Vince Cable, former UK Business Secretary, For the November edition of The Loop, we spoke to Sir Vince Cable, former leader of the Liberal Democrats from 2017 to 2019, and former Business Secretary in the UK’s Coalition Government of 2010 to 2015 argues that money in particular was crucial to interdepartmental disagreements, and that a strong presence at the heart of government would be a key factor in encouraging wider collaboration.
For many businesses a key organisational goal is to ensure collaboration between their various teams to improve overall productivity. However, the separate nature of these teams, or silos, in themselves contribute to poor productivity and competitive decline. Leaders often find themselves having to balance the two.
Our opinion this month comes from Shivani Maitra, Partner and Private Sector Leader for Human Capital at Deloitte UK. She argues the impact of siloed structures on organisations is threefold, and in order to overcome these issues businesses must start by shifting their focus away from output to outcomes.