What was a smart decision yesterday can turn out to be a dumb decision today. Technology is fueling the rates of change and changing yesterdays rules for adapting to change. Change in of itself creates new knowledge to those who seek to understand it.
It has been said that we are living in a knowledge economy. The definition of knowledge is the fact or condition of having information or of being learned. In an economy in a constant state of change there is a lot of information that is being transformed into new knowledge. Learning to transform information into new knowledge is called wisdom.
Wisdom Comes From The Many
In the old days employees would follow the organizational leaders thoughts and instructions just like a military general would tell the troops how to fight the war. People were told what to do and how to do it and the objective was to beat the competition in the battle for market share.
Today the rules have and continue to change. It is no longer a battle for the same market rather a race for expanding the market. The race is no longer competitive rather it is collaborative. This is a different kind of race that requires a different kind of thinking.
Mike Myatt writes: Smart leaders don’t tell people what they should think, they surround themselves with great thinkers and then consistently seek their insights, observations, and opinions. Subjecting yourself to dissenting opinion allows you to refine your good ideas, weed-out the bad ideas, and acquire new ideas. Moreover, it’s the ability to evolve and nuance thinking that leads to the change and innovation your organization needs to survive.
A leader’s ability to change their mind demonstrates humility, confidence, and maturity. It makes them approachable, and it makes them human. People are looking for authentic, transparent leaders willing to sacrifice their ego in favor of right thinking. Bottom line – when you fear being wrong more than being proven wrong you have arrived as a leader.
Smarter Companies understand that their human capital represents unlimited untapped wealth waiting to be engaged. A wise man once said, “wisdom comes from the counsel of the many“. It is called the Human Network and it is the source to learn how to think smarter.