Umair Haque / Bubblegeneration
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Design principles for 21st century companies, markets, and economies. Foreword by Gary Hamel. Coming January 4th. Pre-order at Amazon.


 
Wednesday, September 19, 2007

Playing With Fire


Read this nice Guardian piece about Northern Rock, the credit crunch, and it's management.

The point is simple: harnessing markets, networks, and communities can lead to explosively powerful outcomes. But it can also lead to explosively powerful declines.

Players who are employing edge strategies - like Northern Rock was, sourcing funds from the markets, rather than from depositors - must have new DNA, to deal with the volatility and turbulence of markets, networks, and communities. They can't be managed...like Northern Rock was.

-- umair // 10:55 AM // 0 comments


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