lnu.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Consumers and enterprises as actors on the market
Linnaeus University, School of Business and Economics, Department of Marketing. University of Gävle, Sweden.ORCID iD: 0000-0003-3323-907X
2019 (English)In: Business Management Theories and Practices in a Dynamic Competitive Environment / [ed] Vrontis, D Weber, Y Tsoukatos, E, EuroMed Press , 2019, p. 997-1009Conference paper, Published paper (Refereed)
Abstract [en]

This conceptual paper discusses the phenomenon of differentiation made possible through branding or innovation or a combination of the two. Differentiation is eventually the driving force for the development of its own negation, commoditization. When customers have endured a commoditized market long enough the opportunities open up for creative destruction, this concept of Schumpeter (1942), means that an entrepreneur invents a completely new way of satisfying the customers' unsatisfied needs, making the industry that no longer bothered about their customers. Many researchers have tried to re/brand destructive innovation as their own, with concepts, such as of "transilience", and "blue ocean strategy', as opposed to 'red ocean strategy'. The paper focuses on innovation as a differentiation strategy and on temporary monopoly rent as a driver of innovation. Increased competition and shortening and life cycles makes capitalism more volatile and the strategies to reduce the risks involved are discussed. These strategies lead to the real-world implementation of the concentration of capital forecasted by Marx and feared by Schumpeter. The paper identifies the need to continuously monitor the concentration of capital and to understand individual markets by studying the firm's profit.

Place, publisher, year, edition, pages
EuroMed Press , 2019. p. 997-1009
Series
EuroMed Academy of Business Conference Book of Proceedings, ISSN 2547-8516
Keywords [en]
Market, differentiation, commoditization, innovation, creative destruction, monopoly rent, organic composition of capital, volatility, concentration of capital
National Category
Economics and Business
Research subject
Economy, Marketing
Identifiers
URN: urn:nbn:se:lnu:diva-97680ISI: 000548057800074ISBN: 978-9963-711-81-9 (print)OAI: oai:DiVA.org:lnu-97680DiVA, id: diva2:1460839
Conference
12th Annual Conference of the EuroMed-Academy-of-Business, SEP 18-20, 2019, Thessaloniki, GREECE
Available from: 2020-08-25 Created: 2020-08-25 Last updated: 2020-08-25Bibliographically approved

Open Access in DiVA

No full text in DiVA

Authority records

Philipson, Sarah

Search in DiVA

By author/editor
Philipson, Sarah
By organisation
Department of Marketing
Economics and Business

Search outside of DiVA

GoogleGoogle Scholar

isbn
urn-nbn

Altmetric score

isbn
urn-nbn
Total: 37 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf