A rose by any other name

I didn’t start out to become a business researcher (though, in hindsight, that was the first professional role I was paid for).  I started out to become a physician, and completed the four year-long courses needed to enter medical school—inorganic chemistry, organic chemistry, physics, and biology.  This took much of my time, energy, and waking thoughts for two years in college.  And though I later decided not to pursue medicine as a career, it was not time wasted.  I often find myself using scientific thinking, or referring by analogy to some principle of science to understand a business problem.

Modern science is based on the scientific method—hypotheses are developed, then tested for validity in the real world.  Eventually, some become known as theories.  Others are so time-tested and reliably true that they are known as laws.  The scientific method is a specialized kind of knowledge value chain.

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    COMPETING IN THE KNOWLEDGE ECONOMY is written by Timothy Powell, an independent researcher and consultant in knowledge strategy. Tim is president of The Knowledge Agency® (TKA) and serves on the faculty of Columbia University's Information and Knowledge Strategy (IKNS) graduate program.

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    "During my more than three decades in business, I have served more than 100 organizations, ranging from Fortune 500s to government agencies to start-ups. I document my observations here with the intention that they may help you achieve your goals, both professional and personal.

    "These are my opinions, offered for your information only. They are not intended to substitute for professional advice."

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    E SCIENTIA COPIA. Knowledge is the Engine of Value.