Nonmarket response strategies: a typology of market and nonmarket strategy interrelatedness Online publication date: Fri, 05-Jun-2009
by Mike Valente
International Journal of Sustainable Strategic Management (IJSSM), Vol. 1, No. 3, 2009
Abstract: With the growing prevalence of nonmarket forces in the private sector, this manuscript sheds light on the different types of response strategies and their association with existing strategic management processes. Employing an inductive, case-based study of 30 firms operating in developing country contexts, this manuscript presents a typology of firm strategic response to nonmarket forces based on the degree to which market and nonmarket strategies intersect in the strategy formulation and strategy implementation processes. Four approaches are presented each accompanied by important and unique challenges along with guidance on how to overcome them.
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