Essays on supplier responsiveness and buyer firm value - Nyenrode ...
Essays on supplier responsiveness and buyer firm value - Nyenrode ...
Essays on supplier responsiveness and buyer firm value - Nyenrode ...
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comprehensive agreement <strong>on</strong> each other’s requirements. Hence, strategic <strong>supplier</strong><br />
resp<strong>on</strong>ses should generate <strong>buyer</strong> satisfacti<strong>on</strong> across The Netherl<strong>and</strong>s <strong>and</strong> United<br />
States. Therefore:<br />
H2: Supplier resp<strong>on</strong>siveness positively influences <strong>buyer</strong> satisfacti<strong>on</strong>, both in<br />
USA <strong>and</strong> The Netherl<strong>and</strong>s.<br />
In the extant marketing literature, the hypothesized relati<strong>on</strong>ship between<br />
satisfacti<strong>on</strong> <strong>and</strong> <strong>firm</strong> performance has focused <strong>on</strong> <strong>firm</strong> performance. Various<br />
measures such as loyalty, increased product usage levels, secure future revenues, <strong>and</strong><br />
increased customer percepti<strong>on</strong>s of quality are positively related to customer<br />
satisfacti<strong>on</strong>. However, this is evidence from a B2C setting <strong>and</strong> the role of customer<br />
satisfacti<strong>on</strong> in B2B relati<strong>on</strong>ships is disputed. In B2C c<strong>on</strong>texts, an individual’s<br />
satisfacti<strong>on</strong> reflects their own experience with the product <strong>and</strong> will likely influence<br />
their future purchase intenti<strong>on</strong>s. In a B2B setting, the purchase center does not<br />
directly have any experience with the product <strong>and</strong> may have a number of indicators to<br />
c<strong>on</strong>sider besides satisfacti<strong>on</strong> reports while making the purchase decisi<strong>on</strong> (Kotler,<br />
Armstr<strong>on</strong>g, Saunders, & W<strong>on</strong>g 2008, p.292). Another c<strong>on</strong>trast with the B2C<br />
satisfacti<strong>on</strong> measurement is that in large buying centers, often the purchasers even<br />
lack direct c<strong>on</strong>sumpti<strong>on</strong> experience (Kotler et al., 2008, p.292).<br />
Because of differences like these, Naray<strong>and</strong>as (2005) is of the opini<strong>on</strong> that<br />
satisfacti<strong>on</strong> does not have the same influence <strong>on</strong> <strong>firm</strong> profitability or customer loyalty<br />
in B2B markets as it does in B2C markets. However, from a cultural perspective,<br />
satisfacti<strong>on</strong> may have a different importance in different societies. C<strong>on</strong>sider the<br />
example of The Netherl<strong>and</strong>s <strong>and</strong> the United States. The positi<strong>on</strong> of The Netherl<strong>and</strong>s<br />
<strong>on</strong> the Hofstede index is similar to that of the United States, except <strong>on</strong> their cultural<br />
dimensi<strong>on</strong> of masculinity. The US represents a masculine society, where there is less<br />
emphasis up<strong>on</strong> caring for others as compared with more feminine countries such as<br />
The Netherl<strong>and</strong>s. It then could be argued that intangible indicators such as satisfacti<strong>on</strong><br />
would have more influence in feminine societies than in masculine <strong>on</strong>es, because in<br />
such cultures soft or feminine indicators <strong>and</strong> behaviors matter more (Hofstede, 1998,<br />
pp.4-27). At the macro level this difference between masculine <strong>and</strong> feminine societies<br />
can also be observed by the amount of m<strong>on</strong>ey they give to charity. Feminine societies<br />
give more than masculine societies, <strong>and</strong> this reflects their compassi<strong>on</strong> for humanity<br />
(Hofstede, 1998, pp.4-27). Furthermore, masculine countries are more m<strong>on</strong>etary<br />
oriented than feminine <strong>on</strong>es. In masculine countries, employees generally would opt<br />
for higher salaries compared to shorter working hours, whereas in feminine countries<br />
the opposite holds true (Hofstede, 1998, pp.4-27). Hence, we would expect that within<br />
organizati<strong>on</strong>s in feminine countries like The Netherl<strong>and</strong>s relati<strong>on</strong>al indicators such as<br />
satisfacti<strong>on</strong> would matter more than in masculine countries like the United States.<br />
Another reas<strong>on</strong> could be the homogeneity in society. Since the US is a heterogeneous<br />
society, the emphasis of a soft metric such as satisfacti<strong>on</strong> <strong>on</strong> the overall purchase<br />
decisi<strong>on</strong> could be less direct, resulting in diverse expectati<strong>on</strong>s. Hence, in the United<br />
States, focusing <strong>on</strong> performance-based measures could possibly provide clarity to<br />
channel partners about customer expectati<strong>on</strong>s when compared with relati<strong>on</strong>al<br />
performance factors. The Netherl<strong>and</strong>s, more cultural homogeneity could imply that<br />
soft cultural factors such as satisfacti<strong>on</strong> would have <strong>on</strong> the <strong>firm</strong> level performance.<br />
Hence, we expect the following hypotheses across countries:<br />
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