Management Dynamics

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Innovate or Die New Mantra of Modern Day Banking


Affiliations
1 Jaipuria Institute of Management, Lucknow, India
 

Competition, convergence and consolidation are key drivers of banking these days. Competition breeds innovation and innovation breed's competitive advantage. To stay ahead of their competitors, banks like any other industry are trying new ideas (innovations) and reinventing existing products (renovations). 'Innovate or die' is new mantra of modern day banking.
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  • Innovate or Die New Mantra of Modern Day Banking

Abstract Views: 180  |  PDF Views: 132

Authors

Shyam Ji Mehrotra
Jaipuria Institute of Management, Lucknow, India

Abstract


Competition, convergence and consolidation are key drivers of banking these days. Competition breeds innovation and innovation breed's competitive advantage. To stay ahead of their competitors, banks like any other industry are trying new ideas (innovations) and reinventing existing products (renovations). 'Innovate or die' is new mantra of modern day banking.