The book titled “Physics of the Future”, written by Michio Kaku (www.mkaku.org), continues to provide stimulating reading material for me. It is a fascinating book, that provides remarkable insights into how physics is continuing to shape the world and our experiences in it.
The chapter in this book that has spiked my interest recently is one which identifies what Michio strongly predicts will shortly become the most valuable “commodity” (if it can be called that) in the world. What is it this ? Answer: “wisdom“…the essence of which Michio terms “intellectual capital“.
As Michio describes, “Intellectual capitalism provides precisely what robots and AI cannot yet provide, pattern recognition and common sense.” (Pg 364, “Physics of the Future”, Michio Kaku) It is the prediction of a number of leading scientists that “knowledge has already become the only source of long-term sustainable competitive advantage”. (Pg 364, “Physics of the Future”)
Two days ago I was discussing my first book (titled: “Real World Proven Best Business Practices – Bridging the Gap Between Academic Teachings and Real World Business Success“) with a fellow Lecturer at the Eastern Institute of Technology. She remarked that, having read this book, it contained a lot of “common sense” ideas. In reply I said “you’re absolutely right…much of the book does reflect common sense…but the problem in the business community is that such common sense has been lost/ overlooked/ ignored in favour of instead applying all sorts of theoretical models/ principles/ rules to real world situations…and then find that they don’t work”.
And this is the key point that I want to make here…
Having managed a wide range of businesses over a successful 20 year career to date, it was not through applying complex algorithmic type modelling or designing sophisticated business intelligence systems that the various milestone achievements were produced along the way. Rather, the milestones were achieved by concentrating on the common sense Critical Success Factors that I have identified in the aforementioned book…no more and no less.