LIFTING TACIT KNOWLEDGE FROM THE DEPTHS

Do you ever stop to think about the many things we do on a daily basis without even realizing it? From tying our shoes to driving a car, our brains recall these skills effortlessly. Neurobiologist Manfred Spitzer explains that a majority of what we learn, we don‘t even realize we‘re learning.

The same can be said for experienced entrepreneurs who have seen it all in the business world. With years of experience under their belts, they have an innate ability to assess situations with clarity and draw accurate conclusions. This is a distinct advantage over younger entrepreneurs who may lack the same level of experience. Don‘t discount the value of experience in the competitive world of business.

The key to navigating rough waters in business is experience. It‘s a treasure trove of knowledge that can guide a company to success. However, some Gen Y representatives argue that experiences no longer hold value in the digital age. While they may be right when it comes to digital events and market reaction times, lived experiences still hold immense worth in the business world.