Monday, July 22, 2013

An expert racer knows when to replace the tyres!

In a chronically leaking boat, energy devoted to changing vessels is more productive than energy devoted to patching leaks
Warren Buffet


Growth and decay are natural and so is change. There is no such thing as one time meal. Similarly there is no such thing as permanent knowledge and skill. You need to verify if what you have now is relevant to time and if it will stand the test of time.
A racer who wins the Formula 1 race should ensure that his vehicle is fit for the race he is going to participate. His car might have won him trophies. But he should know when to replace the tyres, and if necessary, even the car itself! 

We need to ask ourselves these questions periodically:
•    Am I in the right business NOW?
•    Are my knowledge, skill and experience relevant NOW?
•    Should I change my entire line of business NOW?

May be your current business and skill set gave you all your present comfort, wealth and money. But, that is not a sufficient reason to stick on to them when it comes to competing in world which is constantly changing and highly demanding.
Like a successful company continuously re-engineers and launches completely new products to remain in business, you have to redesign your deliverable continuously.
So, change, transform and get ready for a new innings!
N C Sridharan

www.thetimefoundation.com
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