–54. Huang, M.-H., & Rust, R. T. (2011). Sustainability and consumption. Journal of the Academy of Marketing Science, 39(1), 40–54.
go back to reference Hult, G. T. M., & Ketchen, D. J. (2001). Does market orientation matter? A test of the relationship between positional advantage and performance. Strategic Management Journal, 22(9), 899–906.CrossRef Hult, G. T. M., & Ketchen, D. J. (2001). Does market orientation matter? A test of the relationship between positional advantage and performance. Strategic Management Journal, 22(9), 899–906.CrossRef
go back to reference Hult, G. T. M., Ketchen, D. J., & Nichols, E. L. (2002). An examination of cultural competitiveness and order fulfillment cycle time within supply chains. Academy of Management Journal, 45(3), 577–586.CrossRef Hult, G. T. M., Ketchen, D. J., & Nichols, E. L. (2002). An examination of cultural competitiveness and order fulfillment cycle time within supply chains. Academy of Management Journal, 45(3), 577–586.CrossRef
go back to reference Hunt, S. D. (2011). Sustainable marketing, equity, and economic growth: a resource-advantage, economic freedom approach. Journal of the Academy of Marketing Science, 39(1), 7–20. Hunt, S. D. (2011). Sustainable marketing, equity, and economic growth: a resource-advantage, economic freedom approach. Journal of the Academy of Marketing Science, 39(1), 7–20.
go back to reference Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: managerial behavior, agency costs, and ownership structure. Journal of Financial Economics, 3(4), 305–360.CrossRef Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: managerial behavior, agency costs, and ownership structure. Journal of Financial Economics, 3(4), 305–360.CrossRef
go back to reference Johnson, R. L. (2009). Organizational motivations for going green or profitability versus sustainability. The Business Review, 13(1), 22–28. Johnson, R. L. (2009). Organizational motivations for going green or profitability versus sustainability. The Business Review, 13(1), 22–28.
go back to reference Kast, F. E., & Rosenzweig, J. E. (1972). General systems theory: applications for organization and management. Academy of Management Journal, 15(4), 447–465.CrossRef Kast, F. E., & Rosenzweig, J. E. (1972). General systems theory: applications for organization and management. Academy of Management Journal, 15(4), 447–465.CrossRef
go back to reference Ketchen, D. J., Hult, G. T. M., & Slater, S. F. (2007). Toward greater understanding of market orientation and the resource-based view. Strategic Management Journal, 28(9), 961–964.CrossRef Ketchen, D. J., Hult, G. T. M., & Slater, S. F. (2007). Toward greater understanding of market orientation and the resource-based view. Strategic Management Journal, 28(9), 961–964.CrossRef
go back to reference Matten, D., & Moon, J. (2008). Implicit and explicit CSR: a conceptual framework for a comparative understanding of corporate social responsibility. Academy of Management Review, 33(2), 404–424. Matten, D., & Moon, J. (2008). Implicit and explicit CSR: a conceptual framework for a comparative understanding of corporate social responsibility. Academy of Management Review, 33(2), 404–424.
go back to reference Mitchell, R. K., Agle, B. R., & Wood, D. J. (1997). Toward a theory of stakeholder identification and salience: defining the principle of who and what really counts. Academy of Management Review, 22(4), 853–886.CrossRef Mitchell, R. K., Agle, B. R., & Wood, D. J. (1997). Toward a theory of stakeholder identification and salience: defining the principle of who and what really counts. Academy of Management Review, 22(4), 853–886.CrossRef
go back to reference Nikolaeva, R., & Bicho, M. (2011). The role of institutional and reputational factors in the voluntary adoption of corporate social responsibility standards. Journal of the Academy of Marketing Science, 39(1), 136–157. Nikolaeva, R., & Bicho, M. (2011). The role of institutional and reputational factors in the voluntary adoption of corporate social responsibility standards. Journal of the Academy of Marketing Science, 39(1), 136–157.
go back to reference Peloza, J., & Shang, J. (2011). How corporate social responsibility activities create value for stakeholders? A systematic review. Journal of the Academy of Marketing Science, 39(1), 117–135. Peloza, J., & Shang, J. (2011). How corporate social responsibility activities create value for stakeholders? A systematic review. Journal of the Academy of Marketing Science, 39(1), 117–135.
go back to reference Scott, W. R. (1981). Developments in organization theory, 1960–1980. The American Behavioral Scientist, 24(3), 407–422.CrossRef Scott, W. R. (1981). Developments in organization theory, 1960–1980. The American Behavioral Scientist, 24(3), 407–422.CrossRef
go back to reference Scott, W. R. (2005). Institutional theory: Contributing to a theoretical research program. In K. G. Smith & M. A. Hitt (Eds.), Great minds in management: The process of theory development. Oxford: Oxford University Press. Scott, W. R. (2005). Institutional theory: Contributing to a theoretical research program. In K. G. Smith & M. A. Hitt (Eds.), Great minds in management: The process of theory development. Oxford: Oxford University Press.
go back to reference Sheth, J. N., Sethia, N. K., & Srinivas, S. (2011). Mindful consumption: A customer-centric approach to sustainability. Journal of the Academy of Marketing Science, 39(1), 21–39. Sheth, J. N., Sethia, N. K., & Srinivas, S. (2011). Mindful consumption: A customer-centric approach to sustainability. Journal of the Academy of Marketing Science, 39(1), 21–39.
go back to reference Smith, N. C. (2010). Bounded goodness: marketing implications of Drucker on corporate social responsibility. Journal of the Academy of Marketing Science, 37(1), 73–84.CrossRef Smith, N. C. (2010). Bounded goodness: marketing implications of Drucker on corporate social responsibility. Journal of the Academy of Marketing Science, 37(1), 73–84.CrossRef
go back to reference Strong, C. (1997). The problems of translating fair trade principles into consumer purchase behavior. Marketing Intelligence & Planning, 15(1), 32–37.CrossRef Strong, C. (1997). The problems of translating fair trade principles into consumer purchase behavior. Marketing Intelligence & Planning, 15(1), 32–37.CrossRef
go back to reference van Dam, Y. K., & Apeldoorn, P. A. C. (1996). Sustainable marketing. Journal of Macromarketing, 16(2), 45–56.CrossRef van Dam, Y. K., & Apeldoorn, P. A. C. (1996). Sustainable marketing. Journal of Macromarketing, 16(2), 45–56.CrossRef
go back to reference Varadarajan, R. (2010). Strategic marketing and marketing strategy: domain, definition, fundamental issues and foundational premises. Journal of the Academy of Marketing Science, 38(2), 119–140.CrossRef Varadarajan, R. (2010). Strategic marketing and marketing strategy: domain, definition, fundamental issues and foundational premises. Journal of the Academy of Marketing Science, 38(2), 119–140.CrossRef
go back to reference Wernerfelt, B. (1984). A resource-based view of the firm. Strategic Management Journal, 5(2), 171–180.CrossRef Wernerfelt, B. (1984). A resource-based view of the firm. Strategic Management Journal, 5(2), 171–180.CrossRef
go back to reference Wood, D. J. (1991). Corporate social performance revisited. Academy of Management Review, 16, 691–718.CrossRef Wood, D. J. (1991). Corporate social performance revisited. Academy of Management Review, 16, 691–718.CrossRef
go back to reference World Commission on Environment and Development. (1987). Our common future. Oxford: Oxford University Press. World Commission on Environment and Development. (1987). Our common future. Oxford: Oxford University Press.
Metadata
Title
Market-focused sustainability: market orientation plus!
Author
G. Tomas M. Hult
Publication date
01-02-2011
Publisher
Springer US
Published in
Journal of the Academy of Marketing Science / Issue 1/2011
Print ISSN: 0092-0703
Electronic ISSN: 1552-7824
DOI
https://doi.org/10.1007/s11747-010-0223-4

Other articles of this Issue 1/2011

Journal of the Academy of Marketing Science 1/2011 Go to the issue