A biology lesson for bankers
Stumble It!Thanks to Jo Jordan for pointing out research on how biological systems such as the animal kingdom or the environment can offer lessons on how we might have predicted and controlled the behaviour of bankers and thus avoided the financial panic that has rocked our financial system to their core.
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"There is common ground in analysing financial systems and ecosystems, especially in the need to identify conditions that dispose a system to be knocked from seeming stability into another, less happy state".
Read the original Nature Paper
Ecology for bankers in Nature Vol 451|21 February 2008
Read the Financial Times Article:
A lesson for bankers from the birds and the bees
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Bioteams Books Reviews
Business networks are biological
Networks competing with networks is the future for supply chains. Harvard Professor Marco Iansiti in his book "The Keystone Advantage: What the New Dynamics of Business Ecosystems Mean for Strategy, Innovation and Sustainability" predicts that the future business competition will not be between companies or even supply chains but between networks.
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