Open innovation in the financial services: growing through openness, flexibility and customer integration

Open innovation means gathering new ideas hatched outside organizational boundaries and leveraging new delivery models through collaboration. Fasnacht’s book, as the first of its kind, discusses open business models in the context ofthe financial services industry. He explores the developments during the lasttwenty years, including the recent subprime crisis and explains the vital transition from a closed model of operation to open innovation. Fasnacht explains, based on a number of examples, why the transition is necessary and how it can be mastered. The case studies explain 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 into multiple strategic directions, growth and to realize organizational energy. Innovative and inspiring: Open business models for financial institutions A plea for thinking outside of organizational boundaries INDICE: 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 ofNew Management Practices.- Providing a Culture of Open Innovation.- Conclusion.

• ISBN: 978-3-540-88230-5
• Editorial: Springer
• Encuadernacion: Cartoné
• Páginas: 300
• Fecha Publicación: 01/12/2008
• Nº Volúmenes: 1
• Idioma: Inglés