scholarly journals Red Queen Effect in German Bank Industry: Implication of Banking Digitalization for Open Innovation Dynamics

Author(s):  
Seungju Lee ◽  
Yona Kwon ◽  
Nam Nguyen Quoc ◽  
Cynthia Danon ◽  
Maren Mehler ◽  
...  

This study analyzed the firm’s actual case in an environment where the financial industry’s paradigm changes due to technological development. It focused on Deutsche Bank’s competitive action at the heart of the digitalizing European banking industry. This study presents the competitive dynamics among firms and the effects of such dynamics on firm performance. Based on the competitive dynamics between Deutsche Bank and other banks competing in the European banking industry, the Red Queen theory was applied. This study has shown that Deutsche Bank’s innovative actions in the digitalizing European banking industry are necessary and are a factor that can lead to successful firm performance in a hyper-competitive environment. Firms need to develop a capability to quickly capture the opportunities to innovate and take advantage of them to stay ahead of their competitors.

2008 ◽  
Vol 51 (1) ◽  
pp. 61-80 ◽  
Author(s):  
Pamela J. Derfus ◽  
Patrick G. Maggitti ◽  
Curtis M. Grimm ◽  
Ken G. Smith

Author(s):  
Daron Acemoglu ◽  
James A. Robinson

Fragility arises when states are ineffective and when they are also illegitimate and unaccountable. These features are interconnected. People don’t want to cooperate with, or cede resources to, a state they cannot influence. We present a simple framework where the key to exiting fragility is a balance between the state and society. The state needs to develop more capacity, but to do this society needs to develop the ability to discipline and control it. We emphasize the existence of this type of “virtuous circle”—a phenomenon we call the “Red Queen effect.” We argue that the way of thinking about state-building is in terms of both widening the corridor in which the Red Queen effect operates and devising strategies to get into the corridor. We show how the framework helps account for the diminishing fragility of the state in post-apartheid South Africa, Somaliland, Sierra Leone, and Colombia.


This chapter applies the ? model to the G-20 countries. The model suggests that the group is not homogenous. Some G-20 countries are economically efficient, while others are not. The jurisdictional footprints of these countries help explain the efficiency differences. The chapter introduces an evolutionary construct, the Red Queen Effect (RQE) to further explain the evolutionary stability of the world-system. The chapter also provides a brief analysis of the efficiency relativities of European countries.


Author(s):  
Arlindo Oliveira

This chapter introduces the idea that technology, invented millennia ago, is developing at an even increasing pace, creating the need for all systems to develop to avoid becoming obsolete. This is called the Red Queen effect. The current generation has seen the appearance and rapid development of many new technologies, from digital computers and cellular phones, to DNA sequencing and genetic engineering. However, the next decades will witness an even faster technological development, leading to the appearance of economic and social realities that we cannot even dream of. Computer technology and biotechnology will come together to create changes in society that will make the last decades look like slow-paced, in what respects technology development.


2005 ◽  
Vol 23 (1) ◽  
pp. 37-49 ◽  
Author(s):  
Sven Voelpel ◽  
Marius Leibold ◽  
Eden Tekie ◽  
Georg von Krogh

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