Managers’ cognitive capabilities and perception of market research usefulness

Piotr Tarka

Abstract

The main purpose of this paper is to investigate the relationships between three theoretical constructs developed in the course of the study measuring: (a) managers' memory capacity, (b) information processing, as a part of general system of cognitive capabilities, and (c) their perception of market research usefulness. In particular, we diagnose managers' natural limitations associated with cognition which determine their capabilities to deal with the market research information storage and retrieval as well as research information processing. With this intention and theoretical assumption, we designed and implemented a two-phase process of research. In the first phase, based on the literature review; face-to-face in-depth interviews and a pilot study (a pretest) we developed measurement models for the proposed theoretical constructs. Next, we conducted quantitative research among 213 highly experienced managers working in multinational companies in a European country (Poland), where the sample included individuals who were responsible for planning strategic and tactical marketing activities. Based on the structural equation modeling as the analytical strategy, the empirical research results revealed that managers in business organizations due to limited cognitive capabilities such as lower-than-average memory capacity and poor information processing, develop wrong perceptions of the usefulness of market research. Managers, when faced with difficulties regarding information storage and retrieval, as well as information processing, react negatively towards that research. Finally, we explained the reasons as to why managers in companies perceive market research in a negative light, as well as presented the most important theoretical and managerial implications.
Author Piotr Tarka (WZ / KBRiU)
Piotr Tarka,,
- Department of Research Markets and Services
Journal seriesInformation Processing & Management, [Information Processing and Management], ISSN 0306-4573, e-ISSN 1873-5371, (N/A 140 pkt)
Issue year2019
Vol56
No3
Pages541-553
Publication size in sheets0.6
Keywords in EnglishManagers’ cognitive capabilities, Memory capacity, Information processing, Market research usefulness
ASJC Classification1803 Management Science and Operations Research; 3309 Library and Information Sciences; 1706 Computer Science Applications; 1710 Information Systems; 2214 Media Technology
DOIDOI:10.1016/j.ipm.2018.11.005
URL https://www.sciencedirect.com/science/article/abs/pii/S0306457318302723
Languageen angielski
Score (nominal)140
Score sourcejournalList
ScoreMinisterial score = 140.0, 07-04-2020, ArticleFromJournal
Publication indicators WoS Citations = 0; Scopus SNIP (Source Normalised Impact per Paper): 2018 = 2.895; WoS Impact Factor: 2018 = 3.892 (2) - 2018=3.295 (5)
Citation count*3 (2020-09-09)
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
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