Competition and Strategy in Asset Management Industry

This report provides a comprehensive analysis of the North American Asset Management industry, examining its historical development, competitive landscape, and the impact of regulatory changes and market disruptions. It investigates the industry's formation, the strategies employed by firms, and the rise of new industry leaders. The report includes a thorough literature review on competition and competitive strategies, and presents findings from a survey of industry practitioners. Key recommendations are developed, including strategies for cost reduction, focused differentiation, mergers and acquisitions, and offensive and defensive strategic moves, aimed at improving profitability and market position, particularly for second or last movers within the industry. The report also delves into the disruptive changes the industry has been undergoing since 2008 and their effects on the rise of new industry leaders and the strategies that can be leveraged to compete in the new environment.