that link performance to customer satisfaction and market responsiveness. However, organizations should take
caution not to overemphasize competitiveness at the expense of teamwork and collaboration. Striking a balance
between performance orientation and teamwork, flexibility, and learning ensures that firms are able to adapt to
the changing environments while retaining accountability and competitiveness. Eventually, inculcating a culture
that aligns competitiveness with collaboration enhances both implementation of strategic plans and sustainable
organizational growth.
Future studies should examine how market culture relate with digital transformation, leadership styles, and
external market dynamics to impact execution of strategic plans. Examining these interrelations would offer a
more holistic apprehension of how different environmental and organizational factors influence success of
strategic plans. In addition, comparative research across multiple industries would help understand whether the
effects of market culture vary between industries, sectors, and regulatory contexts. Longitudinal studies may also
present an understanding of how changes in market culture over time influence sustained organizational
performance and innovation, presenting deeper awareness for policy makers and practitioners in the insurance
and wider business sectors.
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