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Constructing and Contesting Markets through the Market Object
Author(s)
Date Issued
2011-08
Date Available
2013-11-21T09:28:33Z
Abstract
This paper focuses on the work that market actors undertake in order to stabilize and de-stabilize market objects. We briefly revisit Igor Ansoff's classic product–market strategy matrix to show how marketing management literature typically equates stability in markets with commodification and inertia. To escape this inertia, marketers often ‘warm up’ or destabilize existing market objects by changing the material bases of the object, for instance in incremental product development. But this ‘warming up’ invites other market actors to also question or destabilize the networks that are supposed to hold the market object in its new (market) space. We utilize archival research to trace one case each of market and product development within the pharmaceutical realm, demonstrating: first, the effort market actors put into ‘cooling down’ and ‘warming up’ market objects; second, how contested such efforts can be; and third, how the object's material attachments may limit its symbolic malleability.
Type of Material
Journal Article
Publisher
Elsevier
Journal
Industrial Marketing Management
Volume
40
Issue
6
Start Page
899
End Page
906
Copyright (Published Version)
2013, Elsevier Inc.
Language
English
Status of Item
Peer reviewed
This item is made available under a Creative Commons License
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Owning collection
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33
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