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Initial formation of policy domains and the rules they create affecting property rights, governance structures, and rules of exchange shape the development of new markets because they produce cultural templates that determine how to organize in a given society.

— Neil Fligstein

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More quotes by Neil Fligstein

The main problem actors face is uncertainty caused by difficulties in finding suppliers and customers and in controlling their own firm.

The social structures of markets and the internal organisation of firms are best viewed as attempts to mitigate the effects of competition with other firms.

Younger and smaller firms would be more likely to adopt the MDF (Multidivisional Form) than older and larger ones.

Markets are social constructs that reflect the unique political-cultural construction of their business enterprises and nations.

A conception of control is simultaneously a worldview that allows actors to interpret the actions of others and a reflection of how the market is structured.

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Attribution

Quote text and notes from Wikiquote: Neil Fligstein (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.