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| Extrinsic Factor of CHANGE in the new Millennium |
We often see that there are some factors which Change our simple ordinary daily life.
Out of these factors there are some which happen where you do not have any control. These are called Extrinsic Factor namely Act of God, Government policies.
While we cannot control extrinsic factors, we do try to protect ourselves from them. When there is a Hurricane or a Tornado we naturally prefer a pre-planned protection rather than face it. However inspire of that we still find damage to property, shops, business premises, livestock, crops.
Adapting to ,all the after effects of all Extrinsic factors of Change,is an Art of Survival for tomorrow, for which you need assessment of all the Intrinsic Forces of Change that is those factors in which you have full or some control. While you cannot control the happening of anything termed as anAct of God namely Earthquake, Forest Fire, Storms, Floods what you can try and control is having adequate Insurance and rework whether you are under insured or adequately insured.
The global lock down because of Covid is probably the biggest Extrinsic Factor of CHANGE in the new Millennium.
With spending patterns restricted to just essentials ,this lock down has heavily afflicted many business units, including small establishments, which in turn is affecting the people directly or indirectly associated.
While government decisions on the lock down is something you cannot control, however some of the Intrinsic Factors of Change in our life you can make some planned efforts try and control primarily the spending pattern. A reassessment of the spending pattern is highly essential to avoid a total wipe out of the savings.
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| Extrinsic Factor of CHANGE in the new Millennium |
