Open Innovation in the Financial Services

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 Fasnachts book, the first...

Full description

Bibliographic Details
Main Author: Fasnacht, Daniel. (Author)
Corporate Author: SpringerLink (Online service)
Format: Electronic
Language:English
Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2009.
Subjects:
Online Access:https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-3-540-88231-2
LEADER 03306nam a22004575i 4500
001 6567
003 DE-He213
005 20130725191025.0
007 cr nn 008mamaa
008 100301s2009 gw | s |||| 0|eng d
020 # # |a 9783540882312  |9 978-3-540-88231-2 
024 7 # |a 10.1007/978-3-540-88231-2  |2 doi 
050 # 4 |a HD28-70 
072 # 7 |a KJM  |2 bicssc 
072 # 7 |a BUS041000  |2 bisacsh 
082 0 4 |a 650  |2 23 
100 1 # |a Fasnacht, Daniel.  |e author. 
245 1 0 |a Open Innovation in the Financial Services  |c by Daniel Fasnacht.  |h [electronic resource] / 
264 # 1 |a Berlin, Heidelberg :  |b Springer Berlin Heidelberg,  |c 2009. 
300 # # |b online resource. 
336 # # |a text  |b txt  |2 rdacontent 
337 # # |a computer  |b c  |2 rdamedia 
338 # # |a online resource  |b cr  |2 rdacarrier 
347 # # |a text file  |b PDF  |2 rda 
505 0 # |a Introduction -- 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 -- Conclusion. 
520 # # |a 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. 
650 # 0 |a Economics. 
650 # 0 |a Banks and banking. 
650 # 0 |a Industrial management. 
650 # 0 |a Entrepreneurship. 
650 1 4 |a Economics/Management Science. 
650 2 4 |a Management/Business for Professionals. 
650 2 4 |a Finance /Banking. 
650 2 4 |a Entrepreneurship. 
710 2 # |a SpringerLink (Online service) 
773 0 # |t Springer eBooks 
776 0 8 |i Printed edition:  |z 9783540882305 
856 4 0 |u https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-3-540-88231-2 
912 # # |a ZDB-2-SBE 
950 # # |a Business and Economics (Springer-11643)