Business leadership often means twisting the mind to look outside the box.
Cost Reduction. Banks introduce things like debt, credit cards, and interest rates. Banks have systemized the collection of monthly payments and mortgages. However, speaking philosophically about the monetary system is this natural. No. The current currency, banking and financial systems are man-made.
Organizational Change Management
Now, then what does this mean? The point to consider is that the natural state of man is not to translate time into money. However, in our economic society time is money. We pay workers on a time-based schedule. How fast can something get done?
If you were to re-structure the banking system to reduce costs how would you factor in the time element? In other words, think out of the box and construct another viable system that could replace the one we now know.
Would you use seashells as a currency? They did in the past and shell currency was not restricted to only one continent, in fact, they used shells in America, Asia, Africa and Australia. The whole shell was worth more than pieces. The most valuable piece was the cowry.
Please leave a comment and add what type of currency you would use.