Full Description
The asset management, and more specifically the mutual fund industry, is facing major strategic challenges. Although the market is growing overall, its growth attracts a steady stream of new entrants and new products that jeopardize the position and profitability of (large) incumbent firms. In order to cope with this setting, Andreas Mattig focuses on a holistic market model to sketch the mutual fund industry structure. This allows to propose a new measurement approach and to track the industrial dynamics. Based on these theoretical contributions, he concentrates on governance aspects and moulds the results into a practice-oriented strategic framework.
Contents
The Mutual Fund Industry.- Research Set Up.- Basic Thinking in Industrial Dynamics and Market Evolution.- Theoretical Model: Industrial Dynamics and Organizational Responsiveness.- Gradual Innovation Perspective: Measuring Industrial Dynamics in Mutual Fund Markets.- Disruptive Innovation Perspective: Why Do Electronic Markets not yet Prevail?.- Operational Risk Perspective: Governance Across the Widening Disintermediation Gap.- A Conclusion from a Practitioners' Perspective.
