Why are elite jewelers reluctant to sell turquoise, despite strong demand? Why did leading investment bankers shun junk bonds for years, despite potential profits? Status Signals is the first major sociological examination of how concerns about status affect market competition. Starting from the basic premise that status pervades the ties producers form in the marketplace, Joel Podolny shows how anxieties about status influence whom a producer does (or does not) accept as a partner, the price a producer can charge, the ease with which a producer enters a market, how the producer's inventions are received, and, ultimately, the market segments the producer can (and should) enter. To achieve desired status, firms must offer more than strong past performance and product quality--they must also send out and manage social and cultural signals. Through detailed analyses of market competition across a broad array of industries--including investment banking, wine, semiconductors, shipping, and venture capital--Podolny demonstrates the pervasive impact of status. Along the way, he shows how corporate strategists, tempted by the profits of a market that would negatively affect their status, consider not only whether to enter the market but also whether they can alter the public's perception of the market. Podolny also examines the different ways in which a firm can have status. Wal-Mart, for example, has low status among the rich as a place to shop, but high status among the rich as a place to invest. Status Signals provides a systematic understanding of market dynamics that have--until now--not been fully appreciated.
Isabella Reichert untersucht in ihrer Studie die Ursachen für extreme Erfolgskonzentrationen im Literaturmarkt und synthetisiert den Erkenntnisstand der betriebswirtschaftlichen Ambidextrie-Forschung mit markt- und organisationssozilogischen Status-Theorien. Die Autorin greift auf eine vollständige quantitative Abbildung des deutschen Marktes für Qualitätsliteratur zwischen 1995 und 2010 zurück und liefert Erklärungen für den je nach Status stark unterschiedlichen Erfolg von Anbietern mit „Exploration“, also mit der Einführung von Neuheiten in den Markt. Die herausragenden Bestsellererfolge einiger weniger Verlage können durch Statussignale erklärt werden, welche sich aus feldspezifischen Bewertungsprozessen ergeben und Lesern, Kritikern und dem Handel als Qualitätssignale dienen.
What does it mean to have a "good" or "bad" reputation? How does it create or destroy value, or shape chances to pursue particular opportunities? Where do reputations come from? How do we measure them? How do we build and manage them? Over the last twenty years the answers to these questions have become increasingly important-and increasingly problematic-for scholars and practitioners seeking to understand the creation, management, and role of reputation in corporate life. This Handbook intends to bring definitional clarity to these issues, giving an account of extant research and theory and offering guidance about where scholarship on corporate reputation might most profitably head. Eminent scholars from a variety of disciplines, such as management, sociology, economics, finance, history, marketing, and psychology, have contributed chapters to provide state of the art definitions of corporate reputation; differentiate reputation from other constructs and intangible assets; offer guidance on measuring reputation; consider the role of reputation as a corporate asset and how a variety of factors, including stage of life, nation of origin, and the stakeholders considered affect its ability to create value; and explore corporate reputation's role more broadly as a regulatory mechanism. Finally, they also discuss how to manage and grow reputations, as well as repair them when they are damaged. In discussing these issues this Handbook aims to move the field of corporate reputation research forward by demonstrating where the field is now, addressing some of the perpetual problems of definition and differentiation, and suggesting future research directions.
It is increasingly accepted that 'institutions matter' for economic organization and outcomes. The last decade has seen significant expansion in research examining how institutional contexts affect the nature and behaviour of firms, the operation of markets, and economic outcomes. Yet 'institutions' conceal a multitude of issues and perspectives. Much of this research has been comparative, and followed different models such as 'varieties of capitalism', 'national business systems', and 'social systems of production'. This Handbook explores these issues, perspectives, and models, with the leading scholars in the area contributing chapters to provide a central reference point for academics, scholars, and students.
Die Wirtschaft ist ein zentraler Bereich sozialen Handelns. In den vergangenen beiden Jahrzehnten hat die Wirtschaftssoziologie, ausgehend von den USA, einen Aufschwung erlebt und eine Fülle neuer Forschungsansätze entwickelt. Das wachsende Interesse an einer genuin soziologischen Betrachtung der Wirtschaft erklärt sich nicht zuletzt aus den durch das Vordringen des Neoliberalismus und die Globalisierung der Märkte verursachten gesellschaftlichen Krisen. Der Band gibt einen Überblick über die aktuelle wirtschaftssoziologische Forschung und ihre zentralen Themen, Debatten und theoretischen Ansätze.
This volume contains contributions to a conference on the history of labor markets. They cover a wide chronological range, from the Middle Ages to the present day, and discuss aspects of labor market theory and the most recent developments in the field. A special focus lies on the history of the Austrian labor market. German text.
Through contributions from leading authors, Issues in Heterodox Economics provides a critical analysis of the methodology of mainstream economics. Challenges economists to abandon sterile formalism and develop new intellectual rigors to contribute to pressing contemporary issues A series of cutting-edge articles provides a critical analysis of the dependence of mainstream economics on mathematical modelling and other methodologies Topics discussed include sustainable development, worker control of firms, evolutionary growth theory, and more Challenges economists to abandon sterile formalism and develop new intellectual rigors to contribute to pressing contemporary issues
'Innovation in Low-Tech Firms and Industries challenges the currently fashionable notion that the advent of a "knowledge-based economy" demands that all social resources should be diverted to "high-technology" industries. Hirsch-Kreinsen and Jacobson point out these constitute a small part of even the most advanced economies. Attention has been diverted from the important innovation processes which occur in low and medium technology (LMT) sectors. This volume calls on us to achieve a much better - and wiser - balance in our industrial policy.' - Terrence McDonough, National University of Ireland, Galway
Into the Red explores the emergence of a credit card market in post-Soviet Russia during the formative period from 1988 to 2007. Using an intricate framework, Guseva chronicles both the creation of a credit card market and the making of a mass consumer. These processes are placed in the context of the ongoing restructuring in postcommunist Russia and the expansion of Western markets and ideologies through the rest of the world.