FBC #5 – Education / Knowledge [2 pages]

An Executive Concern: Business Owners and Executives

“Knowledge” is the capability to produce an intended outcome …

… in a given set of circumstances,

… or threats that need to be avoided, obligations that need to be fulfilled and opportunities that need to be exploited

Education means both the practices businesspeople and businesses use to learn, or invent, new knowledge,

… as well as the capabilities or skills needed to design and fulfill new strategic and competitive intentions.

Education is always new language, or new (1) ambitions, (2) moods, (3) language, (4) intentions, (5) distinctions, (6) interpretations, (7) commitments, (8) practices and (9) outcomes,

… people learn or invent to help them fulfill their intentions to:

Complete tasks

Design and execute strategic and competitive action

Survive

Adapt to life’s always changing circumstances

Live a good life by taking satisfactory care of their most fundamental human concerns

Education/Knowledge is “financial” by definition. 

Before people can fulfill their financial intentions, they have to learn how to constitute ones that are effective, or that will, in fact, enable them to make enough money to survive, adapt to life’s changing circumstances and live a good life until they are at least 90-years old.

In IR#3, when businesspeople didn’t make enough money it was because they needed to work harder, be more determined, keep busier and use their common sense more effectively and efficiently.

In IR#4, when businesspeople don’t make enough money it’s because they lack the practical know-how, or strategic and competitive knowledge, needed to fulfill their financial intentions using their computers and the internet.

For instance, they may not know how to constitute their financial, career and business intentions because they are not obvious, perceivable or commonsensical.

They may not know how to design fresh, new offers, practices, narratives and strategies to increase their productivity and value, and are using common, ordinary and typical thoughts and actions that thwart their intentions no matter how hard they work.

It is “strategic” because designing and executing action plans,

… or commitments to produce outcomes that require making progress to advance action over time by producing a sequence of situations with a variety of tactics,

… is education, or knowledge,

… and requires continuous and autonomous learning in IR#4 to use computers and the internet to earn a living.

It is “competitive” because producing and increasing competitive capabilities and advantages, productivity and value is also education, or knowledge, when using computers and the internet.

Education in IR#4 need not be formal.

In IR#4, businesspeople need to continually increase their competitive capabilities to fulfill their financial, career and business intentions in IR#4’s rapidly changing, complex and intensely competitive situations.

In IR#3, hard work, determination, busyness and common sense could be used to compete because businesspeople used single-purpose tools such as pry bars, fork lifts and test equipment.

Labor-based work ethics and task orientation cannot be used to produce competitive capabilities and advantages with computers because the outcomes people can produce with them cannot be improved using them. 

Working hard and keeping busy when writing a sales proposal does nothing to improve it when writing one on a computer.

In IR#4, when businesspeople have the strategic and competitive knowledge needed to fulfill their financial, career and business intentions, they succeed.

When they don’t, they fail.

Their determination and common sense have nothing to do with it, as decades of income and savings reports prove.