Management Studies in Development and Evolution

The model of banks' alliance with various industry actors in order to improve the exploration and exploitation ability

Document Type : Research Paper

Authors

Maryam Khalilzadeh Salmasi 1
Payam Hanafizadeh 2
Soroush Ghazinoori 3

1 Ph.D Student in Information Technology Management, Faculty of Management and Accounting, Allameh Tabataba’i University, Tehran, Iran

2 Professor, Department of Industrial Management, Faculty of Management and Accounting, Allameh Tabataba’i University, Tehran, Iran

3 Associate Professor, Department of Technology and Entrepreneurship Management, Faculty of Management and Accounting, Allameh Tabataba’i University, Tehran, Iran

https://doi.org/10.22054/jmsd.2024.78329.4447
Abstract
Digital transformation requires banks to move towards exploring new opportunities in addition to exploiting existing facilities. Therefore, banks seek to create organizational ambidexterity by forming alliances with organizations from different industries. The purpose of this article is to answer what type of alliance banks can form with different actors to lead to organizational ambidexterity. For this purpose, the initial conceptual model was formed by synthesizing the ambidexterity, the industrial similarity and the tie strength theories. Then, the code co-occurrence matrix was extracted from the content analysis of 115 empirical articles of alliance in the banking industry. The co-occurrence matrix was used to customize the conceptual model for banking industry in order to propose the type of alliance of the bank with other actors. The conceptual model shows that any type of alliance, based on industrial similarity of the actors with the banking industry, realizes some factors of exploration and exploitation in the form of trade-offs. Therefore, the decision to determine the appropriate type of alliance should be made according to the priority of exploration and exploitation factors based on industrial similarity of actors.

Keywords

Alliance
Ambidexterity
Industrial similarity
Theorizing
Digital transformation
Banking industry
Subjects
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Management Studies in Development and Evolution
Volume 33, Issue 112
Summer 2024
Pages 103-142

  • Receive Date 17 February 2024
  • Accept Date 05 May 2024

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