Instructions for the pefect online community strategy review:
First read recent Economist piece titled ‘Facebook for suits’.
Then consider the risks involved in setting up an online community (many will fail).
Finally, reflect on why community/social networking sites are missing their mark (mark to market, pun intended).
AIG’s complexity blamed for fall: “The complexity and international spread of AIG’s operations impeded regulatory oversight of the derivatives unit that helped bring down the insurer, according to former executives, analysts and regulators.” (FT report)
Hmm, complexity? Maybe they should have invested in a product such as Datawatch’s Monarch software which is designed to transform report output files and other data sources into live data on your PC. Currently it is used by around 500,000 professionals worldwide and now on its 9th version.