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Risk distribution and bonding mechanisms in industrial marketing

Identifieur interne : 001658 ( Istex/Corpus ); précédent : 001657; suivant : 001659

Risk distribution and bonding mechanisms in industrial marketing

Auteurs : Reinhard H. Schmidt ; Gerd R. Wagner

Source :

RBID : ISTEX:FA1C92D0EEE318B7127D4B561081F4B7D513B9F1

Abstract

This paper models the interactive process of planning, negotiating, selling, and putting into operation a highly complex technical object as a “precarious partnership.” The process consists of several steps or phases. Typically, the participants in such a process are in different relative positions of strength and especially information. For the weaker side, these differences usually bring about the danger of being exploited by the other side. If the interactive process consisted of isolated phases only, this danger could prevent the interaction. However, in the course of the entire process, the relative positions are repeatedly switched. This fact influences incentives, behavior, and expectations of both sides, which in return reduces the potential confilict over time, strengthens the mutual commitment, and limits the risks of cooperation to the extent that cooperation becomes possible and reasonable. Many procedural and institutional characteristics of the marketing of complex technical objects fit into this interpretation. The method of analysis used in this article could help to narrow the gap between marketing science and the economic analysis of market processes.

Url:
DOI: 10.1016/0148-2963(85)90022-0

Links to Exploration step

ISTEX:FA1C92D0EEE318B7127D4B561081F4B7D513B9F1

Le document en format XML

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