Business to the Buddha

Tag: Austerity

  • Options, analysis and decisions







    I have been analyzing buying a house vs living on rent and buying a four wheeler vs riding a cab. This is not a new comparison and analysis for me. Most of the time, answers to these two were – buy a house and rent a car or use a cab service.

    How did I arrive at these conclusions? Of course after some calculations and considering options. The question is – what was the measure on which I measured these things to come up with some conclusion? The measure was “utility”. In economics utility means resultant benefit achieved from something (usage or consumption of product or service). When you eat Idly on road side @20 INR and when the same idly plate is served to you in a better place it could by @60 INR. We may argue about taste, hygiene etc of idly from 20INR to 60INR. When one moves from basic utility to additional utilities we measure that in terms of marginal utility. Marginal utility, is the incremental benefit one gets from consumption or usage of an offering.

    We can continue from our situation of buying a four wheeler. The first question one may have is – which car – SUV, Sedan, Hatchback. Once that is decided which company which brand and what amenities such as AC, power window and music system etc. There are obviously many more questions in making a decision. The other option is hiring a local taxi or app based service. After all this analysis – what one gets is drop from point A to point B. At times pain of parking – if it is owned car or self driving. The drop from A to B is utility in this case. Marginal utility is – can you play music of your choice while driving or is the vehicle air conditioned during the trip. In the bargain of ability to play music and air conditioning you need to pay extra. This extra amount vs the additional benefit you get defined marginal utility.

    Many of our life decisions are made emotionally and justified rationally. I analyzed a lot with a decision of buying a house and renting a car. Currently, I live in a rented house and drive a car. How often do we take decision by listening to our heart and mind? Is there a rational justification to our decision? Why do we take such decision? When we have to really take a plunge with faith, we falter. When we have to take a decision with full analysis we do the opposite!

    Give it a thought – Mahavir and Buddha – both were from warrior families and were to be the kings. Why did they renounce everything, how on earth they both might have taken such step? Had they both done enough analysis possibly both had stayed back. I know more about the Buddha so can think of an incident, when he was following extreme austerity such that he could had died of hunger, he decided to eat. In short term his five best friends went away saying he has left the path. But the Buddha was right, austerity and self affliction may not necessarily help. He said to himself, if I die of hunger I wont be able to achieve what I strive for.

    In my analytics practice one of my senior’s Eron Kar used to say – “If you torture data enough it will confess to the story you want it to narrate.” Always it is not right to over analyze, at times leaders need to take a leap of faith and decide.

    Prof Mankad told me once – “Pravin, when you become a leader, sitting in the 76th floor of your corporate office when you have to make a tough choice do one thing. Leave aside all the papers and analysis. Walk toward the window. Take out a coin from your pocket, toss it and you will have the decision.” Dr Mankad continued “Pravin, sometimes you should stop over analyzing.” I need to learn a lot to do that one I have to become that big a decision maker of a company and two stopping the urge to analyze everything, I still analyze a lot!

    Image source – http://novalo.com/flat-fee-self-employed/

  • Bit of commitment, that’s it!







    For a month I was in a kind of self imposed exile from blogging. I had ideas to write yet as a couple of people earlier suggested, I wont be able to continue blogging with time. I think their ideas ‘kind-of-caught-up’. It is my 100th blog so I was thinking about writing something special and thus waited to write a necklace (blog) having different blogs (as its beads and thread) in the 100th blog.  I’m keeping my idea of connecting my previous blogs in a necklace for future and writing on commitment. It only require small commitment and consistency to do something e.g. blogging.

    Yesterday evening, I was travelling from Nasik to Mumbai. I took a bus and therefore I had a chance to see farm lands, small villages and small water ponds on either side of road. During rainy season we see – at times – naturally created water ponds. It is surprising that in the summers we see acute water shortage. I was wondering about it. Simultaneously, my sister was reading a blog post of Sri Sri Ravi Shankar (Guruji) – Knowledge sheet. Here I am thinking about water-shed project concept and listening to my sister reading – austerity, what Guruji say – “…Austerity is often mistaken to be poverty, self-denial. It is neither. Austerity comes out of maturity. It is a sign of social health.

    Often people who practice austerity are resentful of richness. This is a very pitiable state. Such austerity is not born out of maturity but out of compulsion. The true austerity has tolerance for richness and is never resentful…”

    I see two connections here in my thoughts – commitment and austerity. The “austerity measures” being talked for a long time are not based on “social health” and therefore are opposed – because there would be a handful of people losing their “facilities” for doing service for the society. This austerity has come from compulsion. Isn’t it? There is lake of commitment in the actions of austerity.

    It was true in my not blogging too that I waited to write a very special blog on connecting all dots of my previous thoughts in the line of the concept of my blogging. We observe lack of commitment is the case in water-shed also. I remember my days as a kid in Dhar (MP). There I have faced water shortage problem and I personally used to travel long distance to bring water in summers. When we shifted to Indore I suggested few officials for rainwater harvesting, they did it. In the building where my parents live now, they have done rain water harvesting and that is not rocket science. I was wondering why we all are not doing it? We can fight and die for water but taking a small step is not possible. Why? because it requires “a-bit-of-commitment”.

    I have lost hopes from politicians and therefore not writing about that. Dhar where I used to live as a kid, had a king – King Bhoj – about 1000 years ago. He – unlike our politicians – knew the problem and worked to solve it. There used to be 12 lakes in Dhar, these lakes were connected, water overflow from one would end up collected in another and so on. We – as an Independent Indian – are fighting for “NOT CONNECTING RIVERS”, because it requires a bit of commitment. With Team Anna coming in the front I see a ray of hope that things would fall in place.

    What it requires is a commitment? Take one project complete it, whatever constraints are there resolve them. Next time I would write about commitment and theory of constraints.

  • Inner revolution







    Recently heard that UK has declared recession, Spain and Italy has done so earlier, Greece has once voted against the austerity measures and Sarkozy is no more French president – which is a dent on austerity measures of Eurozone. This is the story of Euro! USA employment numbers are not that encouraging, employment should be about 250,000/month however last time I noted it was 150,000 or so. China showed reduced production and Indian GDP is down.

    The picture looks gloomy, however have you seen importance of stars during full moon?  No! The importance and glitter of stars is prominent during darkest of nights. I believe this tough economic time is hinting of such nights when we would realize the importance of small things which impact us in big way. Take an example corruption! Take an example Greed! Though it seems a lesson on moral science but what else we are saying when we talk about the “Moral Hazard” as the biggest reason of recession and financial turmoil! In Indian context we need to work on reducing corruption (byproduct of greed) which is the biggest moral hazard here. In Europe and US Greed is the problem.

    I asked myself – are we going to see a revolution in the world? This revolution I believe would be on a tangent – it would not only happen in the society, not only by the society but also it would happen on the self! We have seen societies changing, cultures evolving  however these changes die down slowly and moral hazard starts again.

    Guruji

    I was attending an Art of Living (with Guruji :)) session today and the idea of ‘inner revolution’ stuck to me at that time. This makes a perfect sense – if everyone becomes righteous, we would not need to change the society, it would change itself.

    We need to get ready for inner revolution and help change the world for better today and tomorrow! Remember this would start from each one of us.