Of late – scarcity is always on my mind. I guess I must have a scarcity mentality when I go about my daily work & even my daily life.
Stephen Covey believes in the abundance mentality – using the ‘pie’ example. He cited that if folks think of abundance then win-win situation will be created vs. a win-lose situation when one have a scarcity mentality. I totally agree in finding ways of getting the pie bigger vs fighting for a bigger share of a small pie cause it has the happier & positive outcome for all..
However – it is precise reason of ‘over’ abundance mentality that created the spending glut of Americans ridden with debt, the reason the 3 big automakers fail to improve themselves & ask for big handouts, the reason the so called ‘earth princes’ can’t keep up with the ‘immigrants’, the reason complacency exists & the reason behind the global warming.
Its when one think of scarcity that one becomes more attentive, seek efficiency & reduce wastes, find ways to reduce / reuse / recycle, innovate for development with less resources..
I for one, reduced my fuel usage by 50% due to the huge price hike 6 months ago, now – even with the reduction of fuel by 40%- I am still at the reduced usage level just because I have gotten use to the changed lifestyle (like car pooling or plan errands) to help reduce fuel spending. Maybe.. just maybe – the reduced petrol price / barrel today may be contributed by the fact that lots of people have changed their habits over the past months of crazy inflation.
Yet – I do believe in businesses or entrepreneurs, abundance mentality is important, after all it was because of new ‘pies’ created that makes the economy so much bigger than 30 years before.
So maybe.. we should use both scarcity & abundance in our daily life. Scarcity when we think of costs & wastes but abundance in opportunities. We can’t just go living life in either school of thoughts.
I guess the challenge for me would be how to think of abundance when scarcity events are all about me.