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When Market Information Constitutes Fields: Sensemaking of Markets in the Commercial Music Industry

Author

Listed:
  • N. Anand

    (London Business School, Sussex Place, Regent's Park, London, NW1 4SA, United Kingdom)

  • Richard A. Peterson

    (Vanderbilt University, Department of Sociology, Box 1635 Station B, Nashville, Tennessee, 37235)

Abstract

In this paper we outline a key mechanism through which organizational fields are constituted. We suggest that in competitive fields, the market serves as a magnet around which groups of actors consolidate, and that cognition of markets occurs through the creation, distribution, and interpretation of a web of information about the “market.” To illustrate our theory, we present a case study of the Billboard music chart from the commercial music industry to show that changes in either scope, methodology, or political tone with which market information is presented can provide a major jolt to the participants' understanding of their field.

Suggested Citation

  • N. Anand & Richard A. Peterson, 2000. "When Market Information Constitutes Fields: Sensemaking of Markets in the Commercial Music Industry," Organization Science, INFORMS, vol. 11(3), pages 270-284, June.
  • Handle: RePEc:inm:ororsc:v:11:y:2000:i:3:p:270-284
    DOI: 10.1287/orsc.11.3.270.12502
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    References listed on IDEAS

    as
    1. Jan Bell, 1984. "The Effect of Presentation Form on the Use of Information in Annual Reports," Management Science, INFORMS, vol. 30(2), pages 169-185, February.
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