Readers Choice

Navigating the Unknown: Leadership in an Era of Uncertainty

-
Image
 Leading through the mists of uncertainty can feel formidable; yet, it unveils a chance to display resilience, adaptability, and visionary leadership. Here are a tapestry of strategies to amplify your prowess in traversing unpredictable realms: Embrace Flexibility and Adaptability Stay Agile: Nurture a malleable work atmosphere that empowers teams to swiftly shift and respond to emerging insights and changing tides. Iterative Planning: Break down long-term visions into smaller, manageable milestones that can be recalibrated as needed, allowing for continual reassessment and evolution. Communicate Transparently Honest Updates: Keep your team apprised of the current landscape, even when the news is less than favorable. Transparency begets trust and ensures collective alignment. Open Dialogue: Foster a space where team members feel emboldened to express their concerns and ideas, enriching insights and uplifting morale. Focus on What You Can Control Identify Priorities: Direct your ene...
Post a Comment

Sweden 'fast becoming world’s first cashless society’

-
There is less than 80 billion Swedish crowns currently in circulation (around £6 billion)

Sweden is fast becoming the world’s first cashless society due to the growing use of a new mobile payment system.
According to a new study from Stockholm’s KTH Royal Institute of Technology, there is currently less than 80 billion Swedish crowns in circulation (around £6 billion), which is a sharp decline from the six years ago, when there was SEK106 billion in circulation.
Niklas Arvidsson, an industrial and management researcher at the institution and the author of the study, said that while cash is an important means of payment in other countries, but that Sweden’s use of cash is small, “and it is decreasing rapidly”.
The move towards a cashless society has come from the prevalent use of a mobile payment system called Swish, which is a direct payment app that is used for transactions between individuals in real-time.
The app was created through the collaboration of Bankgiro and Sweden’s national bank, Riksbanken, and follows a strong technology trend in financial services in Sweden, where some banks already have completely digitised branches that do not accept cash.
Is a cashless society really on the cards?

Arvidsson said Swedish consumers have a “tradition of welcoming electronic payment services,” and added that of the SEK 80 billion in cash circulation, he believes “only somewhere between 40 and 60 per cent is actually in regular circulation”. The rest is understood to be held in deposit boxes and people’s homes, or is being used in the underground economy.
The study also found that a crackdown on money laundering and organised terror has helped to boost the move towards a cashless society.
Arvidsson warned there are parts of the population that will need to be helped along the way if Sweden is to become completely cashless however, which includes people not used to computers or mobile phones, many of which are older people living in rural areas, while the homeless and undocumented immigrants will be greatly impacted and reliant on Government aid.

Comments

Post a Comment

Popular posts from this blog

Navigating the Unknown: Leadership in an Era of Uncertainty

-
Image
 Leading through the mists of uncertainty can feel formidable; yet, it unveils a chance to display resilience, adaptability, and visionary leadership. Here are a tapestry of strategies to amplify your prowess in traversing unpredictable realms: Embrace Flexibility and Adaptability Stay Agile: Nurture a malleable work atmosphere that empowers teams to swiftly shift and respond to emerging insights and changing tides. Iterative Planning: Break down long-term visions into smaller, manageable milestones that can be recalibrated as needed, allowing for continual reassessment and evolution. Communicate Transparently Honest Updates: Keep your team apprised of the current landscape, even when the news is less than favorable. Transparency begets trust and ensures collective alignment. Open Dialogue: Foster a space where team members feel emboldened to express their concerns and ideas, enriching insights and uplifting morale. Focus on What You Can Control Identify Priorities: Direct your ene...
Read more

Overcoming Workaholism

-
  Overcoming Workaholism: A Strategic Approach Workaholism, characterized by an excessive preoccupation with work, can negatively impact personal well-being and relationships. To break free from this cycle, consider implementing the following strategies: Prioritize Effectively: Differentiate between urgent and non-urgent tasks. Employ time management techniques, such as the Eisenhower Matrix, to focus on high-priority activities. Manage Time Wisely: While deadlines are important, avoid procrastination. Set realistic timelines and consider negotiating deadlines when necessary. Prioritize Rest and Recovery: Adequate rest and recovery are essential for optimal performance. Schedule regular breaks, vacations, and engage in activities that promote relaxation. Identify and Modify Toxic Behaviors: Self-awareness is crucial. Recognize habits that contribute to overwork, such as perfectionism or excessive multitasking. Develop strategies to modify these behaviors. Establish Healthy...
Read more

"When an Unfavored Colleague Ascends to Leadership"

-
Image
  Here are some tips to make your professional interactions with your boss even smoother: 1. Maintain a Formal Tone Avoid using overly casual language or expressions, even if you have a friendly relationship outside of work. Use proper titles and salutations in your communications. 2. Be Punctual and Organized Arrive on time for meetings and deadlines. Be prepared for meetings with an agenda and necessary materials. Keep your work organized and easily accessible. 3. Communicate Effectively Be clear and concise in your communication. Avoid using jargon or technical terms that your boss may not understand. Follow up on important conversations with an email summary. 4. Be a Team Player Be willing to collaborate with others and contribute to the team's goals. Avoid conflict and be respectful of other team members. 5. Show Initiative and Take Responsibility Take on new challenges and responsibilities. Be proactive and take the lead on projects when appropriate. Own your mistakes and le...
Read more