Institutionalization of Markets and Issues of the Growth of Industrial Enterprises
The article developes and proves a scientific hypothesis that strengthening the integration processes in the market space causes its institutionalization, and thus leads to the issues of proliferation of the free market players as a result of a division of spheres of influence between the major f...
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| Format: | Article |
| Language: | English |
| Published: |
Research Centre of Industrial Problems of Development of NAS of Ukraine
2015-09-01
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| Series: | Bìznes Inform |
| Subjects: | |
| Online Access: | http://www.business-inform.net/_inc/kachka_pdf.php?year=2015&volume=9_0&pages=20_24&abstract=2015_09_0%27))%20{return%20false} |
| _version_ | 1828729479319519232 |
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| author | Zamazii Oksana V. |
| author_facet | Zamazii Oksana V. |
| author_sort | Zamazii Oksana V. |
| collection | DOAJ |
| description | The article developes and proves a scientific hypothesis that strengthening the
integration processes in the market space causes its institutionalization, and
thus leads to the issues of proliferation of the free market players as a result
of a division of spheres of influence between the major financial-industrial
groups and corporations. It has been proved that a clear hierarchical structure,
along with rigid subordination of free economic agents to the chief processor
of resources within the growing corporations are those preconditions,
which gradually form characteristics of an organization or an institution in
terms of markets. An author's own definition of the notion of «institutional
market» has been proposed, which is different from the classic formulation. It
is emphasized that institutionalization of market space turns the latter into an
another economic system, the main characteristics of which are: limited number
of buyers and sellers; presence of conglomerates with rigid hierarchical
relationships between buyers and sellers; etc. Enlargement and diversification
of business as well as growth of its influence not only within its own industry
sector, but also in the related sectors, leads to the fact that corporations are
trying to control markets (supply and demand) which meantime are turning
into rigid management structures, acquiring characteristics of institutions (organizations).
This hinders the market entry of new market players, increases
risks of business and requires on the part of enterprises new marketing techniques
for positioning the own ability to create customer value. |
| first_indexed | 2024-04-12T14:33:05Z |
| format | Article |
| id | doaj.art-215de49f269f4dc19430a20752ebf572 |
| institution | Directory Open Access Journal |
| issn | 2222-4459 2222-4459 |
| language | English |
| last_indexed | 2024-04-12T14:33:05Z |
| publishDate | 2015-09-01 |
| publisher | Research Centre of Industrial Problems of Development of NAS of Ukraine |
| record_format | Article |
| series | Bìznes Inform |
| spelling | doaj.art-215de49f269f4dc19430a20752ebf5722022-12-22T03:29:12ZengResearch Centre of Industrial Problems of Development of NAS of UkraineBìznes Inform2222-44592222-44592015-09-012024Institutionalization of Markets and Issues of the Growth of Industrial EnterprisesZamazii Oksana V.0Khmelnitsky National UniversityThe article developes and proves a scientific hypothesis that strengthening the integration processes in the market space causes its institutionalization, and thus leads to the issues of proliferation of the free market players as a result of a division of spheres of influence between the major financial-industrial groups and corporations. It has been proved that a clear hierarchical structure, along with rigid subordination of free economic agents to the chief processor of resources within the growing corporations are those preconditions, which gradually form characteristics of an organization or an institution in terms of markets. An author's own definition of the notion of «institutional market» has been proposed, which is different from the classic formulation. It is emphasized that institutionalization of market space turns the latter into an another economic system, the main characteristics of which are: limited number of buyers and sellers; presence of conglomerates with rigid hierarchical relationships between buyers and sellers; etc. Enlargement and diversification of business as well as growth of its influence not only within its own industry sector, but also in the related sectors, leads to the fact that corporations are trying to control markets (supply and demand) which meantime are turning into rigid management structures, acquiring characteristics of institutions (organizations). This hinders the market entry of new market players, increases risks of business and requires on the part of enterprises new marketing techniques for positioning the own ability to create customer value.http://www.business-inform.net/_inc/kachka_pdf.php?year=2015&volume=9_0&pages=20_24&abstract=2015_09_0%27))%20{return%20false}integrationvertical integrationinstituteinstitutionalization of market |
| spellingShingle | Zamazii Oksana V. Institutionalization of Markets and Issues of the Growth of Industrial Enterprises Bìznes Inform integration vertical integration institute institutionalization of market |
| title | Institutionalization of Markets and Issues of the Growth of Industrial Enterprises |
| title_full | Institutionalization of Markets and Issues of the Growth of Industrial Enterprises |
| title_fullStr | Institutionalization of Markets and Issues of the Growth of Industrial Enterprises |
| title_full_unstemmed | Institutionalization of Markets and Issues of the Growth of Industrial Enterprises |
| title_short | Institutionalization of Markets and Issues of the Growth of Industrial Enterprises |
| title_sort | institutionalization of markets and issues of the growth of industrial enterprises |
| topic | integration vertical integration institute institutionalization of market |
| url | http://www.business-inform.net/_inc/kachka_pdf.php?year=2015&volume=9_0&pages=20_24&abstract=2015_09_0%27))%20{return%20false} |
| work_keys_str_mv | AT zamaziioksanav institutionalizationofmarketsandissuesofthegrowthofindustrialenterprises |