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Environmental alignment: An analysis of the performance of the banking industry in the United States
Author(s) -
Lewis Alfred
Publication year - 1992
Publication title -
strategic change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.527
H-Index - 16
eISSN - 1099-1697
pISSN - 1086-1718
DOI - 10.1002/jsc.4240010407
Subject(s) - banking industry , competition (biology) , business , government (linguistics) , product (mathematics) , service (business) , industrial organization , retail banking , commerce , marketing , financial system , ecology , linguistics , philosophy , geometry , mathematics , biology
The environment of the banking industry in the US has evolved from a fairly stable environment to a dynamic and discontinuous environment. Banks not only have to adhere to government regulations, but in addition have to contend with changes in technological advances. Furthermore, banks are also faced with intense competition from non‐bank banks, i.e. those entities that are directly competing with traditional banks in terms of product and service offerings.