When Finance Becomes Self
Silicon Valley Blogger, SVB for quick, is one of our 5 Cash Grows on Hubs judges, and is the blogger behind The Digerati Life – a largely Private Finance-oriented weblog which combines posts on cash, organization, technology, and SVB’s entrepreneurial endeavors.
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Placing aside their egos, The Wells Fargo team pulled the plug on the vast majority of its international operations, accepting the truth that it could not be much better than Citicorp in international banking. Wells Fargo then turned its focus to what it could be the best in the globe at: running a bank like a business, with a focus on the western United States. That is it. That was the essence of the Hedgehog Concept that turned Wells Fargo from a mediocre Citicorp wanna- be to one of the very best-performing banks in the planet.