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Several cultural heritage institutions all around the world have set up special services, trainings, courses or programs focusing on curation of digital material. Digital curation is a multifaceted task with a great variety of responsibilities, preconditions and objectives. For the first time in this field the DigCurV project offers a framework to locate competences and skills related to vocational education and training regarding digital curation processes. Referring to this framework should be a good starting point for differentiated educational activities focusing on special target groups, their educational background, the objectives of the digital curation process, and the material which has to be curated. Based on this, additional frameworks comprising these educational activities can be set up – still referring to the DigCurV framework partially or in total. This will offer the opportunity to compare educational activities regarding content and the results achieved. Beside these efforts regarding content and concepts of digital curation education there is another ongoing challenge: getting people involved and making them eager to curate (their) digital material properly. The curation job is hardly glamorous or much admired. For the most part it is a service-oriented back office activity demanding functionality and perfection. For a long time, specialists will be needed – and will need qualified training – to meet these requirements. Increasing awareness of the need for digital curation by professionals and the public offers opportunities to get digital curation professionals and their skills involved even in everyone’s working environment.
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This thesis examines how financial institutions can address outcomes of the global financial crisis (GFC) such as mistrust of customers and ambitious requirements of regulations such as Basel III. Moreover, the market is facing a dramatic sociocultural change which creates the necessity to realign retail banks’ strategies. It will be outlined why social media is an important trend for the financial sector and which methods can be used to achieve a competitive advantage through customer-centricity. On the one hand the financial sector will be analysed to determine which of Porter’s five forces are shaping it. On the other hand, it will be shown how social media can be used to achieve a competitive advantage. This thesis will find out that social media is an important medium for retail banks to gain back customers’ trust in financial institutions and to focus on the customers’ needs. By engaging customers on social media platforms such as Facebook or Twitter, financial institutions can even create value beyond financial products and increase their innovative drive. Best practice examples of Banks such as CBA, ING Direct, Wells Fargo, and ICICI prove that. The implications are that social media gives customers the power to shape the bank of tomorrow and in turn banks can gain valuable insights into customers’ needs. Financial products and services will make more use of social media platforms and increase customers’ engagement through sharing, commenting and liking.