“True knowledge exists in knowing that you know nothing. And in knowing that you know nothing, that makes you the smartest of all” – Socrates
- Imagination is more important than knowledge
“I am enough of an artist to draw freely upon my imagination. Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world” – Albert Einstein (26th October 1929).
- The Certainties of Knowledge
In an economy where the only certainty is uncertainty, the one source of lasting competitive advantage is knowledge. When markets shift, technologies proliferate and products become obsolete almost overnight, successful companies are those that consistently create new knowledge, disseminate it widely throughout the organisation and quickly embody it in new technologies and products.
- The Pareto Principle – The 80/20 Rule to You and Me
The Pareto principle (also known as the 80/20 rule, the law of the vital few, and the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes.