Man o'war

The Bank of The Future is a Man O’War

Many of the earth’s most enduring organisms from ants to bees encourage specialisation. Likewise, the successful bank of the future will incorporate composite specialists into their superorganism rather than trying to compete on all levels. This approach will not only optimise survival for legacy organisations but will create an ecosystem that caters to changing customer demands. This combination of specialism and diversity applies not to only the most successful organisms, but also to the most successful organisations.

Dropping Coconuts: Letting Go

This week’s #thursdaythought is about letting go of assets before they have run their course. It is inspired by the latest episode of The Innovation Show with the author of “Quit” by Annie Duke. Serendipitously it is also influenced by Rita McGrath, who joined us in person this week in Dublin.

Coconut Trap

Clinging to Coconuts: Know When To Fold ‘Em

Like the monkey holding the fruit, many of us cling to the past with clenched fists. We clutch to painful memories, we hold grudges, and we harbour what-ifs. We defend successes, mental models and the personas we have worked hard to develop. When we dwell on the past, we use up valuable energy that we could use to create our future.

Indiana Jones Grabs Hat just in time

Forest Fires, Fire Walls, Limited Time Frames

Organisations, like individuals, need a forest fire every so often, otherwise the deadwood piles up and latent potential remains trapped. When we burn off the deadwood in the form of legacy products, dying business (and mental) models and employee turnover, we create space for new growth and the saplings of change. In today’s business world of rapid change, we need to be in charge of the forest fire and control the burn before it runs amok.

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