Business Strategy with Hirav Shah PRACTICE in PRIVATE and get REWARDED in PUBLIC
What is an Underdog: An underdog is a person who looks insignificant, resource-constrained and vulnerable compared to his larger rival. Like in sports, the audiences tend to cheer for the underdog even while giving them poor odds to win. However, the underdog indeed has advantages which may not be at first obvious from the outside.
Advantages Of Being an Underdog: The biggest advantage is that, the world won’t be able to know what the underdog is capable of, to what extent he can perform and what he is capable of delivering.
Also, an underdog has pretty much nothing to lose. No one blames an underdog when he makes little improvements, even if he doesn’t solve the entire problem. At least he tried, right.
Disadvantages Of Being an Underdog: The underdog’s biggest dilemma or the greatest threat is to become the top dog. Yes.
A lack of funding, lesser consumers, fewer customers, lesser brand value and resources could be the disadvantages. Even the media hype could be lesser, and this could be a disadvantage, at least that’s what most people think.
Examples Of The Most Famous Underdogs in Business and Sports World:
Ratan Tata: Though he remained an underdog all his life, he had certain traits which he converted into superpowers and today the former chairman of Tata Sons is one of the most influential industrialists or we can say one of the most influential people on the planet.
Do you know what is common in between Azim Premji and Ratan Tata—”Working Hard In Private”
Founder and Chairman of Wipro, Azim Premji: He is arguably Asia’s biggest philanthropist but has remained an underdog all his life, without much media coverage, but look at him, he did everything in private without much hue and cry and today he is one of the world’s most influential industrialists and philanthropists.
Rahul Dravid and VVS Laxman: They have always been underdogs, throughout their Cricketing careers. While they got less hype from the media and audiences alike, the followers and fans of cricket were mostly taken by surprise with the end results.
Both Dravid and Laxman made India win in numerous situations, and even in the toughest of times. Best examples of Underdogs indeed were they. And do you know what was common in between Dravid and Laxman—”Practicing in Private”.
- Michael Jordan: When he started out, he wanted to be on the Varsity team so badly that, in private, he worked harder and harder and harder to be recognized as worthy of being in the team, even though he was stuck on the JV squad.
Was he looking for the approval of the coach? Was he looking for fans’ adoration? Who knows… But that kick and that dedication was what helped him move from someone with great natural talents to the greatest basketball legend ever. “Practicing in private, without much noise is the takeaway here”…
Final Thoughts:
Practicing in private might not make perfect. But that perfect practice will get you closer to perfection, so that in the future you are showered with rewards.
Hence, 2023’s Strategy is this–”Practice in private and get rewarded in public, which is The Underdog Advantage”.
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The writer is a well-known Astro Strategist and Business Astrologer
Email: [email protected]
