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The asset management, and more specifically the mutual fund industry faces major strategic challenges. Although the market is growing overall, its growth attracts a steady stream of new entrants and new products and jeopardizes 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 industry structure and proposes a new measurement approach to track the industrial dynamics. Based on these theoretical contributions, he concentrates on governance aspects and moulds the results into a practical-oriented strategic framework. Basic Thinking in Industrial Dynamics and Market Evolution; Theoretical Model: Industrial Dynamics and Organizational Responsiveness; Measuring Industrial Dynamics in Mutual Fund Markets; Why do Electronic Markets in Mutual Funds not Prevail?; A Practice-Oriented Framework
List of 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.
About the author
Dr. Andreas Mattig finished his doctoral thesis at the University of St. Gallen.
Summary
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.
