Component business modeling: Financial services firms prepare for an on demand world

The tech revolution of the 1990s forever altered the competitive landscape for financial services companies. Today's interconnected firms face a business environment that challenges them on multiple levels -- one where organisational structures and strategic alliances constantly shift in response to rapid-fire marketplace changes.

How can industry players best adapt to this emerging reality? Successful firms will challenge their process-centric assumptions with a new set of business transformation tools. Enter component business modelling.

Component business modelling (CBM) simplifies the way firms look at their operations. It extracts executives from the process 'rut' and helps them get at the real sources of value that drive their firms. With CBM, executives can identify the unique, standalone building blocks that comprise the overall company. Viewing business activities as autonomously managed components helps decision-makers cut through the historical boundaries that build up along organisational, product, channel, customer, geographical and informational lines.