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Given that planned marketing strategies and observable behaviors often are contingent on buyer and third‐party (e.g. competitor) responses, deep understanding and descriptions of the thoughts and actions of marketers need to reflect the dynamic interplay of such contingencies. The same view applies to planned organizational buying strategies and observable behaviors: buying behavior adapts through time based on information learned and marketers’ responses to requests made by the customer organization. Consequently, a two‐way, or multiple‐party, approach to theory construction is useful in particular for mapping the “if‐then” responses of the marketer’s thoughts/actions linked with the if‐then responses of buyers’ thoughts/actions through several time periods. Using in‐depth interviews and case histories of one marketing organization and 28 buying organizations related to the office furniture industry, the article illustrates descriptive modeling of the contingency dynamics in the thoughts and actions across the multiple parties involved in marketing‐buying interactions.

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