In my previous post I reported on research indicating that neither age nor experience correlate with performance wisdom. No connection whatsoever. In Ursula Staudinger’s research on wisdom-related performance and review of related studies she emphasizes another shocker: neither fluid intelligence (inherent intelligence) nor crystallized intelligence (developed intelligence) has a significant relationship to wisdom-related performance either.
Staudinger defines wisdom as expert-level knowledge and judgment in the fundamental pragmatics of life (including business). Her elaboration of age and experience is especially pointed for assessing business people and professionals: experience and age are necessary, but not sufficient conditions for business wisdom. All experiences are not created equal. Random or reactive experiences fail to provide the business wisdom needed for the complex decision making in today’s economy. And so the gap between those with true business wisdom and those with mere competence is huge.
The ability to withhold judgment, recognize patterns and reflect about options is crucial for the development of wisdom-related business performance.
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