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PurposeThis paper aims to develop a conceptual framework based on the identification and examination of the mechanisms (termed "viability mechanisms") under which market-shaping activities yield the emergence of a viable market: one able to adapt to the changing environment over time while remaining stable enough for actors to benefit from it.Design/methodology/approachThis paper uses extant literature to build a conceptual framework identifying viability mechanisms for market shaping and a case illustration examining how a viable market for Finnish timber high-rise buildings was created. The case exemplifies how the identified viability mechanisms are practically manifested through proactive market shaping.FindingsThe proposed conceptual framework incorporates four viability mechanisms identified in the extant literature: presence of dissipative structures, consonance among system elements, resonance among system elements and reinforcing and balancing feedback loops. It illustrates how these mechanisms are manifested in a contemporary case setting resulting in a viable market.Practical implicationsFirst, firms and other market-shaping organizations should look for, or themselves foster, viability mechanisms within their market-shaping strategies. Second, as failure rates in innovation are extremely high, managers should seek to identify or influence viability mechanisms to avoid premature commercialization of innovations.Originality/valueThis study identifies how these viability mechanisms permit markets to emerge and survive over time. Further, it illuminates the workings of the non-linear relationship between actor-level market-shaping actions and system-level market changes. As such, it provides a "missing link" to the scholarly and managerial discourse on market-shaping strategies. Unlike much extant market-shaping literature, this study draws substantively on the systems literature.

Traditional views of dualistic development emphasize differences in behavior between the traditional & modern sectors. Here, it is argued that a better distinction concerns market networks. A traditional sector is characterized by a lack of market integration. Such market integration can be achieved only through dramatic growth of a domestic market for basic agricultural goods, most likely involving the simultaneous protection & taxation of the agricultural sector. Thus, protectionism was an appropriate strategy of development, but most nations protected the wrong sector (industry) at the wrong time in the process of long-run development. 1 Figure, 23 References. Adapted from the source document.

This article argues that consumption logistics are fundamental modes of ordering markets. Constructivist Market Studies (CMS) and Market System Dynamics (MSD) approaches improved our understanding of, respectively, the practical and symbolic processes of market organization. On this backdrop, previous research has predominantly framed logistics as a practical performance of this organization. Conversely, we argue that logistical performances are as much practical as they are symbolic. Drawing on both CMS and MSD research, we therefore conceptualize consumption logistics as the system of interrelated practices ordering the heterogeneous entities of consumption in space and time. Put differently, by integrating market and consumption practices, consumption logistics recursively (per)form the context of markets, that is, the situated conditions affording subjects the possibility to consume and objects to be consumed within specific markets. Our theorization brings forward the complex practical-symbolic ordering of markets, with implications for discussions of spaces, subjects and meanings of market phenomena.

The article examines longitudinal trends in expenditures by over 1,200 private firms, finding evidence of punctuated equilibrium—a pattern of change widely interpreted as evidence of stick‐slip dynamics in decision‐making processes. Levels of punctuation in the private sector closely resemble those observed in studies on public budgeting, suggesting that the private sector is not on average any less resistant to change than government. Both private‐ and public‐sector decision making is a function of deliberative processes, which the article compares to market systems. Deliberative decision making takes place when a group comes to a consensus about the allocation of resources. Market processes aggregate the actions of many independent decision makers to arrive at an outcome, such as the value of a commodity. The article considers the relative informational efficiency of these two processes and concludes that market systems should be more adaptive to incoming information. Three case studies provide natural experiments to investigate the stability of outputs during periods of deliberative and market control. A key finding is that when outputs are determined by market systems it greatly reduces the magnitude of punctuation.