From the monthly archives:

May 2009

I trust my bank – then again, maybe I don’t

05.29.2009

Having made a career in sales and marketing the biggest single competitive advantage I have over the sales people with whom I compete is my trustworthiness and my credibility. Oh, there are other attributes that I believe make me effective in my career, but trust is by far the most important. I work very hard to maintain the trust and confidence of my customers and this hard work has served me well by allowing me to continue in this field where many others have withered.

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when is a note or a coin like a seat on a commercial aircraft?

05.21.2009

I could think of a few cute answers to that question, which surely would not suit this occasion. The relevant answer is that both the seat on the plane and the note/coin, cost someone more than their intrinsic value* to provide for your convenience right when you need it. In other words it is a thing of relatively high value, which we need on demand.

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a song for our times…

05.17.2009

Sometimes you stumble across something so touching or moving or inspirational that you have to pass it along to your neighbor… in this case it came to me from my neighbor… in this case, it is all three – touching, moving and inspirational

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a blast from my blogging past -when is a banknote the same as a tire?

05.11.2009

And the answer is…? When a cash vault is the same as an auto manufacturing plant! OK, Henny Youngman I’m not, but the way I see it is that there is a growing quiet revolution going on in the global cash vault industry. Paper, pencils, note and coin counters spreadsheets, manual GL’s , etc. are being replaced by increasingly complex and pervasive vault management software applications, up-stream and down-stream data integrations, intelligent and multi functional high and mid-speed note and coin sorters and discriminators, auto-generated reporting and datafile transfers and so on.

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making change – two dollars, twenty pesos, 300 renminbi … and swine flu?

05.06.2009

“I got it from my wallet?” – or at least what was in it. According to current research there is some possibility, within a relatively short period of time, that a flu virus could be passed from an infected person to a healthy one via common cash/currency. With the current alerts from the World Health Organization and the commonality of international travel it is no wonder that we have a growing fear that perhaps our money could make us sick.

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economic recovery – the neighborly way!

05.04.2009

Many years ago I worked in the broadcasting industry, spanning media to include both radio and television. A good friend of mine was and is the sole regional source for a smokin’ hot local market retail promotion call the 69 cent dollar. The basic concept is that a group of local retailers sells scrip in the form of a copyright protected scrip ($.069 cent dollar) for which they pay $0.69 but which is worth a full dollar at any participating retailer. In this case a focused marketing effort with creative use of radio, television and/or other guerilla media opportunities. The 69 Cent Dollar promotion is wildly successful in the right kind of market and yet sometimes delivers less benefit than expected in others. There is much science, with liberal doses of marketing voodoo that can be used to define a good target city from a bad one.

Therefore, in the category of “I’ve now almost seen it all” comes a story first passed to me by a mentoring muse and thought-provoking bon-vivant at “big-bank”. Given my past experience I can tell you with some modest amount of confidence that this “promotion” is hardly that and yet has a huge amount of potential for short-term benefit to certain communities that are faced with sector-related economic strife.

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