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Episode 59: Breaking Down Silos between Finance and Operations

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Sinopsis

Episode 59: Breaking Down Silos between Finance and Operations  Guest: Amyn Dhamani Specialized functions – or “Silos” – evolve in companies for a very good reason. It’s simply more efficient to clearly partition all the work that needs to be done, so that everyone knows what is expected of them without having to spend a ton of time coordinating and communicating. Imagine a soccer team where no-one has a clear responsibility, and everyone is BOTH a striker and a defender: this team is unlikely to prevail against one of equivalent skill whose players adopt more traditional roles. All good things have limitations though, including specialization. Imagine a soccer team in which some players refuse to pass the ball to their teammates, perhaps because they do not trust their skills, or their commitment. This is clearly not a winning strategy either and a good coach invests heavily in trust-building and camaraderie to improve teamwork. The same thing applies in companies. As companies grow it naturally becomes