Industrial Dynamics and the Evolution of Markets in the Mutual Fund Industry [electronic resource] / by Andreas Mattig.

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.

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.