Managing in an economic crisis: The role of market orientation in an international law firm

Fiona Lettice, Markus Tschida, Ingo Forstenlechner

Research output: Contribution to journalArticlepeer-review

15 Citations (Scopus)
4 Downloads (Pure)

Abstract

This research paper contributes to the understanding of the relationship between market orientation and performance in the context of a law firm during a time of economic crisis. The contribution is twofold, adding to the fairly limited research on market orientation within law firms, and to the limited research on the role of market orientation in times of economic crisis. The findings, from the questionnaire survey and semi-structured interviews within practice groups of a large multinational law firm, conclude that market orientation is important during an economic crisis. Those practice groups with higher market orientation scores withstand the increased turbulence and outperform those practice groups with lower market orientation scores.
Original languageEnglish
Pages (from-to)2693-2700
JournalJournal of Business Research
Volume67
Issue number1
DOIs
Publication statusPublished - 1 Jan 2014

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