Marketing flexibility measurement scale: conceptualization, development and nomological validation

Abstract

The purpose of the study is to conceptualize, develop, and validate the marketing flexibility measurement scale for automobile companies. Development of measure starts with operational definition of the construct followed by generation of items and their content validation. Quantitative analysis, as per laid out procedure of scale development, is conducted for item refinement and reliability assessment. Both exploratory and confirmatory factor analyses are used in step-wise manner for the development of scale. A 26-item AUTOFLEX scale emerged after analysis showed good reliability, and provided evidence of content, convergent, and discriminant validity. Further, AUTOFLEX scale was assessed for its nomological validity by establishing its correlation with measure of market orientation. Study discusses managerial implications and future scope toward the end.