Microfoundations for Macromarketing: A Metatheoretical Lens for Bridging the Micro-Macro Divide. (March 2023)

• Record Type: Journal Article
• Authors: Akaka, Melissa Archpru; Vargo, Stephen L.; Nariswari, Angeline; O'Brien, Matthew
• Is Part Of: Journal of macromarketing. Volume 43:Number 1(2023)
• Page Start: 61
• Page End: 75
• Publication Date: 2023-03
• Subjects: practices -- value cocreation -- service-dominant logic -- institutions -- wicked problems‌; Marketing -- Periodicals; Marketing -- Social aspects -- Periodicals; 658.802
• DOI: 10.1177/02761467211054349
• Languages: English
• ISSNs: 0276-1467

Abstract

Macromarketing is often contrasted with micro-views of dyadic relationships, such as firm/customer interactions and transactional exchange. However, developing solutions for "wicked" social problems that are often viewed through a macro lens requires an approach that considers multiple perspectives at aggregated levels of interaction. We propose a framework for bridging the micro-macro divide by applying a metatheoretical lens, based on service-dominant logic and its service-ecosystems view. This approach highlights the importance of studying value cocreation practices as a microfoundation of macrostructures and highlights the need for studying institutions and institutional arrangements at varying levels of granularity. We argue for consideration of a meso-level, which is conceptually nested between micro-actions and macro-structures and allows researchers to investigate the emergence of markets as institutionalized, and potentially sustainable solutions. Exploring multiple levels of interaction can aid researchers and practitioners in understanding the complexity of wicked problems and cocreating solutions for major societal challenges faced in the world today.