The Danger of Silos
Expertise in any business would seem to be a good thing, unless it leads to 'silos' - cliques, groups and tribes that can get in the way of good business practice
Expertise in any business would seem to be a good thing. But when it leads to barriers to sharing information - so called 'silos' - it can in fact represent a huge risk. So says Gillian Tett, author of a new book on the subject -The Silo Effect:The Peril of Expertise and the Promise of Breaking Down Barriers.
Gillian argues that many of the business crises of the past ten years can be explained via silos in business sectors such as banking. She is joined by Karl Ludvigesen former Vice President of Ford Europe and by Alvin Hall the world renowned financial adviser; he says that no matter what you do, people will always get together into groups or 'tribes' in corporations often refusing to share skills and knowledge because it's human nature to do so. But is he right?
And we have an exclusive interview with the former Deputy Governor of the Bank of England Sir Paul Tucker, on what part silos had to play in the 2008 global financial crisis, when he was at the bank. Presented by Ed Butler.
(Photo: An employee views trading screens. Credit: Carl Court/Getty Images)
Last on
More episodes
Previous
Next
Broadcasts
- Sat 24 Oct 2015 07:32GMTΒι¶ΉΤΌΕΔ World Service except Europe and the Middle East
- Sun 25 Oct 2015 02:32GMTΒι¶ΉΤΌΕΔ World Service except East and Southern Africa & West and Central Africa
- Sun 25 Oct 2015 03:32GMTΒι¶ΉΤΌΕΔ World Service East and Southern Africa & West and Central Africa only
- Sun 25 Oct 2015 14:32GMTΒι¶ΉΤΌΕΔ World Service except East and Southern Africa & West and Central Africa
- Sun 25 Oct 2015 20:32GMTΒι¶ΉΤΌΕΔ World Service East and Southern Africa
- Sun 25 Oct 2015 23:32GMTΒι¶ΉΤΌΕΔ World Service except East and Southern Africa
In The Balance Podcast
Sign up to receive every programme automatically
Podcast
-
In the Balance
The biggest financial stories and why they matter to us all.