What if you could fulfill your transaction benefits (considerations) in various ways, including fiat money? Have you ever wondered what the consequences for your business would be if you could fulfill your benefits in ways other than cash? For instance, let’s say you are a shoe manufacturer. To make shoes, you must purchase raw materials like leather and process them into finished products known as shoes. At this time, if you can pay for raw materials with the finished shoes you made instead of fiat currency, you wouldn’t need to take out a loan with interest from the bank. However, the world’s economic system has limited the standard of value exchange to ‘cash,’ commonly referred to as fiat money. We need to understand precisely why banking is so important to entrepreneurs. This is one of the reasons the industry does not surpass finance. After all, money is among the goods whose value is determined by supply and demand. - Joseph’s “just my thoughts”
We remember Apple founder Steve Jobs as a strong leader with a stubborn streak and charisma, but he also consistently upheld the company's core values as its leader. While developing the iPhone 4, Jobs wanted to incorporate solar charging. Still, Apple's engineers disagreed, arguing that the technology at the time, would make the iPhone thicker than previous models and compromise the company's core value of simplicity. When confronted, Jobs gave up to stand his ground and listened to the engineers. The most important thing about leadership is not charismatic authority, but defining the company's core values and complying with them, even a highest-level officer. It's not a matter of power, but of defining core values and ensuring that everyone in the company has common interests in their meaning and that this understanding is shared internally. - Joseph’s “just my thoughts”