Wednesday, October 10, 2007

Learning No. 2

This one is based around the notion of how same thing can mean different things for the parties involved.

When an entrepreneur closes a deal, it may amount to 25% more revenues for that year or may be it was the first deal he got. For the company it is one of many associations that the company does with other small players. So when a meeting is postponed to tomorrow, the big player has no loss involved but for the entrepreneur it adds one more day to survive with the limited cash he has. The funny part is that the big player does not may be recognize the dynamics involved.

A similar corollary can be made in a much more day to day scenario. When your presswalla or dhobi or maid asks for money you may casually mention that take it next week or tomorrow. This may be because you don’t have change or are not in the mood to fetch your purse. But for her it may mean one more day on the limited ration, one more day delayed in paying school fees of her child.

Let us be careful here.

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