commodification

(redirected from Commoditization)
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commodification

the process by which goods and services are increasingly produced for the market. Compare SUBSISTENCE ECONOMY.
References in periodicals archive ?
And finally, there is the connection between resistance to commoditization and development of local economic democracy.
Purchasers, in turn, have contributed to the commoditization problem by demanding low premiums and not holding EAPs accountable for achieving results.
Among those who are most concerned about being low-balled by product commoditization are materials companies and specialty-parts makers.
These are cases of strategic and portfolio innovation to offset commoditization by moving the competitive frame to markets where they have more control over product technology curves.
Mortgage product commoditization has increased over the last decade, primarily caused by increased competition?
Its monetary value represents the creeping commoditization of food that becomes spirit from the outside, external world into Haya life.
The latter saw in the mills a sinister authoritarianism and a degrading commoditization of human experience.
He thinks this is "unjustified" due to lack of evidence that organic sales growth is at a turning point in the near-term, adding that Veoneer is "unlikely" to become a leader in Autonomous Vehicles given competition from tech players and risk of OEM software insourcing and hardware commoditization. In the medium-term, Lesne does not see higher sales translating into improved profitability.
"The personal automobile insurance market is experiencing an expanding set of challenges - including consolidating, evolving distribution structures and product commoditization - that may well redefine the business over time," Alan Dobbins, a director of Insurance Research at Conning, said in prepared remarks.
Finis Conner, the founder and CEO of BluStor, commented: BluStors strategic collaboration with one of the worlds leading supply chain services company in this era of technology commoditization is a major advancement.
The big question for many independent agents is how to continue to grow and remain profitable in the face of increasing competition and worsening commoditization. Here are some thoughts on how to combat these market pressures and continue to succeed in the changing small-commercial market segment.
In an article reposted on an online musicians blog, Kevin Case examines the attitude of many orchestra managers and board chairs and characterizes it as "commoditization."