Faculty & Research
Managing Marketing Relationships: Making Sure Everyone Plays On The Team
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Vol 41 No 4
By: Chekitan S. Dev, Judi Brownell Ph.D. and Dong-Jin Lee
Executive Summary: Research in marketing channels has been increasingly devoted to examining the nature of relationships among member firms. Transaction-cost analysis and relational-exchange theory are the dominant theoretical perspectives underlying such investigations. The goal of both perspectives is to minimize the costs of exchange. One means to that end is the development of governance mechanisms that prevent, or at least minimize, the impact of opportunism on partners in a business relationship.Research in marketing channels has been increasingly devoted to examining the nature of relationships among member firms. Transaction-cost analysis and relational-exchange theory are the dominant theoretical perspectives underlying such investigations. The goal of both perspectives is to minimize the costs of exchange. One means to that end is the development of governance mechanisms that prevent, or at least minimize, the impact of opportunism on partners in a business relationship.
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- Managing Marketing Relationships: Making Sure Everyone Plays On The Team By: Chekitan S. Dev, Judi Brownell Ph.D. and Dong-Jin Lee
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