rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Open Innovation in the Financial Services
  name:
    name part: Fasnacht, Daniel.
    role:
      role term: creator
    role:
      role term: author.
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: gw
    date issued: 2009
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: XVI, 209 p. 6 illus. online resource.
  abstract: Open innovation means gathering new ideas from sources beyond organizational boundaries. It occurs when solutions to address clients’ needs are developed in collaboration and the resulting products and services are distributed through a flexible network of partners. Daniel Fasnacht’s book, the first of its kind, discusses open business models in the context of the financial services industry. He elaborates the drivers for strategic change such as increasingly sophisticated clients or demanding shareholders among other trends, including the recent global financial crisis, and explains why the transition from a closed model of operation to open innovation is vital. Various case studies illustrate how to integrate the client into the firm's innovation process and emphasize the importance of smart client segmentation and a holistic advisory model to serve clients around the globe. Leaders must develop a set of new management practices to be able to invest in multiple strategic directions. They are responsible for giving clients a remarkable experience and for creating social relationship capital based upon an open innovation culture. Open Innovation in the Financial Services provides a much-needed framework for helping to understand industry dynamics in banking and to make the most of organizational energy by using open innovation to sustain profitable growth. The book comes at the right time and offers a new mindset for business – not only for expansion strategies in general, but especially during turbulent times.
  table of contents: The Strategic Value of Growth and Innovation -- Leading Through the Changing Business Environment -- Open Innovation: The New Business Paradigm -- Transition Strategies to Open Innovation -- Developing a Set of New Management Practices -- Providing a Culture of Open Innovation.
  note: by Daniel Fasnacht.
  subject:
    topic: Finance
  subject:
    topic: Entrepreneurship
  subject:
    topic: Bank marketing
  subject:
    topic: Finance
  subject:
    topic: Financial Services
  subject:
    topic: Finance, general
  subject:
    topic: Entrepreneurship
  classification: HG1616.M3
  classification: 332.17
  related item:
    title info:
      title: Springer eBooks
  identifier: 9783540882312
  identifier: http://dx.doi.org/10.1007/978-3-540-88231-2
  record info:
    record creation date: 100301
    record change date: 20151204160945.0
    record identifier: 978-3-540-88231-2