Technical Innovation and Competitive Advantage in Retail Financial Services: A Case Study of Change and Industry Response
通过英国银行支付处理核心业务的技术创新案例，分析了变革的战略理由、实施过程及新系统在运营和组织维度的一致性，强调管理因素而非技术因素对成功创新的贡献，并解释了竞争对手基于传统竞争优势假设的响应。
This article presents a case study of a major technical innovation in the core activity of payment processing in a UK bank. In describing the strategic rationale for the change and the process of implementation, the degree of consistency between the operational and organizational dimensions of the new system are examined. As this system is widely regarded as the benchmark for future paper processing in the industry, the factors contributing to successful innovation are discussed and the management rather than the technological aspects of this are emphasized. Competitor responses to the innovation are explained by the influence of traditional assumptions about the basis of competitive advantage in banking.