Hosted by the Strategic Management Practices & Issues Group.
Strategic growth often focuses investment on preserving competitive advantages. The tradeoffs between efficiency and effectiveness don't seem to place speed and safety as coincident requirements, yet in Financial Services, the two have become standard requirements for customers. FinTech-the growing number of financial technology firms skirt the regulatory requirements and asset base size that once created significant barriers to entry and sources of advantage. These smaller startups rely on alternative capabilities and changing the environment with no clear solution emerging as dominant. It's an industry that exemplifies what Rita McGrath typifies as the End of competitive Advantage.
Changes in this space reflect changes in functional experiences that transformed other industries, like digitization and mobility, are creating significant execution challenges and reshaping the nature of transactions, payments and settlements. Old paradigms have yet find a clear successor and that extends to the formation of strategy reducing many plans to be transient.
Join us on February 19 from 7:30-8:45 am
500 W. Monroe, Suite 3400
our new location generously hosted by the Lockton Company
You must Register* in advance, (building security required for admittance). Light Breakfast and coffee provided courtesy of Lockton. Seating is limited to the first 20 signups.
Please review the following articles in advance.
*Note, out of courtesy to others, if you register and your plans change, please notify Rachel ASAP and free up a seat to others.
Upstarts are leading the FinTech movement and Banks take heed
Why Collaboration the new competitive advantage
Forbes December 2015
Harvard Business Review June 2013 by Rita McGrath
Rita McGrath on the End of Competitive Advantage