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- Title
Innovation in Services: CORPORATE CULTURE AND INVESTMENT BANKING.
- Authors
Lyons, Richard K.; Chatman, Jennifer A.; Joyce, Caneel K.
- Abstract
The article discusses service innovation in the investment banking industry. Service industry innovations differ from innovations in industries that produce physical products because they rarely have intellectual property and patent protections. However, investment banking services are typically a series of interrelated businesses such as consulting, wealth management and accounting, and innovations require a business wide coordinated approach. The authors argue that a strong corporate culture can support rather than hinder innovation. The creation of such a culture requires strong leadership and an emphasis on innovation in hiring and promotions.
- Subjects
INNOVATIONS in business; INNOVATION management; INVESTMENT banking; INVESTMENT bankers; EMPLOYEE selection; LEADERSHIP; EXECUTIVES; MANAGEMENT
- Publication
California Management Review, 2007, Vol 50, Issue 1, p174
- ISSN
0008-1256
- Publication type
Article
- DOI
10.2307/41166422