Hats off to Prof. Eshwar who could relate any MBA funda to life and tried to teach us the same in the operations management classes. I found my analogy for operations management in life from one of the financial world's most important formula.
Its impossible to rationalise feelings and quantify relationship value. However I do feel the ROI (Return on Investment) can really give us a fair unbiased qualitative analysis.
ROI ∝ E1 x E2 x E3
E1 = Emotion; E2 = Esteem; E3 = Energy
It takes time to break even, however in the long run, the ROI should rather be positive. If any one of the E'd take a beating and goes negative, ROI will go down and then its not a project worth investing into. Time ofcourse is irrelevant here.
Some Hypothesis that is! But true if you spare a thought and analyse it.
Food for thought, aint it?
What if 2 of the 3 E's is -ve? The answer would be positive as per your formula, but will it really be +ve? I guess not. So your formula is wrong based on this simple mathematics.
ReplyDeleteAs for Prof Eshwar goes, well he is one of the worst teachers I have ever had; in fact I shouldn't even be calling him a teacher.
So it is obvious that the formula has to be wrong; and it is as I just proved.
@ UW - Its qualitative not quantitative! Thats what i said, its not mathematics! So rules of integer multiplication do not apply!
ReplyDeleteQualitative things don't have equations
ReplyDelete@ UW - its not an equation, its a ratio and proportion. Will become an equation only wen the 'proportional to' is replaced by a ' = k (constant) * something'
ReplyDelete∝ means k*. That's how equations are formed :)
ReplyDeleteAnd E1 x E2 x E3 imply the same.
So it turns out to be an equation
@UW - paper pen leke aaio, samjhaungi, tere funde gol hai :P
ReplyDeleteLet me know the time and venue and I will be there :P
ReplyDeleteYou forgot to divide it by time :D
ReplyDelete