Business - Written by Don Tapscott on Friday, June 26, 2009 13:03 - 2 Comments
Applying wikinomic’s principles to risk management
I was recently interviewed on BigThink.com about risk management. In the short video above, I explain why the financial services industry needs more than just an injection of fresh capital and tweaked regulations. We need to rethink the industry from the ground up and apply the principles of wikinomics.
If you are not familiar with BigThink.com, here is how the site describes itself: “Through an ever-expanding platform of knowledge content, including in-depth interviews with the world’s leading experts, Big Think is a vital hub for important information to help you function, and succeed, in a rapidly changing world. In keeping with our belief that crucial information should be freely shared, discussed and debated, we have developed a full menu of tools to engage, disseminate, and subscribe to uniquely powerful content. Whether you use Twitter, Facebook, Digg.com, Delicious, Google Reader, Vimeo, YouTube, a personal blog, Tumblr, or any application with an RSS feed, Big Think allows you to share bright ideas with the wider Big Think audience as well as your personal cadre of lively thinkers-quickly and easily.”
2 Comments
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Coming soon in paperback! Help rename the paperback version of Macrowikinomics and win a one-hour webinar for you and your colleagues with Don Tapscott. Ends 5:00pm ET, August 31.
Hi Don
I just finished reading your book Wikiniomics, I know a bit slow on the uptake, but I really enjoyed it and found it very thought provoking. A part of our business at capitaC here in Australia is consulting to businesses on enterprise risk manegement. Having worked in several of the big services firms, one thing that struck me is that a lot of the information that can help businesses manage risk is horded in the firms and their clients. A lot of this value has been co-created by the consultants with their clients through facilitated workshops and presented back as risk profiles and associated controls and processes.
Whilst reading your book, I suggested to my colleagues that capitaC should be different to the other firms, and rather than sell our own IP to individual clients, we should faciliate the global development and publishing of risk profiles in a wiki environment so that all businesses can collaborate in one “great big” workshop, allowing the leveraging of insights and experiences of others, on a continuous basis. This would bring best business practices to all businesses, in time, helping to lift all to management excellence, and hopefully avoiding further global financial turmoil.My colleagues liked the idea.
So, I was inspired when I found your interview video! Can you tell me if you have had any traction in the business community with your ideas on Wikirisk? I’d be grateful for any insights.
Regards
David