Saturday, September 12, 2009

Lessons from One Day Cricket

Lessons from One Day Cricket

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Situation A


Team A had to score 300 runs in 50 overs. The opening batsmen were


overcautious. They were waiting for“perfect” loose balls to score a


boundary. They also felt that as there was a good “middle order” down


the line, there was no need to worry.


At the end of 25th over, 190 runs were needed in 25 overs.


Two wickets had fallen. Pressure was mounting on the middle


order batsmen as the "asking rate" was scaling new peaks.


Situation B


Team B had to score 305 runs in 50 overs. The opening


batsmen had a clear game plan. The batsmen will rotate the


strike and will put runs on the board from the word “GO”.


They will contribute their bit without pushing the


responsibility to “middle order”.


At the end of 25th over, 140 runs were needed.


Two wickets had fallen. As the "asking rate" was kept under


control, the middle order batsmen were quite cool



Which team would have won the game quite comfortably?


Obviously Team B.



What was the “key” to the Success ?


"PACE THE INNINGS"


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Arun, an electronics and Communications Engineer, aged 23, had just joined a Multinational Company. He had decided to “pick” the lessons from “One Day Cricket”. He had decided to “pace” the savings (read “investing”) from the day “ONE”, instead of pushing it to the Middle age, so that there will not be an “undue” pressure, at a later stage.

He had a two pronged approach. He had taken a “Term Assurance”, the lowest cost Insurance, in the interest of his family, with a 30 year term. He had also taken a “Personal Pension Plan” with a deferment period of 30 years. Having addressed two basic risks of life (“dieing too young” wherein the family suffers due to loss of breadwinner’s income and “living too long” wherein the family feels the burden due to cost of healthcare in the non-earning phase), Arun had the “peace of mind” to enjoy the life.

-An illustration

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THINK!


ACT!


NOW......

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