Exploring Elon Musk’s Revolutionary Banking Idea That Went On To Become PayPal – Business News Today – Sat May 19

It is seemingly very interesting to explore how Elon Musk must have gotten the idea to revolutionize the financial industry and hence ended up starting the online platform called PayPal. It was surprising at this point because Elon Musk had very limited knowledge about domains at that point.

Living Example of The Business Paradigms

Elon Musk and the formation of online PayPal platform is a much similar example of the living business paradigms. This example is quoted by Joel Arthur Barker who compares the pliancy and shifting paradigms in this book named ‘discovering the future: business of paradigms’.

The Swiss Quartz Crisis 60’s/70’s Example

This brings us to the famously quoted swizz quartz crisis 60’s/70’s classical example. The business paradigm shift was initiated by the outsiders in this era. This involved talking about several entities as a matter of instance.

The example of the man who found his way back to on a flight of North Carolina, USA in the 1908 year. The fact that the Wright brothers had little to no knowledge about aeronautics at time when they brought a great revolution in the world of aeronautical engineering.

To sum up things, the whole point of this example was to highlight how big inventors and huge revolutionists started off with little to no knowledge at all about what they went on to achieve. This makes the case of Elon Musk much less surprising and more understandable. If it had happened in the past, it could still happen in the future.

Elon Musk and His Intuitive Actions

When we look at Elon Musk and his eventual revolution of the banking and finance industry till the development of PayPal – it is an inspiring story. But let’s put it this way. Elon Musk surely must have had some knowledge about the paradigm pliancy when he worked at it through his intuition. So, by having the basic understanding of the paradigm, Elon Musk must be able to do the following things.

  • He must have had the ability to view and perceive current problems as issues larger than his own being.
  • He must have had the potential to solve many problems with the basic first principles interpretation.
  • He must have had the ability to play with random numbers and numeric in his head. This eventually led to inventive circumstances.
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