Asset management firms have been hiring new innovation teams. But rather than adopt a head-on approach to change which may prompt resistance, we advocate a Kaizen approach that begins with smaller, measurable, and more gradual improvements.
Speculation is increasing about Google’s ambitions in the asset management space. In this article, Eric Rovick argues that the real threat is not Google’s technology, but its culture and a willingness to focus on process and behavior. Today’s asset managers would do well to learn from this approach as more new entrants enter the market.