What is most Important for Success- Knowledge, Power or Wealth?

At our learning centre, we recently held a discussion on- “What is important for success- knowledge, power or wealth?”

Importance of Power


The participants in the discussions were entrepreneurs, corporate executives, bankers and others. Different views were presented by the speakers. Some considered knowledge as most important factor. They enumerated examples of successful people who had risen from being unknown to highly rated successful individual by consistently acquiring knowledge and gainfully using it. Knowledge in such cases did not necessarily mean any university degree or such other qualification. Knowledge, here, denotes application of mind of the practical knowledge received through any medium and using the same for earning name, fame and wealth. Steve Jobs is one such example. Our own Dhirubhai Ambani is another. Even Warren Buffet’s story is no different. It is rags to riches. While academic Knowledge has also helped lots of people to become successful and famous.

Importance of Power


The role of power in success, too, cannot be undermined. Politicians achieve power and then use the same to achieve greater power. This is how power helps them to be successful. In the present scenario, a powerful politician can introduce his/her son or daughter to become a nominated leader and in the process achieve success in politics. Many politicians, today, are following this model of leadership succession. Likewise, a powerful bureaucrat can use his power to help his friend relative to achieve success.

Importance of Wealth


Wealth can buy knowledge and power. So, one may say that if you have money, you can achieve any goal by hiring people, facilities to create any large project and achieve success.  But without Knowledge achieved through experience it is very difficult to see the success of a large project. Political leaders can no doubt introduce their wards in leadership succession through the power they wield, but unless they   ensure that the latter gain sufficient experience, the entrant may not be successful.  Knowledge acquired through experience alone will bring success to them. Here too, Knowledge gained with experience becomes important. Power alone will not work.
So, the fact of the matter is that knowledge learnt through studies or gained through experience is indeed very important in any field.
But, it needs to be remembered that the meaning of success has to be defined by each and every individual in his/her own terms.
How should one do that? That will be a subject of another post.

Thank you. for Reading ?

What is Success?

In my last posting, we had discussed about the relative importance of knowledge, wealth and power in achieving success. We carried out a poll which ticked votes as 527 knowledge, 66 wealth, 50 power. But I had explained that the definition of success needs to be created in one’s own individual terms.

health

Today, I shall talk further about success. What is success? Amassing Wealth; or becoming extremely powerful; or acquiring extensive knowledge? The common parameter for an individual’s success would be how he/she is able to achieve their goals. Indeed, when you set a goal for yourself and you achieve it you are successful.
financial successBut what happens when you do not set goals? Or when you set goals which are unrealistic or unachievable? Another question that comes to mind is do you have to be successful according to your own parameters? Do you goals have to be according to your own liking and desires? Or does your family/friends and well wishers have any role to play? Should you/should you not take into account their expectations or even the current trends in the society? If one is a member of a community how can the same be totally disregarded?
One thing for sure is extremely important; that any success worth its name should bring you happiness.
happinessFor me true success is achieving bit by bit my goals which I must set as under:

  1. My health goals
  2. My Career goals
  3. My financial goals
  4. My social goals
  5. My hobby goals
  6. My spiritual goals

It means that I need to have some kind of measure for reviewing my success. I have classified these in the order of importance so far as I am concern. But how does one go about defining these goals and setting them according to one’s own priority – well that is a subject for any discussion.

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