Alliances and Co-Evolution Insights from the Banking Sector

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ISBN: 9781403933126 | 140393312X
Cover: Hardcover
Copyright: 11/29/2005

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Alliances and Co-Evolution provides alliance managers, consultants and academics with a detailed analysis covering twenty-three years of the growth and decline of three lifecycles of alliances. This analysis links structural change in the European macro-environment with corporate alliance strategies. It differentiates between strategic alliances and infrastructure alliances with their differing strategic drivers, and proposes a co-evolution model to explain, monitor and manage the development of alliances over time.

List of Tables

xiii

List of Figures

xiv

Preface

Foreword

xvii

List of Abbreviations

Introduction, Structure and Subject

(18)

Introduction and research question

(1)

Structure

(2)

Subject

(15)

Strategic alliances -- definition and taxonomy

(1)

Strategic alliances -- definition

(5)

Strategic alliances -- a taxonomy

(1)

The strategic alliance versus the infrastructure alliance

(1)

Strategic alliances

(2)

Infrastructure alliances

(7)

Conclusion

(1)

Industry Level -- The Lifecycle of Strategic Alliances

(34)

Introduction

(1)

The banker's propensity to cooperate

(4)

The use of strategic alliances in the European banking sector

(27)

The data sources and analysis methods

(1)

The 1970s -- the era of Clubs and Consortium Banks

(1)

Changes in mechanisms in the 1970s

(1)

The Organization of Oil Producing and Exporting Countries (OPEC)

(2)

The internationalization of trade and banking

(2)

Clubs and consortium banks

(7)

The lifecycle of clubs and consortium banks

(5)

The 1980s: The era of Bankassurance

(2)

The 1990s: The era of the Virtual Bank

(7)

Discussion and conclusion

(3)

Strategic Alliances -- The Theory and the Literature

(43)

Introduction

(1)

Strategy

(4)

The key perspectives

(18)

Economic perspective

(1)

Market power theory

(1)

Transaction cost economics theory

(1)

Agency theory

(1)

Increasing returns theory

(1)

Game theory

(2)

Strategic management perspective

(1)

Organization perspective

(1)

Population ecology theory

(1)

Resource-dependency theory

(1)

Organization structure and management theory

(1)

Organizational learning theory

(4)

Trust perspective

(1)

Basis for trust

(1)

Evolution of trust

(1)

Social constitution of trust

(1)

Summary of perspectives

(1)

Strategic alliances

(1)

Conceiving cooperation

(20)

Context is clearly the key determiner of the decision to use a form of strategic alliance to meet business needs

(1)

When determining whether to enter into an alliance, rather than some other form of organization, issues to consider are varied

(1)

A number of factors were identified as pointers towards a successful strategic alliance

(1)

A number of research findings pointed to the continued use of alliances

(1)

Forming cooperation

(1)

Researchers point to core processes inherent in a strategic alliance

(1)

International alliances add the dimension of cultural dissimilarity

(1)

Within an alliance a variety of decision-making mechanisms can be used

(1)

Organizing cooperation

(1)

The organization and configuration of the alliance attempt to reap the benefits and mitigate the dangers

(1)

Alliances are complex organizational forms

(2)

Alliance partners deliberately built trust between their firms to facilitate a successful alliance

(1)

International collaborations bring increased managerial complexity

(2)

Co-evolving cooperation

(1)

To maintain the collaboration the alliance partners need to co-evolve. Learning is at the core of co-evolution in alliances

(1)

As alliances evolve, a number of dimensions come into play, with co-learning often referred to as the most important

(3)

Particular firms and countries display particular concerns

(1)

Dissolving cooperation

(1)

Alliances dissolve as the rationale for their establishment and evolution ceases to exist

(1)

Alliances generate different rates of success

(1)

Summary

(2)

Broad European Perspectives

(27)

Introduction

(1)

Strategic alliances -- a definition

(6)

Durability

(1)

Sharing or pooling of resources

(1)

Creation of a separate company

(1)

Strategic importance to partners

(1)

Mutual economic gain

(1)

Own firm economic gain

(1)

Other

(1)

Relationships

100

(1)

Resources

100

(1)

Loyalty

100

(1)

Markets

101

(1)

The rationale for conceiving strategic alliances

102

(3)

`Capital cost reduction'

103

(1)

`Sharing risks'

103

(1)

`Entering a new product market'

104

(1)

`Entering a new geographical market'

104

(1)

`Accessing distribution channels'

104

(1)

The rationale for forming strategic alliances

105

(1)

`How many strategic alliances does your company have?'

105

(1)

`We do or are willing to enter into strategic alliances with our competitors'

105

(1)

`We consider that there is a direct positive relationship between ownership, in equity terms, and management control and influence in strategic alliances'

106

(1)

The rationale for organizing strategic alliances

106

(3)

`We consider our strategic alliances have met or are meeting our strategic objectives'

106

(1)

`The objectives of our alliances are specific'

107

(1)

`Our strategic alliances identify and undertake specific tasks in support of these objectives'

107

(1)

`We encourage our strategic alliances to take calculated initiatives'

108

(1)

`We are strongly committed to our strategic alliance partners'

108

(1)

`When entering into a strategic alliance we devote substantial time to establishing methods for making decisions'

109

(1)

The rationale for co-evolution in strategic alliances

109

(3)

`When entering into strategic alliances we devote substantial time to establishing methods for monitoring the implementation of decisions'

110

(1)

`When entering into strategic alliances we devote substantial time to establishing a method for resolving conflicts'

110

(1)

`When entering into strategic alliances we devote substantial time to establishing ... a number of other issues'

111

(1)

Commercial benefits

111

(1)

Marketing

111

(1)

Dissolution

111

(1)

Current status of strategic alliances

112

(4)

`How many of your strategic alliances are with partners in the following regions -- UK?'

112

(1)

`How many of your strategic alliances are with partners in the following regions -- Western Europe?'

113

(1)

`How many of your strategic alliances are with partners in the following regions -- Eastern Europe?'

114

(1)

`How many of your strategic alliances are with partners in the following regions -- North America?'

114

(1)

`How many of your strategic alliances are with partners in the following regions -- Asia?'

115

(1)

`How many of your strategic alliances are with partners in the following regions -- Indian Sub-Continent, South and Central America, Africa, Middle East?'

115

(1)

Future plans for strategic alliances

116

(3)

`We are using or intend to use strategic alliances to expand our capability in -- UK'

116

(1)

`We are using or intend to use strategic alliances to expand our capability in -- Western Europe'

117

(1)

`We are using or intend to use strategic alliances to expand our capability in -- Eastern Europe'

117

(2)

`We are using or intend to use strategic alliances to expand our capability in -- North America'

119

(1)

`We are using or intend to use strategic alliances to expand our capability in -- Asia'

119

(1)

`We are using or intend to use strategic alliances to expand our capability in -- Indian Sub-Continent, South and Central America, Africa, Middle East'

119

(1)

Additional observations

119

(2)

Conclusion

121

(2)

The Substance of Alliances

123

(21)

Introduction

123

(1)

Background

123

(4)

Regulatory changes

124

(1)

Market changes

125

(1)

Technology changes

126

(1)

Conceiving cooperation

127

(4)

Context

127

(1)

Issues

128

(2)

Success

130

(1)

Continued use

131

(1)

Forming cooperation

131

(4)

Core processes

131

(1)

Cultural dissimilarity

132

(2)

Decision-making

134

(1)

Organizing cooperation

135

(4)

Benefits and dangers

135

(1)

Form complexity

136

(1)

Trust building

137

(1)

International complexity

138

(1)

Co-evolving cooperation

139

(1)

Sustaining collaboration

139

(1)

Co-learning

139

(1)

International issues

140

(1)

Dissolving cooperation

140

(3)

Ceasing rationales

140

(3)

Conclusion

143

(1)

Discussion, Infrastructure Alliances and Co-Evolution

144

(13)

Introduction

144

(1)

Conclusion

144

(7)

Do strategic alliances add value?

144

(2)

Revised understanding of a strategic alliance

146

(1)

Contribution to knowledge

147

(1)

Dynamic-disequilibrium

148

(1)

Strategic verses infrastructure alliances

148

(1)

The nature of the firm

149

(1)

Directors areas of interest

149

(1)

Geographical scope and property rights

150

(1)

Contribution to other industries

150

(1)

Further research

151

(6)

Infrastructure alliances

151

(1)

The co-evolution model

151

(4)

The co-evolution model and real option theory

155

(2)

Appendix 1 Research Methodology

157

(16)

References

173

(15)

Index

188

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Alliances and Co-Evolution Insights from the Banking Sector

Summary

Author Biography

Table of Contents

Supplemental Materials

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Rent More, Save More! Use code: BBRENTAL

5% off 1 book, 7% off 2 books, 10% off 3+ books

Alliances and Co-Evolution Insights from the Banking Sector

Summary

Author Biography

Table of Contents

Supplemental Materials

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