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This chapter will offer a complete review of the study's background, based on
extensive research.This research had been conducted on why there is a lack of
creativity in the world of marketing. Why Does it’s been restricted to already tried
and tested. We will share a background of this study and then we will end up with
research questions and objectives.
1.2 Background
Is it true that handling brand difficulties and engaging customers no longer requires
creativity? In a culture that is still struggling to make sense of so-called digital
channels, data and technology, and artificial intelligence, creativity seems to be out of
style.
Creativity, which is the oxygen of marketing, is necessary for the ability to
comprehend and work with people who use our categories, to comprehend brand
creativity barriers, and to innovate products and generate sales via innovative
solutions.
This section of the study will discuss the selection of this topic for a research study.
Being aware of the limitations that could stifle creativity and make it impossible for
innovators to come up with brilliant new solutions to challenges is essential for
successful creative thinking. One of the most prevalent barrier to creativity is fear of
failure. Since you are worried that someone will scorn your ideas or write them off
as non-conventional, this barrier may prevent you from sharing your thoughts.
Reliance on out-of-date concepts and conventional methods of thinking is another
major barrier to creativity. You can be doing this out of laziness or because you work
in a place where upholding the status quo is highly valued. You must start "thinking
outside the box," take uncommon detours, go out of your comfort zone, and give up
tried-and-true behaviors if you want to overcome these challenges. Fortunately, there
are methods you may employ to assist you get through the most common obstacles to
creativity.
This section discusses the research topics that this project will address. The following
are the questions :
1. Marketers failing to overcome key barriers to creativity?
2. Why do great creative ideas get killed?
3. Where do marketers need to focus to boost their creative performance?
1.6 Research Objectives
This part of the research will tell the objectives of the study.
1. To examine why marketers are falling to overcome key barriers to creativity.
2. To examine why do great creative ideas get killed.
3. To check that where do marketers need to focus to boost their creative
performance.
4. To examine why a conventional approach is being followed in marketing.
The current study sought to investigate how successful marketing plan execution and
creative marketing strategy influence a business performance.
Creativity is defined by psychologists as the ability to generate ideas that are both
original and adaptable (Simonton, 2001). Authors define creativity as the
development of novel, beneficial ideas for use in problem-solving strategies,
procedures, processes, and products. Innovating involves putting new ideas into
action, which necessitates individual originality (Amabile et al., 1996). Furthermore,
the ability to create innovative items is critical to a company's profitability and long-
term viability. The influence of creativity and the creative industries may now be
observed at the global economic level as a result of globalization and the
accompanying possibilities of selling goods and services worldwide (Gouvea & Vora,
2018).
Businesses that want to increase their profits must induce creativity in marketing
strategy. It is usually difficult to achieve this due to resource competitiveness,
environmental unpredictability, and cultural obstacles(Ishaq and Hussain, 2016). For
example, Pakistan's current economic and social situation has produced an unstable
and harsh economic outlook, affected all business sectors, hampered marketing
efforts, and badly impacted both individual and organizational performance.
The extent to which respectable products differ from competing alternatives has a
substantial influence on their profitability. Creating new marketing activities on a regular
basis aids in maintaining a high level of distinctiveness. According to market research,
established things are seldom creatively promoted, although certain product managers are
capable of developing unique marketing methods for their products. Prior studies have
demonstrated the influence of individual problem-solving inputs on marketing programme
creativity, including marketing environment knowledge, diversity of experience and
education, intrinsic motivation, risk-taking, and situational factors like formalization of the
planning process, interpersonal interaction, and time constraints. There is a window of
opportunity for businesses with the best capacity for innovation and creativity to
restructure their operations in order to obtain a sustainable competitive edge.New pricing
strategies, widened distribution channels, customer-driven supply networks, discrete touch
points, and value propositions tailored to their individual interests and preferences are all
provided by creative marketing strategies. These creative and marketing-mixed
characteristics help firms build distinctive skills that rivals cannot imitate, leading to long-
term competitive success. The capacity to be creative assists organizations in solving
problems and developing unique goods and methods to appeal to their target markets
and clientele. A corporation with creative talent is more likely to generate unique
goods and methods that command a significant market share and are difficult for
competitors to duplicate. Most organizations are effective at introducing new items
and processes to the market because they have a complete marketing plan based on
their employees' creativity, aptitude, and market orientation. Because of their
uniqueness and creativity, these companies have established a strong competitive
position in the market, making it difficult for their competitors to compete. The ability
of an organization to produce and market original, valuable, and imperfectly imitable
things and processes is determined by its creativity.
Present research will follow the above devised research model. The model consists of
two independent variables which are creative marketing strategy and effective
execution and one dependent variables which is business unit performance whereas
strategic orientation & environmental uncertainty is being investigated as moderator
which influences the effect of independent variables on dependent variable i.e.
business unit performance.
The research approach adopted in this study is positivism (Park, Konge and Artino,
2020). The deductive research approach, which permits the construction of functional
linkages between independent factors and dependent variables, is the foundation of
positivism (Reyes, 2004). This technique is used to validate a priori statements that
are usually expressed quantitatively. A cross-sectional research design and a survey
technique are used to support the investigation.
This quantitative research employs descriptive analysis. The data utilized in this study
is secondary data derived from existing research on creative marketing strategy and
effective execution on performance in Pakistan.
3.3.1 Sample
We used samples from prior research that covered the Lahore and Karachi stock
exchanges as sources for this study (Ishaq and Hussain, 2016b). For the purpose of
random selection, eight groupings of industries are initially generated from the two
stock exchanges. Following stratification, 700 firms are chosen at random to
participate in a questionnaire-based study. A cover letter and survey are delivered to
key informants in Pakistan, including business unit executives, marketing and sales
directors, national sales managers, and brand managers.Eight weeks after the original
round of data collecting began, 290 questionnaires were returned. In response to
repeated reminders, 105 further surveys were completed in four weeks. Out of a total
of 368 completed questionnaires, 27 were removed from the study owing to errors and
missing information, for a response rate of 52%. To overcome non-response bias used
an exploration technique by Armstrong and Overton (1977).
This method compares the first and last third of respondents' averages for each
research variable; the results show no statistically significant variations in the mean
scores. We may infer that the non-response biases are unimportant because the data
do not demonstrate a statistical difference between late and early answers (Armstrong
& Overton, 1977).
Andrews and Smith (1996) devised a 10-item measure to evaluate the uniqueness of
marketing strategies, whereas Noble and Mokowa (1993) developed a 5-item scale to
evaluate the success of plan execution (1999). Slater et al. (2010) created three
standards to evaluate relative price and quality . According to Jaworski and Kohli,
(1993), market and technological volatility are scored on a 5-point scale, while the
intensity of competition is measured on a 6-point scale. For each strategic orientation,
the one-item measurements were provided named as Prospectors, Analyzers,
Differentiated Defenders, Low-Cost Defenders, and Rectors. Olson et al. developed a
scale for assessing business performance (2005a). However, in unsure situations, a
second order reflective scale is used to grade the structures. Scales of first order
reflection are used to rate each component. Environmental uncertainty is a result of
consumer behaviour that is unpredictable and technological innovation (Miller,
Droge, & Toulouse, 1988). As a result, first-order competitive intensity, market
volatility, and technical volatility are all components of environmental
unpredictability.
Table 1: Companies that participated in the study
Industries Number of companies /
Business units
Insurance 35
Banking 43
Chemical 44
FMCG 60
Pharmaceutical 19
Engineering 31
Textile 126
Telecommunication 10
Chapter 4 : Results and Discussions
4.1 Results
The study's results are game changers for Pakistani business. The findings revealed
that innovative marketing approaches and their use had a positive influence on
performance in a variety of Pakistani businesses. Previous studies that emphasized the
relevance of creativity and application in enhancing performance give data to back up
this study.
The range of the research constructs' Cronbach's alpha coefficients, with 0.6 serving
as the cutoff, is 0.65 to 0.87 (Miller, 2010). This criterion is met by all variables. The
proper internal consistency of each construct is present, and each construct has
undergone factor analysis. For factor analysis to be interpretable, each construct must
contain at least three items with large loadings (>0.30). The analyses include all items
since the loading range for each construct is higher than 0.30. To evaluate the validity
of a concept, Bartlett's and Kaiser-Meyer-Olkin (KMO) tests are utilized. The factor
analysis is appropriate when KMO is between 0.5 and 1.0, indicating that this
particular set of data may be used for exploratory factor analysis. Additionally, the
Bartlett's Test was used to confirm each construct's statistical significance (p 0.001).
Table 2 Kaiser-Meyer-Olkin (KMO)
Variable Kaiser-Meyer-Olkin (KMO), Bartlett’s
test of sphericity: p = 0.001
Creative marketing strategy 0.829
Competitive intensity
Technology turbulence
Market turbulence
Relative quality
Relative cost
There is no multicollinearity in the 0.28 to 0.45 range between the lowest and highest
correlation values. The research hypothesis is tested using regression analysis. A
collection of control variables are provided to the model in the first phase of the
hierarchical regression. Only the environmental uncertainty component, which
accounts for 15% of the total variation covered by the model, was shown to have a
substantial and favourable connection with business unit performance. The model
could explain 33% of the variation in the dependent variable when two independent
variables, creative marketing strategy (CMS) and strategy effective implementation
(SEI), were added in the second stage. The model (F = 98.677, p = 0.01) is sufficient,
according to the ANOVA findings, to explain the variation in firm performance in
terms of predictive power. According to the beta coefficients, creative marketing
strategy improved business unit performance (= 0.349, t = 2.96, p = 0.01) and strategy
success (= 0.42, t = 4.85, p = 0.01) and was associated with both. The study's
hypotheses are therefore confirmed. To assess the moderating influence of
environmental uncertainty, both the linkages between CMS and performance and the
ties between SEI and performance are employed. An interaction term between SEI,
environmental uncertainty, and CMS was incorporated in the model. (F = 63.55, p =
0.01) 30% of the variation in the dependent variable was explained by this interaction
factor. The data confirm the prediction that environmental uncertainty influences the
relationships between CMS and performance (r = 0.40, t = 4.49, p = 0.01) and SEI
and performance (r = 0.37, t = 3.12, p = 0.01). The results support our study's
hypothesis that, in a particular circumstance, effective strategy execution has a greater
impact on company performance than inventive marketing strategy does in the face of
uncertainty. The market strategy of a firm is influenced by the surroundings.
4.2 Discussion
This study, which is primarily concerned with Asia and the Pakistani setting, also
addresses environmental uncertainty in nations with extremely volatile economic
markets, such as Pakistan. It has been established that a variety of constraints limit
how unique marketing strategy may be. Issues with infrastructure, administration, and
corruption, as well as money and the economy, may all contribute to an incapacity to
innovate. The biggest barriers to implementing innovations are a lack of operational
capital or competing enterprises. Owners are unable to obtain financing for their
enterprises because of the tight restrictions and regulations enforced by financial
institutions and governments. In the past, businesses had little government support,
which prevented them from using cutting-edge marketing techniques. Identifying a
company's processes for coming up with innovative marketing ideas and organizing
their successful implementation may be challenging in today's fiercely competitive
industry. Marketing strategies can only be developed with the help of appropriate
organizational characteristics and professional planning, these strategies must then be
implemented to achieve the intended results. According to research, innovative
marketing strategies can influence situational forces as well as individual factors such
as low time pressure, formal planning processes, organizational processes, formal
business education, the macro-environment, and managers' familiarity with various
business operations. Frequent, effective cross-functional team communication
promotes marketing strategy innovation. Market orientation and uniqueness are
strongly connected in their meta-analysis of the causes and effects of market
orientation. This conclusion shows that businesses with creative business plans are
laser-focused on their consumers' primary demands.
Chapter 5: Conclusion
Conclusion
This study is one of few studies that have analyzed organizational traits from a
variety of areas been studied. This study includes some crucial data about the Asian
market. It has significant strategic ramifications, yet it has a number of fundamental
limitations. A cross-sectional study design and survey methods are used to support the
investigation. Creativity and innovation are two different yet related ideas. There is no
such thing as individual or organizational creativity or innovation. Organizational
innovation necessitates creativity, which is a personal characteristic. Professionals
should place a greater focus on innovation. One aspect contributing to a lack of
originality is a lack of creativity. Organizations should induce creativity in their
marketing strategy to generate more revenues and gain clients. Marketing managers
commitment mediates the link between the successful execution of a marketing
strategy and the organization's goal, as well as the prerequisites for effective
implementation.
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