New Product Development in Financial Industries

New Product Development in Financial Industries

It is not suitable to apply characteristics used in service industries such as intangibility, simultaneity, heterogeneity, or perishability when analyzing financial products. When considering the property of media, financial products are intangible, although durable. Therefore, financial products ar...

Full description

Bibliographic Details
Main Authors: Hidenori SATO, Takahiro FUJIMOTO
Format: Article
Language:English
Published: Global Business Research Center 2013-04-01
Series:Annals of Business Administrative Science
Subjects:
financial products
property of media
new product development
Online Access:https://www.jstage.jst.go.jp/article/abas/12/2/12_63/_pdf/-char/en
id doaj-4a6905bffb6047ee900e186695236a51
record_format Article
spelling doaj-4a6905bffb6047ee900e186695236a512021-03-21T09:12:47ZengGlobal Business Research CenterAnnals of Business Administrative Science1347-44641347-44562013-04-01122637010.7880/abas.12.63abasNew Product Development in Financial IndustriesHidenori SATO0Takahiro FUJIMOTO1Faculty of Economics, Nagasaki UniversityFaculty of Economics, University of TokyoIt is not suitable to apply characteristics used in service industries such as intangibility, simultaneity, heterogeneity, or perishability when analyzing financial products. When considering the property of media, financial products are intangible, although durable. Therefore, financial products are designed beforehand, and knowledge of product development research is applicable. Further, in financial product development, lead-time reduction and communication are even more critical than tangible products.https://www.jstage.jst.go.jp/article/abas/12/2/12_63/_pdf/-char/enfinancial productsproperty of medianew product development
collection DOAJ
language English
format Article
sources DOAJ
author Hidenori SATO
Takahiro FUJIMOTO
spellingShingle Hidenori SATO
Takahiro FUJIMOTO
New Product Development in Financial Industries
Annals of Business Administrative Science
financial products
property of media
new product development
author_facet Hidenori SATO
Takahiro FUJIMOTO
author_sort Hidenori SATO
title New Product Development in Financial Industries
title_short New Product Development in Financial Industries
title_full New Product Development in Financial Industries
title_fullStr New Product Development in Financial Industries
title_full_unstemmed New Product Development in Financial Industries
title_sort new product development in financial industries
publisher Global Business Research Center
series Annals of Business Administrative Science
issn 1347-4464
1347-4456
publishDate 2013-04-01
description It is not suitable to apply characteristics used in service industries such as intangibility, simultaneity, heterogeneity, or perishability when analyzing financial products. When considering the property of media, financial products are intangible, although durable. Therefore, financial products are designed beforehand, and knowledge of product development research is applicable. Further, in financial product development, lead-time reduction and communication are even more critical than tangible products.
topic financial products
property of media
new product development
url https://www.jstage.jst.go.jp/article/abas/12/2/12_63/_pdf/-char/en
work_keys_str_mv AT hidenorisato newproductdevelopmentinfinancialindustries
AT takahirofujimoto newproductdevelopmentinfinancialindustries
_version_ 1724211056611426304

Similar Items