When we operate in silos, we narrow our perspective in ways that can limit, and even destroy, innovation. So where have we seen silos before and what can we learn from them?

In this fascinating conversation with Gillian Tett, award-winning journalist and U.S. Managing Editor of the Financial Times, she explains how silos reversed decades of innovation at Sony, limited innovation in a world-class hospital, and played a key role in the 2007 global financial crisis. Drawing on insights from her bestselling book, The Silo Effect: The Peril of Expertise and the Promise of Breaking Down Barriers, she helps us see the patterns that create these tendencies, and the simple steps we can take to avoid or overcome them.

In this episode you will learn:

what makes smart people do apparently stupid things
how rewards and incentives can reinforce a silo mentality
why success can lead to silo perspectives
steps we can take to overcome mental and organizational silos
the value of an insider-outsider perspective

Also in this interview, Gillian encourages us to recognize how the silos begin erected in the information technology industry have begun to mirror those that led to the 2007 global financial crisis.

She is the other of two other bestselling books, Saving the Sun and Fools Gold.

Episode Links

@GillianTett

Octopus Pots

British Press Awards

Cleveland Clinic

Pierre Bourdieu

Mental Maps

 

Securitizations

Sir Paul Tucker

Paul McCulley

PIMCO

Shadow banking

Zoltan Poszar

Nicolaus Copernicus