From MRP to reality: How a Firecracker package could have sparked a lesson in Observation centric learning.

In the modern world, we are quick to “Google it” or, more recently, “Ask ChatGPT.” But real learning doesn’t always happen on screens. It happens when we observe, question, and experience the world around us.

I was reminded of this while conducting a session on Pricing. We were discussing how the Maximum Retail Price (MRP) system in India has, frankly, become a bit of a joke. Anything and everything is negotiable. The MRP, instead of standing for “Maximum Retail Price,” often feels like “Maximum Recorded Price”—something printed just for formality.

I gave my students an example that always puzzled me: firecrackers. Every Diwali, I noticed that the prices printed on cracker packets are outrageously high—no one actually pays those rates. I remarked in class how MRP laws are blatantly flouted and suggested that if anyone could bring a cracker package to the next session, we could have a live discussion.

As expected, most ignored the suggestion (after all, Diwali was over). But knowing Indians, I joked that some would have saved a few crackers—for post-Diwali celebrations or maybe for India’s next cricket victory!

One girl tried but couldn’t get the details. Still, I appreciated her effort at least she tried. Then, fate intervened. Yesterday, during Kartik Pournami, I heard loud cracker sounds near my home. Curious, I went downstairs and found kids from the next house bursting crackers. To their surprise, I asked if I could have the empty packages.

And there it was—proof of what I’d been saying. The total printed MRPs on just three of the firecrackers were as high as ₹3,400! Of course, no one actually pays that much. But that’s not the point.

The point is this: I confirmed something that AI couldn’t. When I asked ChatGPT earlier for pictures of firecracker packets showing MRP, it couldn’t provide even one real image. But walking down just a few steps from my house did the trick.

That’s the real lesson. In a world obsessed with virtual shortcuts and AI tools, don’t forget that real learning still happens in the real world. Step out, observe, question, and experience.

Students, remember this: If you walk that extra kilometre, you don’t just find answers—you earn insights, credibility, and stories worth telling. 

Key words: Observation, Learning, Management Education,  Experiential Learning Pricing, MRP, Indian Markets, Consumer Behaviour, Marketing, Business Insights, Firecrackers, India, ChatGPT, Artificial Intelligence,  AI and Education, Real World Learning, Life Lessons, Teaching Reflections, Critical Thinking,  Curiosity