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Business models innovation in investment banks: A resilience perspective

Ramdani, Boumediene; Binsaif, Ahmed; Boukrami, Elias; Guermat, Cherif

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Authors

Boumediene Ramdani

Ahmed Binsaif

Elias Boukrami



Abstract

© 2020, The Author(s). Firms frequently change their business models in order to respond to internal and external challenges. This study aims to explore how investments banks adjust their business models in response to internal and external challenges. Based on a qualitative data from ten major investment banks operating in the largest financial market in the Middle East, we show that investment banks can achieve resilience by adjusting their business models through continuous activity changes in response to internal and external challenges. Specifically, investment banks adjust their business models through deploying alternative combinations of activities from a broad repertoire of activities. Within the same bank, divisions that respond to external challenges tend to sustain their performance, whereas resilient divisions that respond to both internal and external challenges tend to bounce back or achieve substantial increase in performance levels. This study contributes to the literature by proposing resilience as an alternative approach to business model innovation and by providing insight into how firms adjust their business models by altering specific activities in response to both internal and external challenges.

Citation

Ramdani, B., Binsaif, A., Boukrami, E., & Guermat, C. (2022). Business models innovation in investment banks: A resilience perspective. Asia Pacific Journal of Management, 39, 51–78. https://doi.org/10.1007/s10490-020-09723-z

Journal Article Type Article
Acceptance Date May 18, 2020
Online Publication Date Jun 17, 2020
Publication Date 2022-03
Deposit Date May 29, 2020
Publicly Available Date Mar 28, 2024
Journal Asia Pacific Journal of Management
Print ISSN 0217-4561
Electronic ISSN 1572-9958
Publisher Springer (part of Springer Nature)
Peer Reviewed Peer Reviewed
Volume 39
Pages 51–78
DOI https://doi.org/10.1007/s10490-020-09723-z
Public URL https://uwe-repository.worktribe.com/output/6001021
Publisher URL https://www.springer.com/journal/10490

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