Let’s Learn to Co-exist!!

I remember an old incidence when I was staying in a hostel. On my day one, when I moved into my room, it was occupied by only one person in a 3-seater room. His stuff was lying all over the room.

When I started claiming my space, he became pretty uncomfortable. For once he thought I am causing trouble to him. But after some time, things became smooth. We had similar experience, when our 3rd roommate moved in. But having undergone a similar experience earlier, we handled it better this time and became good roommates and friends. We just had to accept the fact that there is enough space for all 3 of us.

Now, this is what pretty much happening around us. I will discuss a few examples below to make it clear.

First example is the burning issue between Auto drivers and Ola / Uber. If I were to analyse the Transport Infrastructure of Mumbai (I am currently sticking to Mumbai as this is where I practically see things happening), we would realise that all the Transport Infrastructure of Mumbai put together (Local Trains, Metro, Autos, Taxis, Private cars, BEST Buses etc.) still falls short to carry the entire load of Mumbai, especially in the peak hours. This means that there is a definite need for more infrastructures to support the commutation needs of Mumbaikars (and visitors).

However, all these years, Road transport was “dominated” by the Auto drivers. They could choose where they want to go and where they don’t want to go (Although they are not legally allowed to refuse). So they assumed that this space totally belongs to them. All of a sudden, they got swept by these App-based taxi services. They thought that this is injustice as it is going to “Kill” their business.

Honestly speaking, we still have lot of Mumbaikars (including myself), who might choose an Auto rickshaw over an app-based taxi (provided it agrees to come). So, the Auto-rickshaws still have enough on their plate, in spite of some commuters getting served by app-based taxis. But this resistance to co-existence is costing them. The day they go on strike, the app-based taxis get even more business.

So the day they accept co-existence, they will understand, that there is enough business for every transport carrier. App-based taxis are just adding some convenience to the customer and not really “Killing” their business. Competition can just take away their arrogance, not food.

 

Another example is the hot story of Jio Launch. The day Jio was launched, the shares of the competitors tanked. I don’t know if people noticed, that even the shares of the company who owns Jio, also saw a downfall in price.

The wider perception was, now Jio would eat away all the market as it has come up with so many freebies, which competitors may not be able to offer.

Let’s understand this in light of co-existence. Be it Telecom industry, Airline industry or any other industry, there are times when lot of players perceive that this is the booming industry and they enter. After some time, the dust settles, the weak players either quit or are bought by stronger players and consolidation takes place. It is very unlikely that a single player has “all” the market share.

So my take on this is, people have started analysing if Jio could be a better choice for them. At the same time, the competitors are working out to come up with competitive plans so that they can at least retain their customers (if not expand). So not “Everyone” will move to Jio for sure.

Moreover, we have more than 1 billion mobile subscribers in India. The first question is, can Jio (or any telecom player) serve 1 Billion subscribers smoothly??

If your answer is no, then there is definitely a place for co-existence. The weakest players might quit or merge with stronger. And the stronger will prevail. Obviously they will have to come out with innovative strategies to show their strength. So we will be left with some strong players who can co-exist.

Towards Conclusion I want to share a picture with you. This picture is becoming popular in social media. This is a picture of a village called Ranbodi. The people in this village have accepted the co-existence of a tigress and thus, the Tigress also doesn’t harm them back. While this can be one of the very extreme examples, but it gives us some food for thought.

Coexistence.jpg

Human mind assumes supremacy over the territory around him. And when somebody else tries to share the territory, it becomes uncomfortable and starts resisting. We have to train our minds to learn this Principle of coexistence which can resolve many “issues” that are just in the mind.

While our mind is forcing us to make it “You OR Me”, let’s make it accept that it can be “You AND Me”.

Saurabh Profile PicWe look forward to your valuable comments and feedback.

The Author Prof. Saurabh Bajaj (BE, MBA, FRM, CFGP) is CEO with Nidhi Investments, Mumbai. He may be contacted on CEO@nidhiinvestments.com if you have any questions.

(The views mentioned in the article are personal opinion of the author)

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Published by professorbajaj

Prof. Saurabh Bajaj is an Author, Mentor, Motivational Speaker and Wealth Planner. He has done his MBA from Narsee Monjee Institute of Management Studies (NMIMS) Mumbai, one of the top 10 management institutes in India. He holds the prestigious FRM (Financial Risk Manager) degree awarded by Global Association of Risk Professionals (GARP), USA. Till date, there are less than 15,000 professionals in the world, who have been honored with this degree. He has also been awarded CFGP (Chartered Financial Goal Planner) Certification by AAFM (American Academy of Financial Management). After his MBA, he joined J P Morgan, the second largest Investment Bank in the world. He has worked with J P Morgan as Risk Analyst for more than two years. Prof. Bajaj also holds an Advisory certification awarded by AMFI (Association of Mutual Funds of India). During his stint at Bombay Stock Exchange, he has handled Investment Management and Treasury operations of the BSE Corpus. He has set up an entrepreneurship venture in the field of Wealth Planning and Investment Consulting under the name “Nidhi Investments” and holds the profile of CEO. Prof. Bajaj sits on the Expert Panel of CAClubindia.com and MBAClubindia.com as Investment Expert. He is actively involved in investor education through his blog www.professorbajaj.com which has a readership from 78 Countries all over the world. His articles are also regularly published in caclubindia.com , mbaclubindia.com , totalca.com , charteredclub.com, bankbazaar.com and lawyersclubindia.com . He has been awarded the title of “Best Article Writer” from caclubIndia.com in Jan 2012 and has been selected amongst “Top 5 Technical Writers” from all over India in Feb 2013. He has been invited by various TV Channels like SPIN TV, CNBC TV18, UTV Bloomberg Etc for programs like "Expert Advice" , "What Markets Want ", "Budget Analysis" etc. He has been invited by Several organisations like Lions Club, Rotary Club, Agrawal Welfare Foundation, Rajasthan Mandal, Agroha Vikas Trust, Union MF, UTI MF, Arthamitra Gurukulam, Vidyalankar Institute of Technology etc for expert lecture on "Smart Investing", "Life is A Celebration", "Financial Freedom", "The Digital IFA" etc. He was ranked 8th Merit at All India level NMAT which got him selected for MBA programme at NMIMS, Mumbai. He did his MBA with Capital Markets as his specialisation. Soft Skills has become an inevitable part of every selection process and teaching learning process these days. The students from small towns and tier II cities, in spite of being talented and well equipped with technical skills, are seen struggling in the selection process. This is because of their lack of exposure to these soft skills. Mr. Bajaj has a zeal for training candidates to develop these skills and has been imparting the same on since last two years. This zeal and passion inspired him to set up his own firm called “Knowledge Circle” which aims to train candidates for soft skills. Till date, he has trained more than 5000 participants from over 220 organizations across various fields of soft skills. He has been associated with MSBTE (Maharashtra State Board of Technical Education) to conduct Soft skills training workshop for the faculties of Polytechnic Colleges in Entire Maharashtra (Mumbai Region, Pune Region, Aurangabad Region and Nagpur Region) since last 8 years. He has also been associated with ICAI (Institute of Chartered Accountants of India) for training CA Students on various topics related to Communications skills, Group Discussions etc. He was invited by Fr. Agnel Polytechnic College, Vashi for a motivational workshop for faculties. He was also invited by Vivekanad Polytechnic College for "Communication Skills and Email Etiquette" training for non-teaching staff. Apart from these, he has conducted “Capacity Building Soft Skills workshop for Faculties” at ITI Gunj, ITI Pusad, ITI Digras and ITI Umarkhed. This was the first ever soft skills workshop for faculties in the history of ITI’s in Vidarbha. He was also invited by Shivaji Education Society to conduct similar Soft skills workshops for the faculties and office staff of Shivaji Junior College Pusad, Shivaji High School Pusad, Shivaji Vidyalaya Belora and Shivaji Vidyalaya Bhojla. He has conducted training workshop on “Effective Presentation Skills” for the relationship managers of HDFC Mutual Fund, Andheri Branch, Mumbai. He has also been invited at College of Management and Computer Science, Yavatmal, College of Dairy Technology, Warud, B N College of Engineering, Pusad, B D College of Engineering, Wardha, College of Engineering and Technology, Akola, Dr.N.P.Hirani Institute of Polytechnic, Pusad etc. for the Guest lecture on “Developing Interview Skills”.

8 thoughts on “Let’s Learn to Co-exist!!

  1. Saursbhji very good article as this one open up our mindset towards our profession or business where ever we are and openess of mind gives better transformation in our routine to achieve new high. As you said It’s always better ‘you and me’ than ‘you or me’ by which weaker will automatically perished.

    1. Thanks Sir.

      Yes , we all have to be strong and ready to face competition.

      We need not try to kill the competition , nor think that competition will kill us.

      We and our competitors can coexist.

      Thanks again for your visit and feedback.

      Looking forward to more in future.

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