2. What’s the difference between knowing something and acting on it? and
3. How do we take advantage of our acquired knowledge to genuinely improve the quality of our decision-making?
Sir Francis Bacon is credited with the saying, “knowledge is power.” With all due respect to Sir Bacon I believe this statement is a bit misleading. A more careful examination reveals that knowledge is only powerful to the extent it is actually applied in the real world. Until such time knowledge is nothing more than an interesting piece of data neither effective nor ineffective but inert. It is only when knowledge is understood and then put into action that it’s true value can be tested and determined. For knowledge to be truly powerful it must complete a process I call the Triangle of Knowledge. The Triangle of Knowledge includes acquiring, understanding, and applying knowledge and it is essential if we want to leverage the power any knowledge we acquire.