Tuesday, August 11, 2009

Where human weaknesses provide business opportunities

As per Indian philosophy, there are five doshas or weaknesses which mind can fall prey to-
  • Moha (delusion)
  • Kama (lust)
  • Krodha (anger)
  • Matsarya (envy) and
  • Lobha (greed)

I realize that there are some business models which actually thrive on these fundamental weaknesses.

Moha - expensive art works sold at exorbitant prices;
Kama- Pornography, prostitution, a certain line of cinema for entertainment industry, certain kind of journalism that is gradually gaining vogue; dance bars etc
Matsarya- Luxury goods where an individual rests on the material to define his/her identity; can be jewellery for some, watches for some others;
Lobha- Individuals who enter into any commercial act with an attitude of gambling;

Thus if we look at it intently we realize that several of our businesses actually exist because human beings are imperfect on several lines. Its the human weakness that creates economic value for the society. Which surely implies that one kind of growth (economic terms) is causing damage in human terms which probably no existing system is really too keen to evaluate or is concerned about.

2 comments:

ketu said...

hey there are 6. u missed one i.e. Mada (arrogance or egotism self -righteousness)

Ujjwal said...

Completely agree. Thanks for sharing this :)