Starve the beast

One of the key statements that have put the spanish banking corporations ahead in Europe and in the world in efficiency and results is the one on "Starve the beast". Although its initial proposition of the term was intended to reduce the budgets of social spending fund by the government, it has succeded when applied to "beasts" as the huge operation costs like a bank has.
In Spain technology has been very reluctant in taking the place it has in the most part of the countries like it, but in the banking business it is the responsible of the good performance they have. Technology (and innovation) has been taken to the arena and become one of the issues in competition. It is Spain one of the more innovators in banking products of the Euro area and also an early technology adopter. It is sure that the passivity of the spanish consumer in the present service charges structure has something to do with it, but also the early realization that only reducing the greatests part of the costs associated with the day to day operation of the bank (the beast) would take them to improve its returns has. This is one of the objectives of the introduction of technology in the banking business. And it has indeed achieved it. At present spanish banking corporates are the second in efficiency in the EU. Maybe we have to do business as the banks and start to starve the beasts all the industries have in their every day operation.