Constructing and contesting markets through the market object

John Finch, Susi Geiger

Research output: Contribution to journalArticle

26 Citations (Scopus)

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.
Original languageEnglish
Pages (from-to)899-906
Number of pages8
JournalIndustrial Marketing Management
Volume40
Issue number6
DOIs
Publication statusPublished - Aug 2011

Keywords

  • market studies
  • pharmaceuticals
  • product development
  • market development
  • objectification work

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