Abstract
Abstract Environment of business firms as a strategic uncertainty requires an adoption of a business model that establishes the competitive marketing logic. Its basis is to achieve some kind of fitness between the competitive strategy and the marketing strategy, which leads to superior levels of strategic performance. The value of a firm in the financial market will interpret the strategic performance and the resulted maximized investment returns in the firm’s stocks thereby the wealth of its owners; founders and stockholders. The competitive marketing under the strategic uncertainty provides an analytical approach for evaluating effectiveness of the marketing activities in raising the competitive performance of a firm. Many financial measures are used for this purpose relating with the basic objective of all business firms represented by value maximization. The research aimed at building a thoughtful and philosophical-practical base tackles the relationship between the competitive strategy and marketing strategy under a strategic uncertainty. A sample consisted of ten Iraqi Industrial Joint Stock Companies traded at Iraq Stock Exchange, has selected for the purpose of analysis, in which investment's returns of stocks reflect the ultimate result of a strategic performance. The research problem and hypothesis contemporary environments have witnessed more volatility and complexity so that competition became fierce. Accordingly, business firms confront strategic uncertainty that makes the performance of a firm lagged behind the environmental change with decreased market value unless improve its ability to contain the strategic uncertainty. The problem of research has been interpreted in terms of a main hypothesis stated that "companies face more strategic uncertainty when they are losing their competitive positions in the market". The analysis and treatment of quantitative data are completed using Markov Chains and Nonlinear Programming; it reached many conclusions the most important one is the validity of the hypothesis of research.
