Category Archives: General

Emotional Intelligence

Hello everyone,

 

So, the past few articles have been pretty intense and quite subject based which is why I thought that I’ll share something lighter in this blog.

 

Recently, I undertook a course called ‘Live Life’ which enumerates about a very unique subject called emotional intelligence. Many of you may have heard of IQ or intelligence quotient but many of you may not know much in depth about EQ or emotional quotient. It’s a fact that an intelligent person would underperform in an examination if he’s not up for it and a less intelligent person would do really well  if his mindset is correct at the time of the exam. So we can safely conclude that your ‘mindset’ or emotions controls drives or controls the other functions of the brain like memory, reasoning etc. emotional Intelligence refers to the art of taking control of your own emotions knowing your state of mind in any given situation. In this course I was taught about emotional intelligence and all the strings attached to it.

The course was divided into four parts:

  1. Personal competence: This was one of the most important sections of the course because your personal train of thought and overriding personality is what stimulates emotions and very often simple concepts such as self-esteem, self-awareness and motivation play a huge role in determining a person’s state of mind. I was introduced to the topics with greater depth to give me a better idea of what exactly happens in different situations. Here, various psychological theories came into the picture: Sigmund Freud’s iceberg model, perception management and transactional analysis. Through this I could understand how people’s perceptions varied with emotions and under different ego states how people transacted or communicated.
  2. Career skills: This brushed up on some much needed interview skills and work ethics. Career skills focused on the fine line between emotional intelligence and social skills and on decision making. Methods such as Maslow’s triangle and six thinking hats were introduced to theoretically explain how career skills work and can be enhanced.
  3. Social skills: Body language, expressions play a huge role while interacting with other people and how it plays out on their emotional states. Also, social media and peer influence can take a toll on people’s mindset and thinking. These concepts were addressed in this section and a difference was drawn between healthy usages of social media to harmful ones.
  4. Financial literacy: Every teenager needs to understand and know the financial set up of his/her country. The banking system, investments and taxes are among the most fundamental concepts a person must know. So, this was added as part of the course to help teenagers understand basic financial concepts.

This was all that was taught in the course and it touched up on psychology, economics, and human resources. To sum it all up in one quote: “By thinking about thinking, you can think and act wisely”

 

Signing off………Akarsh B Vasisht

 

MY BIG IDEA

5th November 2016

 

Bangalore, India

 

Ola everyone!! Today I’m going to tell you’ll about this competition I went to with my partner also my classmate Rohan which we won. yippeee!! In this competition we had to create our own business proposition and present it to a group of extremely well qualified judges in the final round. There were two preliminary rounds before.  This was a school level competition and schools from different cities took part so there was fierce competition. So, in this article I am going to share with you’ll my business idea. Here it goes:

 

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The name of my business venture is Let’s Park.

 

Why, Where and to Who?

WHY- ◉Avoid wasting time trying to park every time you reach a destination

WHERE- ◉To spread across all busy metro cities of India.

WHOM- ◉It can help anyone who is in desperate need of a parking spot

What’s the BIG Idea?

  • Let’s Park is an idea that will allow you to get yourself quick and hassle-free parking on demand.
  • Not only does it show you parking spots on the go but also allows you to pre book a parking spot.
  • Makes use of the G.P.S. to allow users access to a real time view of parking spots while parking their vehicle.
  • The introduction of on-road parking meters which will synchronize with the app instantly updating the status of parking slots once a spot has been booked on these.

The Parking Meters

  • A machine that works on the basis of ‘money for time’. For example Rs.40/- for 4 hours and Rs.15/- for every additional hour.
  • It will be set up all over the city and will be counted as the company’s infrastructural requirement.
  • Key player in the revenue generation model.

Our Biz model

  • Tying up with malls and other private institutions to use their parking spaces which can be booked through our app and payment been made online.
  • We first acquire Govt. permit to manage public parking spaces and request a list of all legal and registered parking spaces in the city.
  • Then we set up parking meters in all the acquired parking lots.
  • Customers can easily book the available parking spaces through these parking meters and this is updated on our app.
  • Tying up with already existing apps such as “bookmyshow”, for reservations of parking. This helps increase the face value of our business.

Peaks and Valleys

Peaks:

  • Our app is a unique one because the synchronization of parking meters and an app is the first of its kind in India and this increases the efficiency exponentially.
  • Time saving, low cost and customer friendly.
  • If all the spaces are full the app redirects you to the nearest one.

Valleys:

  • Maintaining our revenue so that the operations are sustainable and profitable
  • Managing the technical situation and chances of technical failures of our business I.e. the app and the parking meters.

The ‘Cha-Ching

The two revenue generation systems:

  1.  The money collected through the parking meters.
  2.  Money collected from reservations made through the app.

 

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signing off……………Akarsh