The Bankwatch

Tracking the evolution of financial institutions

LIFT 07 – banks are handicapped by perceptions

I’m still reflecting on Lee’s (Headshift.com) presentation yesterday.

Quote
Wasting brainpower in large orgs – turning people into idiots
/Quote

He captured how large organisations manage work in a way that contradicts how people think. This makes it hard to absorb new patterns and concepts. A brilliant example of that is Web 2.0, and associated concepts;
- simple
- incremental change
- start small
- focus on core, and build out
& tools;
- blogs
- wikis
- tagging
- feeds
- feed aggregation, clipstreams
- social networks

In aggregate each of the above are powerful, but where to start, and how to explain, is not something that can be accomplished in a single presentation, or conversation.

It requires a new approach, and new thinking that is sustained in the organisation.

Banks don’t have this capability, but the good news, is, I’m sensing the need is becoming more evident.

Written by Colin Henderson

Friday, 9 February 2007 at 05:28