I’m sure you heard about what happend to French Bank Societe Generale who lost 5 billions euros because of one of its traders. Many question came about the efficiency of the controls which failed. I even read blogs saying that, considering it was a matter of control, of visibility, of trust, enterprise 2.0 would have been the solution to avoid such problems. Stupid !

Enterprise 2.0 (especially software) would not have helped in any way. On the other hand, something in the 2.0 philosophy would have been useful : management 2.0. In my opinion, what brought Société Générale to such a disaster is not a question of control or software, it was caused by the same things that prevent people from getting involved in collaborative and social dynamics : lack of communication between silos that make people face contradictory messages. [Read more...]