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Cultivating organizational wisdom for value innovation

Roberto Mora Cortez (Center for Business and Industrial Marketing, Georgia State University, Atlanta, Georgia, USA)
Wesley J. Johnston (Center for Business and Industrial Marketing, Georgia State University, Atlanta, Georgia, USA)

Journal of Business & Industrial Marketing

ISSN: 0885-8624

Publication date: 1 July 2019

Abstract

Purpose

Marketing literature, while acknowledging the relevance of organizational learning for a better market understanding, has shown remarkably little effort to develop a framework for organizational wisdom (OW). A learning organization becomes wiser through time. Knowledge acquisition and exploitation are the foundation for differentiation between firms and sustain value creation. Therefore, this paper aims to integrate OW with previously validated marketing concepts in a broader nomological network.

Design/methodology/approach

The authors review extant literature associated to OW and offer a theoretical model to clarify the conceptual domain of this construct.

Findings

This study develops the theory of OW, arguing that when a firm clusters a specific set of knowledge dynamically through time, the organization reaches a level of exceptional understanding about the market and improves the judgment and communication of decision-making. Moreover, this study partializes the effect of the market orientation construct through its components for better outcomes in the value innovation process.

Originality/value

Based on the theoretical support, therefore, the authors provide a framework identifying the properties of OW, as well as the antecedents (a set of organizational knowledge) and consequences of OW (innovation and marketing capabilities development), specifying the moderation role of the marketing function influence.

Keywords

Acknowledgements

This paper forms part of a special section “Value innovation in practice: leveraging learning in distant contexts”, guest edited by Fredrik Nordin and Nishant Kumar.

Citation

Mora Cortez, R. and Johnston, W.J. (2019), "Cultivating organizational wisdom for value innovation", Journal of Business & Industrial Marketing, Vol. 34 No. 6, pp. 1171-1182. https://doi.org/10.1108/JBIM-11-2017-0292

Publisher

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Emerald Publishing Limited

Copyright © 2018, Emerald Publishing Limited