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European Management Journal Vol. 20, No. 4, pp.

414–422, 2002
Pergamon  2002 Elsevier Science Ltd. All rights reserved.
Printed in Great Britain
PII: S0263-2373(02)00064-6 0263-2373/02 $22.00 + 0.00

Measures of Marketing
Success:
A Comparison Between
Spain and the UK
JOAN LLONCH, Universidad Autònoma de Barcelona
ROSSANO EUSEBIO, Universidad Autònoma de Barcelona
TIM AMBLER, London Business School

Despite the importance of assessing business per- for the reluctance to research marketing metrics
formance, there is little research on the measures include the complexity of unravelling short- from
used to evaluate marketing effectiveness. This long-term effects (Dekimpe and Hanseens, 1995), the
paper replicates in Spain some UK research into the difficulties of measuring brand equity (Marketing
relative importance of categories of marketing met- Leadership Council, 2001) and the perhaps excessive
rics, e.g. financial and non-financial, customer and importance business management ascribes to finan-
competitive. The Spanish results are compared with cial measures (Eccles, 1991; Kokkinaki and Ambler,
those from the UK. In Spain, respondents saw fin- 1999).
ancial metrics as less important than their UK
counterparts and they appeared to be more market- Given that a firm’s survival depends on its capacity
ing oriented. In both countries the importance to create value, and value is defined by customers
given to metrics categories were consistent with (Day, 1990; Porter, 1998), marketing makes a funda-
orientation. Marketing assets appear to be more mental contribution to long-term business success.
regularly tracked in Spain than in the UK. In Spain Therefore evaluating marketing performance is a key
performance metrics are mostly compared with the task for management. However, businesses that con-
previous year whereas in the UK the marketing cern themselves with rigorous evaluation of market-
plan is the principal benchmark. Spanish managers ing results are in the minority (Ambler, 2000).
are more satisfied with the metrics they use to
assess marketing performance although both see An exploratory investigation by Ambler and Riley
considerable room for improvement.  2002 (2000) found differences in the measurement of mar-
Elsevier Science Ltd. All rights reserved. keting performance between the UK and Spain. In
light of all the above, the present research examines
Keywords: Performance, Marketing, Measurement, further the differences in marketing metrics between
Metrics, Customers, Competitors, Financial, Spain, the UK and Spanish. Secondly, we identify ante-
UK cedents and associations in marketing performance
measurement. The research closely replicates Kokki-
naki and Ambler (1999).

Introduction The paper is structured in four sections. The first lays


out the theoretical framework and formulates
Despite the importance of assessing business per- hypotheses. The following section sets out the meth-
formance,1 there is little research on the measures odology then the principal results are described. The
used to evaluate marketing effectiveness.2 The Mar- last section draws together conclusions, the limi-
keting Science Institute accordingly made this subject tations of the present research, and proposals for
one of its research priorities for 2000–2002. Reasons future research.

414 European Management Journal Vol. 20, No. 4, pp. 414–422, August 2002
MEASURES OF MARKETING SUCCESS

Theoretical Framework Antecedents and Consequences of Measurement


of Marketing Success

Measurement of Marketing Effectiveness Of the antecedents that may influence the way of
measuring marketing effectiveness, we focus on a
Research points to a variety of marketing metrics. key aspect of organisational culture: business orien-
Clark (1999a) identifies about 20 measures, Ambler tation. We will consider two types: customer orien-
and Riley (2000) tested a total of 38 measures, David- tation and competitor orientation. Both are compo-
son (1999) considers 10 important measures of mar- nents of what has come to be called ‘market
keting effectiveness and Meyer (1998) notes hun- orientation’. Market orientation has been defined as
dreds. The variety is such that managers have that special trait of organisational culture born from
difficulty in defining the ideal set. Clark (1999a) sug- the company adoption of the marketing concept
gests we should make better use of existing measures (Kohli and Jaworski, 1990), which causes it to be
rather than formulate new ones. attentive to customers and competition and to put
into practice a coordination of functions with the
Kokkinaki and Ambler (1999) deduced that market- object of continuously satisfying customers’ needs
ing activity measures can be summarised in six categ- (Narver and Slater, 1990). A business’ orientation
ories: financial measures (such as turnover, contri- affects both its behaviour and how it evaluates suc-
bution margin, and profits), measures of competitive cess in management (Slater and Narver, 1994). Thus,
market (such as market share, advertising share, and for example, if the business is customer-oriented the
promotional share), measures of consumer behaviour measures of its success would be expected to be cus-
(such as customer penetration, customer loyalty, and tomer-based (Kokkinaki and Ambler, 1999). From
new customers gained), measures of consumer inter- this we deduce the first hypothesis:
mediate (such as brand recognition, satisfaction, and
H1: The greater the customer orientation, the greater the
purchase intention), measures of direct customer importance attached to customer-based measures of mar-
(such as distribution level, the profitability of inter- keting effectiveness.
mediaries, and quality of service) and measures of
innovativeness (such as new products launched and We will also analyse the effect of competitor orien-
revenue from these products as a percentage of total tation.4 Competitor orientation implies that a busi-
turnover). The financial metrics can alternatively be ness understands its main current and potential com-
seen as accounting metrics but they are mostly petitors’ strong and weak points in the short term
expressed in monetary terms whereas the other met- and their potential and possible strategies in the long
rics are not. term (Narver and Slater, 1990). In other words, the
primary attention is given to performing better than
Financial metrics are usually the first type to be competitors. In this case our hypothesis is as follows:
employed to evaluate marketing performance
(Ambler, 2000; Clark, 1999a, 1999b; Eccles, 1991; Day H2: The greater the competitor orientation, the greater the
and Fahey, 1988; Feder, 1965; Sevin, 1965). importance attached to competition-based measures of
marketing effectiveness.
Among measures of comparison with the compe-
tition, market share is especially prominent owing to One potential consequence of measurement is its
the belief that it predicted cash flow and profitability effect on business performance (Ambler and Kokki-
(Buzzell and Gale, 1987). That has since been revised naki, 1997). Ambler (2000) concludes that those busi-
to a belief that perceived quality is the antecedent of nesses that take the trouble to analyse the origins of
both share and profitability (Gale, 1994). Market their cash flow, i.e., those that reflect on their market,
share is one of the most used measures, in the aca- are likely to be more profitable than others. More-
demic field as well as in UK business practice over, empirical evidence has been obtained that the
(Kokkinaki and Ambler, 1999). degree of formalisation in the strategic marketing
planning process influences the attainment of better
results (Lysonski and Pecotich, 1992). From this we
Among measures relating to customers, customer deduce the following hypothesis:
satisfaction and customer loyalty have gained atten-
tion (Ambler and Riley, 2000; Clark, 1999a). H3: The importance accorded to measuring marketing
effectiveness activity conditions the attainment of better
An alternative model to the six above-mentioned cat- business performance.
egories of measures for evaluating marketing activi-
ties is analysis of the effects of these activities on
brand equity.3 Brand equity is the most used term for
marketing assets (Aaker, 1996). Brand equity is also Design of the Empirical Investigation
the most prized asset for many companies, and is the
principal marketing asset (Ambler and Riley, 2000; For this research we conducted a postal survey which
Kokkinaki and Ambler, 1999). was as similar as possible to that in the UK, but trans-

European Management Journal Vol. 20, No. 4, pp. 414–422, August 2002 415
MEASURES OF MARKETING SUCCESS

Table 1 Methodology in Spain

Universe Industries in the telecommunications, informatics, textile and clothing, hotels and
tourism, and electrical material sectors

Scope National
Information collection method Postal survey
Sample unit Highest executive
Survey recipients 570 companies
Sample size 166 companies
Sampling error 6.54
Confidence level 95% Z = 1.96 p = q = 0.50
Sample procedure Convenience sample
Fieldwork Pre-test (January 2001); first mailing (February 2001); second mailing (April
2001); third mailing (May 2001).

lated, of course, into Spanish. The translation was orientation, COMPOR, in both Spain and the UK,
independently verified. The survey was sent to 570 were evaluated on Narver and Slater’s scales (1990).
businesses, representing very diverse sectors, of Table 3 offers the reliability analysis of these scales
which 166 returned it, a response rate of 29.1 per cent in Spain.
(UK 23.14 per cent), Kokkinaki and Ambler (1999).
Table 1 presents the methodology and Table 2 the Business performance, in both Spain and the UK,
characteristics of the businesses in the sample. were measured with a 5-position Likert scale on
which respondents evaluated their companies’ per-
formance in comparison with the competition.
Variables Studied and their Measurement Scales
The study of marketing success measures was based
on the above-mentioned classification into six categ- Results
ories established by Kokkinaki and Ambler (1999).
The importance accorded by businesses to measuring Descriptive Results Obtained in Spain and
marketing effectiveness was measured on a Likert Comparison with those Obtained in the UK
scale from 1 to 7 (anchored by not at all and very
important). First we give the results for respondents’ degree of
satisfaction with their measures of marketing success.
We also studied the types of benchmarks used for As Table 4 shows, the average satisfaction is 4.44 for
performance evaluation, i.e., comparisons with the Spanish businesses (UK 4.07), out of a maximum of
previous year, with the marketing plan, with the 7. It is observed that these differences are very sig-
competition and with other divisions of the business. nificant, so that we can state that Spanish managers
are more satisfied their metrics than the British. Table
We were interested as well in knowing how many 4 also breaks down the average satisfaction values
businesses measured their marketing assets and how by type of business. Again Spanish businesses score
often they did so, as well as whether through finan-
cial or other evaluations. Table 3 Reliability Analysis of Customer and
Competitor Orientation Scales
We also investigated the businesses’ degree of satis-
faction with the measures available to them of mar- Likert scales from 1 to 7 No. of Cronbach’s Cronbach’s
keting success. This was measured on a 7-position items alpha alpha (UK)
Likert scale (anchored again by not at all and very (Spain)
satisfied).
Customer orientation 6 0.78 0.81
Competitor orientation 5 0.68 0.69
Customer orientation, CUSTOR, and competitor

Table 2 Characteristics of the Businesses in the Spanish Sample (% of Total)

Turnover (Euro) Consumer Consumer B2B goods B2B services Total


goods services

⬍ 30,000,000 23.1 25.6 38.5 12.8 24.4


30–60,000,000 23.5 30.0 37.5 9.0 24.4
⬎ 60,000,000 15.4 28.6 25.0 31.0 51.2
Total (n = 166 businesses) 19.2 28.6 31.1 21.1 100

416 European Management Journal Vol. 20, No. 4, pp. 414–422, August 2002
MEASURES OF MARKETING SUCCESS

Table 4 Degree of Satisfaction with Measures for Marketing Effectiveness

Type Mean Standard deviation t-Test

Goods Spain 4.33 1.30 1.930∗


UK 3.98 1.36
Services Spain 4.53 1.40 2.738∗∗
UK 4.01 1.48
Consumer Spain 4.36 1.28 2.245∗
UK 4.07 1.41
B2B Spain 4.32 1.32 2.657∗∗
UK 3.87 1.45
SMEs Spain 4.22 1.36 ⫺0.807
UK 4.44 1.51
Large Spain 4.66 1.36 3.846∗∗
UK 3.96 1.41
Total Spain 4.44 1.35 2.902∗∗
UK 4.07 1.44


P⬍0.05
∗∗
P⬍0.01

higher on satisfaction than British ones, in all types sumer intermediate categories are seen as more
except SMEs (small- and medium-sized enterprises). important than financial metrics (Table 7).

Table 5 shows that type of business introduces little When we analysed metric category by whether the
difference between Spanish and British respondents’ business furnishes goods or services (SECTOR),
satisfaction with metrics. Only size, in Spain, seems whether it sells consumer or industrial products
weakly to affect the degree of satisfaction. (PRODUCT), and its size (small – medium or large)
(SIZE), we found size to be the most significant fac-
Table 6 shows the mean values of the importance tor. Financial metrics (P⬍0.01), competitive (P⬍0.05)
accorded by Spanish and British respondents to the and consumer intermediate (P⬍0.1), were significant
various measures of marketing success. In the UK the differences. The only significant difference for the
most important criteria are financial measures, with other factors was the sector that was distinguished
an average of 6.51 out of 7, while in Spain the most by direct customer metrics (P⬍0.1). As one might
important criteria are measures of consumer behav- expect, this is explained by the intermediate
iour (5.68). Table 6 also shows that there are signifi- (channel) customer not existing for retail business.
cant differences between Spain and the UK in four
of the six category measures considered. This is unlike the UK where significant differences
were found for customer and competitive categories
In the UK, financial measures were significantly more across sector, product and size.
important than any other category (Kokkinaki and
Ambler, 1999). Table 8 for Spanish businesses the previous year is
the principal benchmark. This holds true for financial
In Spain, however, the consumer behaviour and con- measures (77.1 per cent of businesses), measures of

Table 5 Degree of Satisfaction with Measures Available

Spain UK

Type Mean Standard t-Test Mean Standard t-Test


deviation deviation

Sector Goods 4.33 1.30 ⫺0.908 3.98 1.36 ⫺0.219


Services 4.53 1.40 4.01 1.48
Product Consumer 4.36 1.28 0.122 4.07 1.41 1.335
B2B 4.32 1.32 3.87 1.45
Size SME 4.22 1.36 ⫺1.653∗ 4.44 1.51 1.821∗∗
Large 4.66 1.36 3.96 1.41
Total 4.44 1.35 4.07 1.44

P⬍0.10
∗∗
P⬍0.05

European Management Journal Vol. 20, No. 4, pp. 414–422, August 2002 417
MEASURES OF MARKETING SUCCESS

Table 6 Importance of Metric Categories for Assessing Performance

Mean Standard deviation t-Test

Financial measures Spain 5.15 1.64 ⫺12.746∗∗


UK 6.51 1.00
Competitive market Spain 5.01 1.42 ⫺3.375∗∗
UK 5.42 1.34
Consumer behaviour Spain 5.68 1.29 2.357∗
UK 5.38 1.40
Consumer intermediate Spain 5.51 1.40 0.630
UK 5.42 1.32
Direct customer Spain 4.19 1.62 ⫺10.143∗∗
UK 5.53 1.38
Innovativeness Spain 4.94 1.58 ⫺0.777
UK 5.04 1.45

P⬍0.05
∗∗
P⬍0.01

Table 7 Importance of Measure Categories for For British businesses, however, marketing plans are
Assessing Performance (Spain) more important. Comparing the percentage of use of
each of these benchmarks we see that the principal
Mean Standard t-Test differences appear in the use of the marketing plan to
deviation
assess financial performance (85.1 per cent of British
Financial measures 5.15 1.64 respondents against 57.8 per cent in Spanish). The
Competitive market 5.01 1.42 0.998 marketing plan is also much more used by British
Consumer behaviour 5.68 1.29 ⫺3.830∗∗ businesses (51 per cent) than by Spanish ones (29.5
Consumer 5.51 1.40 ⫺2.206∗ per cent) when applying measures of competitive
intermediate market, while more Spanish businesses (52.4 per
Direct customer 4.19 1.62 5.598∗∗ cent) than British ones (36.7 per cent) use the pre-
Innovativeness 4.94 1.58 1.332 vious year as a benchmark with measures relating to
consumer intermediate.

P⬍0.05
∗∗
P⬍0.01
Table 9 shows that Spanish firms more routinely
evaluate their marketing assets in financial terms and
consumer behaviour (53.6 per cent), measures of con- also on a yearly or quarterly basis using non-finan-
sumer intermediate (52.4 per cent), and measures of cial metrics.
direct customer (42.8 per cent). For competitive mar-
ket measures, competitors are the main benchmark, The mean frequency of tracking of marketing assets
for 50 per cent of businesses, while for measures of is greater for businesses in Spain (2.38) than in the
innovativeness the basic benchmark is the marketing UK (1.82), and that these differences are very signifi-
plan, with 38.8 per cent of businesses. cant (P⬍0.01).

Table 8 Frequency of Benchmarks Used (Valid Percent, When Measure Category Used). Spain – UK
Comparison with the Chi-square Testab

Previous year Marketing plan Specific competitor Other units in the


group

Spain UK Spain UK Spain UK Spain UK

Financial 77.1 80.4 57.8 85.1∗∗∗ 15.7 23.0∗∗ 12.0 22.0∗∗∗


Competitive market 36.7 51.4∗∗∗ 29.5 51.0∗∗∗ 50.0 55.7 3.0∗∗ 6.6
Consumer behaviour 53.6 47.1 39.8 42.0 21.1 31.6∗∗∗ 15.1∗∗∗ 6.4
Consumer intermediate 52.4∗∗∗ 36.7 36.7 30.3 19.9 27.7∗∗ 15.1∗∗∗ 5.1
Direct customer 42.8 40.3 29.8 37.7∗∗ 14.5 22.8∗∗ 9.0 7.3
Innovativeness 34.3∗∗∗ 21.3 38.8 33.7 30.7∗∗∗ 20.7 7.2 6.6
a
The chi-square has been calculated for each measure and type of comparison. The table shows the significance of the difference
between the percentage of businesses in each country that have compared each measure of evaluation of marketing results with
the four options proposed (previous year, marketing plan, etc.)
b∗∗
⬍0.05; ∗∗∗ ⬍0.01

418 European Management Journal Vol. 20, No. 4, pp. 414–422, August 2002
MEASURES OF MARKETING SUCCESS

Table 9 Regularity of Tracking the Marketing Asset (Valid Per Cent of Samples from Spain and UK)

Never Rarely/ad hoc Yearly/quarterly Monthly/or more

Spain UK Spain UK Spain UK Spain UK

Financial valuation 29.2 51.4 26.4 23.6 22.9 16.9 21.5 8.0
Other measures 31.7 36.8 19.8 22.2 40.6 28.7 7.9 12.3

We were also interested to know whether businesses competitor orientation, the greater the importance of
had a specific term to designate marketing assets. In competition-based measures, we found a positive
Spain, 33.1 per cent of businesses said they did. and very significant relationship of 0.43 (UK 0.26)
Among these the term most mentioned was imagen between competitor orientation and the importance
de marca (literally ‘brand image’), in a total of 26 busi- accorded to measures of competitive market.
nesses, i.e. 47.3 per cent. In the UK 62.2 per cent of Hypothesis 2 is therefore verified for Spanish busi-
businesses said they had a specific term. In this case nesses.
the term most used was ‘brand equity’ with 32.5 per
cent, followed by ‘reputation’ with 19.6 per cent, The last hypothesis considered the relationship
‘brand strength’ with 8.8 per cent, and ‘brand value’ between the importance accorded by a business to
with 8.2 per cent. measures of marketing success and business per-
formance, and postulated that importance influenced
performance. To test this hypothesis we regressed the
Testing the Hypotheses importance of the various metrics categories on busi-
ness performance. Although this proved significant
The first hypothesis was that the greater the customer in the UK, it did not do so in Spain and the hypoth-
orientation, the greater the importance of customer- esis is therefore not supported here.
based measures.

Table 10 shows the results of estimating models of


regression between a business’ orientation and the Conclusions, Limitations and Future
importance it places on different category measures.
As can be observed, there is a positive and very sig-
Research
nificant relationship between customer orientation
and the importance accorded to measures on con- We found notable differences between Spanish and
sumer behaviour (coefficient=0.45), and between cus- British managers in the way their firms assess mar-
tomer orientation and the importance of measures on keting effectiveness. In particular, the results indi-
consumer intermediate (0.42). However, we did not cate:
obtain a relationship between customer orientation
and the importance of measures on direct customer. 1. Disparity in the importance given to metric categ-
The first hypothesis is therefore only partially veri- ories in evaluating marketing performance. While
fied. in the UK financial measures are considered the
most important, Spanish managers ascribe most
In the UK, Kokkinaki and Ambler (1999) found posi- importance to consumer behaviour and intermedi-
tive and significant coefficients of regression between ate metrics, i.e. what consumers have in their
customer orientation and the importance of measures heads about brands. Spanish managers appear to
relating to consumer behaviour (0.25), measures of have internalised the marketing concept more
consumer intermediate (0.30), and measures relating coherently than their British counterparts. As Lev-
to direct customer (0.22). itt (1983) indicates, profits are not the main goal of
marketing, the main goal of marketing is to satisfy
To address hypothesis 2, namely that the greater the customers. Hence to measure marketing success

Table 10 Regression of Measure Category Importance on Customer and Competitor Orientation (Spain)

CUSTOR COMPOR

Variable If R2 β β

Competition measures 24.907∗ 0.244 0 .10 0.43∗


Consumer behaviour 24.422∗ 0.238 0.45∗ 0.07
Consumer intermediate 24.879∗ 0.243 0.42∗ 0.11
Direct customer 11.678∗ 0.136 0.13 0.28∗

PⰆ0.01

European Management Journal Vol. 20, No. 4, pp. 414–422, August 2002 419
MEASURES OF MARKETING SUCCESS

businesses should base themselves above all on dents were better trained and experienced in market-
criteria relating to customers (Bhargava et al., 1994; ing than their British counterparts then that, rather
Chakravarthy, 1986). than national characteristics may account for some
2. We also see important differences between Spain of the differences. Since the sampling methods were
and the UK in the magnitude of the effect that cer- similar, one could also argue that the managerial dif-
tain variables such as business size, sector, and ferences are also national differences. Finally, the use
product type exercise on different category meas- of subjective rather than objective measurement of
ures. This would support the theory that no single business performance may be considered a limi-
measurement model can be generalised to all tation, although this is not uncommon in the litera-
types of businesses (Ambler and Puntoni, 2001). ture and is justified by reference to, e.g. Dess and
3. There are differences in the types of benchmark Robinson (1984).
used for comparison of marketing performance.
Among Spanish businesses, the principal bench- For future research we suggest refining categories to
mark is the previous year, while in the UK, the individual metrics and considering elements of the
marketing plan is more often used. Both countries marketing mix (advertising, sales promotions, new
place less emphasis on comparison of results with products, etc.) as well as marketing as a whole.
the competition than, e.g. Eccles (1991) propounds. Finally, we believe it would be very useful to investi-
4. There are significant differences in the frequency gate measures of marketing effectiveness in the con-
of financial measurement of marketing assets. text of new technologies, such as Internet advertising
Spanish businesses financially evaluate these or electronic commerce.
intangibles more often, but both Spanish and Bri-
tish businesses seem to measure marketing intan-
gibles too seldom.5 As Barreda (1999) indicates,
quantifying increases and decreases in these assets Notes
is an essential part of measuring marketing effec- 1. See for example Bonoma and Clark (1988) or Meyer (1998).
tiveness. 2. Ambler and Kokkinaki (1997), examined 1316 issues of
5. Spanish managers are more satisfied than the Bri- seven marketing magazines and found that only 11.5 per
tish with the metrics they use to assess marketing cent of the articles analysed dealt with the evaluation of
performance although both see considerable room marketing results.
3. Srivastava and Shocker (1991) define brand equity as a ‘set
for improvement.6 of associations and behaviours on the part of the brand’s
6. Differences also exist in the associations between customers, channel members, and parent corporations that
business orientation and the measurement of mar- permit the brand to earn greater volume or greater margins
keting effectiveness. While in Spain there is a close than it could without the brand name …’
4. In reality, customer and competitor orientation are not
relationship between customer orientation and
incompatible but complementary in the framework of mar-
measurement of consumer behaviour and con- ket orientation (Balakrishnan, 1996; Day and Wensley,
sumer intermediate, there is no relationship 1988; Slater and Narver, 1994).
between this orientation and the importance of 5. It seems this phenomenon is not exclusive to Spanish or
measures based on direct customers (such as dis- British businesses, since similar conclusions have been
reached for North American ones. (Winer, 2000).
tribution level, the profitability of intermediaries, 6. The study by the Marketing Leadership Council (2001)
quality of service, satisfaction, etc.), as there is offers information on this question in the USA.
with British businesses. It therefore seems as if
intermediaries in Spain were a type of customer
different from end consumers. Curiously, competi-
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European Management Journal Vol. 20, No. 4, pp. 414–422, August 2002 421
MEASURES OF MARKETING SUCCESS

JOAN LLONCH, Univer- ROSSANO EUSEBIO,


sidad Autónoma de Barce- Universidad Autónoma de
lona, Facultad de Ciencias Barcelona, Facultad de Cien-
Económicas y Empresar- cias Económicas y Empre-
iales, Departamento de sariales, Departamento de
Economı́a de la Empresa, Economı́a de la Empresa,
Edificio B, 08193 Bellaterra, Edificio B, 08193 Bellaterra,
Barcelona, Spain. E-mail: Barcelona, Spain. E-mail:
joan.llonch@uab.es. rossano.eusebio@uab.es.

Dr Joan Llonch is Associate Dr Rossano Eusebio is


Professor of Marketing at Assistant Professor of Mar-
the Universidad Autónoma de Barcelona. Recent keting and Advertising at the Universidad Autónoma
research includes market orientation, marketing organ- de Barcelona. Recent research includes the inter-
isation, international marketing and measurement of nationalisation process of the Spanish and Italian
marketing performance. Among several books published manufacturing sector and marketing decisions in an
is a marketing textbook, Dirección Comercial. international context.

TIM AMBLER, London


Business School, Sussex
Place, Regent’s Park, Lon-
don NW1 4SA, UK. E-
mail: tambler@london.edu

Tim Ambler is Senior Fellow


at London Business School,
leading the PAN’AGRA
programme of research pro-
jects which include the
measurement of marketing
performance and brand equity, advertising and pro-
motions effectiveness, marketing in China, and overseas
market entry. A recent book is Marketing and the Bot-
tom Line.

422 European Management Journal Vol. 20, No. 4, pp. 414–422, August 2002

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