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Market Orientation for Better Accountability of Government-Linked Companies

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  • Said, Jamaliah
  • Alam, Md. Mahmudul

    (Universiti Utara Malaysia)

  • Abdullah, Nik Herda Nik
  • Zulkarnain, Nur Nadiah

Abstract

This study assesses the status of the current level of market orientation among the Government-Linked Companies (GLCs) in Malaysia. This study collected primary data based on a set of questionnaire survey among 134 executives and managers of GLCs in Malaysia. The data were collected based on opinions of the ten factors of market orientation practices by using the five-point Likert scale. The data were analysed using descriptive statistics. On an average, 86.6% of the respondents agreed that they focus on these factors of market orientation. The federal owned GLCs place more emphasis on market orientation than the state owned GLCs. This study suggests improving the practices of market orientation of GLCs in Malaysia by emphasizing on providing close attention to after-sales service, responding rapidly to the threats of competitive actions, regularly discussing the competitors’ strengths and strategies by top management, and freely communicating successful and unsuccessful customer experiences across all business functions. It is suggested that Malaysian GLCs should serious invest in market orientation to deliver higher accountability outcomes.

Suggested Citation

  • Said, Jamaliah & Alam, Md. Mahmudul & Abdullah, Nik Herda Nik & Zulkarnain, Nur Nadiah, 2019. "Market Orientation for Better Accountability of Government-Linked Companies," SocArXiv uxfqa, Center for Open Science.
    • Handle: RePEc:osf:socarx:uxfqa
    DOI: 10.31219/osf.io/uxfqa
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    References listed on IDEAS

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    1. Boso, Nathaniel & Story, Vicky M. & Cadogan, John W., 2013. "Entrepreneurial orientation, market orientation, network ties, and performance: Study of entrepreneurial firms in a developing economy," Journal of Business Venturing, Elsevier, vol. 28(6), pages 708-727.
    2. Nazrul Hisyam Ab Razak & Rubi Ahmad & Huson Aliahmed Joher, 2011. "Does Government Linked Companies (GLCs) perform better than non-GLCs? Evidence from Malaysian listed companies," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 1(1), pages 1-10.
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