Status Signals

Author: Joel M. Podolny
Publisher: Princeton University Press
ISBN: 9781400837878
Size: 56.63 MB
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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.

Historical Developments And Theoretical Approaches In Sociology Volume I

Author: Charles Crothers
Publisher: EOLSS Publications
ISBN: 1848263317
Size: 39.37 MB
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Historical Developments and Theoretical Approaches in Sociology in two volumes is a component of Encyclopedia of Social Sciences and Humanities in the global Encyclopedia of Life Support Systems (EOLSS), which is an integrated compendium of twenty Encyclopedias. Sociology is one of several social science disciplines and smaller bodies of knowledge which seeks to understand the patterns in social life. There is a broad congruence between the objective configurations of social life and the components of the disciplines studying them, the body of sociological knowledge is socially constructed and the pathways to its gaining of knowledge influenced by a variety of factors. Moreover, since social life is ever-changing, sociology often has to scramble to catch-up with the changing social world. This work is built up around four broad topics, the first providing important shared contextual material and then followed by three broad levels of social analysis: with each of these four parts containing a number of chapters with more specific and in-depth information. The theme essay provides a general introduction and overview of the theme as a whole. In total, the work holds 40 contributions written by a selection of many international renowned specialists from 12 countries. It was important to obtain a wide range of viewpoints giving the ways in which social issues arise quite differently in a range of countries. These two volumes are aimed at the following five major target audiences: University and College Students Educators, Professional Practitioners, Research Personnel and Policy Analysts, Managers, and Decision Makers, NGOs and GOs.

Status In Management And Organizations

Author: Jone L. Pearce
Publisher: Cambridge University Press
ISBN: 1139493817
Size: 65.82 MB
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People go to extraordinary lengths to gain and defend their status. Those with higher status are listened to more, receive more deference from others, and are perceived as having more power. People with higher status also tend to have better health and longevity. In short, status matters. Despite the importance of status, particularly in the workplace, it has received comparatively little attention from management scholars. It is only relatively recently that they have turned their attention to the powerful role that social status plays in organizations. This book brings together this important work, showing why we should distinguish status from power, hierarchy and work quality. It also shows how a better understanding of status can be used to address problems in a number of different areas, including strategic acquisitions, the development of innovations, new venture funding, executive compensation, discrimination, and team diversity effects.

The Oxford Handbook Of Corporate Reputation

Author: Michael L. Barnett
Publisher: OUP Oxford
ISBN: 0191634948
Size: 60.29 MB
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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.

Issues In Heterodox Economics

Author: Donald A. R. George
Publisher: Wiley-Blackwell
ISBN: 9781405179614
Size: 15.25 MB
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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

Author: Hartmut Hirsch-Kreinsen
Publisher: Edward Elgar Publishing
ISBN:
Size: 39.69 MB
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'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