“Most people define "street smarts" as some innate ability to make savvy decisions, or one that has developed as a result of a person being confronted with very challenging circumstances in the past. I think another common term that is used is one who has amazing "business acumen." But, whatever we call it, it is always associated with some mysterious ability, only a few possess, that allow them to make better decisions than the rest of us.” PeopleThinkingPastTermChallengesAbilityDecisionCommonCircumstancesSmartMysteriousSavvy Author:Justin Menkes
“Knowledge is the accumulation of information whereas intelligence is one's ability to process information to render good decisions.” AbilityDecisionGood Decision Author:Justin Menkes
“In a business setting, one's intelligence is crucial. Many problems faced by today's executives are unique and ill-defined. So, one's ability to analyze information and render a decision based upon the probability of success is imperative. What it comes down to is that all the knowledge in the world is useless if one has no means of processing and applying it. Organizations run on the brainpower of their people.” PeopleWorldMeanProblemRunningAbilityDecisionUniqueProbability Author:Justin Menkes
“We never ask candidates to demonstrate their skill. We ask lots of questions about past experience, but simply looking at the results of their decisions does not let us understand the process that they used to make the choice in the first place. A good analogy is sports. If you wanted to know how well a person plays basketball, for example, you could look at statistics like shooting percentage or blocked shots. But, this is just an historical account of how well the individual played in the past - the numbers do not tell us much about how that individual plays basketball now.” PastChoicesIndividualSportsDecisionBasketballHistoricalBlockedPast Experiences Author:Justin Menkes