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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
New Strategies for Financial Services Firms: The Life-Cycle-Solution Approach

New Strategies for Financial Services Firms: The Life-Cycle-Solution Approach

Kundisch, Dennis

Paperback

Series: Information Age Economy

AccountingInvesting & FinanceGeneral Computers

ISBN10: 379080066X
ISBN13: 9783790800661
Publisher: Physica-Verlag
Published: Jun 11 2003
Pages: 206
Weight: 0.75
Height: 0.60 Width: 6.10 Depth: 9.10
Language: English
The theme of this book New strategies for financial services providers is an equally relevant and important topic in science and practice. In the (post) informa- tion age economy, the German financial services market and many big financial services providers are in a deep crisis. Increasing competition due to deregulation and improved transparency through new means of communication on the one hand, and empowered customers demanding individualized solutions for their fi- nancial problems e. g. because of new working circumstances, increase the pres- sure on the market participants to alter their strategies according to these new challenges. Many firms have reacted defensively either by merging in the hopes of realizing scale effects - a high-risk venture considering the last few years - or by adapting me-too-strategies (also known as lemming-banking) that do not provide for a sustainable competitive advantage. Based on a profound analysis of developing mega-trends in the years ahead, es- pecially in information and IT-intense market, Dr. Kundisch develops a new anti- cyclical strategy that aims at using IT as an enabler to strengthen customer rela- tionships and focus on individualized solutions wherever it seems economically sound to do so. However, he does not stop after the development of the strategy, but provides two important concepts that may help turn this vision and strategy into reality. Thus, he favorably and refreshingly differentiates against many contributions that stop at the fairly abstract strategic level.

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