2020
DOI: 10.1007/s10490-020-09723-z
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Business models innovation in investment banks: a resilience perspective

Abstract: 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 ch… Show more

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Cited by 17 publications
(7 citation statements)
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References 69 publications
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“…This study contributes to the literature by revealing how Chinese SMEs adjust their sustainable business models in response to crises. It confirms that firms adapt their sustainable business models to cope with external challenges [68,69]. This study also makes a valuable addition to the current body of research on SBMI by offering novel perspectives on the adaptive strategies used by Chinese SMEs to address external difficulties.…”
Section: Theoretical Implicationssupporting
confidence: 64%
“…This study contributes to the literature by revealing how Chinese SMEs adjust their sustainable business models in response to crises. It confirms that firms adapt their sustainable business models to cope with external challenges [68,69]. This study also makes a valuable addition to the current body of research on SBMI by offering novel perspectives on the adaptive strategies used by Chinese SMEs to address external difficulties.…”
Section: Theoretical Implicationssupporting
confidence: 64%
“…Based on the current condition of the global economy, organizations are required to rapidly respond to changes in the business environment, make timely changes in strategies, and adapt to various circumstances in order to survive. They need to deal with challenges that are internal and external by raising resilience at the organizational level (Ramdani et al, 2020).…”
Section: Introductionmentioning
confidence: 99%
“…This is not only regarding the management of the availability and allocation of resources, but also the activation of a set of coordination mechanisms for the strategic processes of the organization in which the effects and transfers derived from the crisis occur globally. Ultimately, organizational capacity is fundamental to adjust routines to overcome challenges in adverse situations faced by the organization (Ramdani et al, 2020). Furthermore, Cherneski (2020) stated that the creation of meaning -both individual and social-shapes interpretations and helps explain the behavioral patterns that occur within an organization, which consolidates resilient systems through organizational culture, especially by establishing rules that adjust and consolidate resilient ecosystems.…”
Section: Discussionmentioning
confidence: 99%