Money or Wealth: Resources Follow Solutions—Effective Solutions Attract Resources

Eeven large amounts of money cannot guarantee success. Perhaps even more important than money are accountability, identifying effective solutions, properly implementing them, and diligent follow-through, while being willing to make adjustments as time goes on. This means you will very often start small and then expand from there—while recognizing this hard truth:  The bigger the initial investment, the more likely it is to fail. 

You see, lack of money is usually a symptom, not the core problem. That doesn’t mean we should ignore the problem, it just means we need to think carefully about how to solve it; hardly ever is it as simple as writing a check! When it is free to do so, capital chases success and flees failure. This means that lack of resources is rarely the cause of the problem and more often simply a signal pointing to a deeper underlying problem. But because it’s the most simple and obvious one, it’s easy to assume that poverty is the cause rather than an effect.

Nineteenth-century economist Frédéric Bastiat wrote about the key difference between money and wealth (or as he calls it, “riches”). He says confounding the two “is the cause of errors and calamities without number.”

For wealth, according to Bastiat, is not “a little more or a little less money.” Instead, it’s “bread for the hungry, clothes for the naked, fuel to warm you, oil to lengthen the day, a career open to your son, a certain portion for your daughter, a day of rest after fatigue … instruction, independence, dignity, confidence, charity … progress and civilization.” Money, therefore, is the store and symbol of wealth, but not wealth itself. (Fr. Ideas & Society).

Digital Transformation

It is said that digital transformation is changing the face of businesses across all industries, everywhere in the world. The pressure to meet the customer where they are, and to deliver delightful and engaging digital experiences is putting pressure on all companies to continue to do better when it comes to understanding their customers, personalising products and services specifically for them.

Digital transformation is being up as a embraced most strongly within the FinTech. Digital banking products like none seen before, designed for the purchasing behaviour of a younger and more digitally savvy generation of future banking customers.

Digital transformation is built on APIs. Providing access to banking products, enriched with customer and market data, to deliver a digital banking experience to everyone. Are you ready for it..?

“Every society has its protectors of status quo and its fraternities of the indifferent who are notorious for sleeping through revolutions. Today, our very survival depends on our ability to stay awake, to adjust to new ideas, to remain vigilant (and) to face the challenge of change.. and be able to defend democracy in the world”.”

En vinnare…

Att bli en vinnare i en polycentrisk värld är den stora uppmaningen idag.

För att lyckas måste du balansera den globala skalan (i en ständig förändrande värld), inneha en förmåga och strategi med en djup förståelse för lokala kunder och marknadens regelverk. Men hur är det med omvärlden…?

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