Five Greatest Ideas for Practical Business Wisdom

Idea 62: The wisdom of business

For the wisdom of business, wherein man's life is most conversant, there be no books on it. If books were written, I doubt not but learned men with little experience would far excel men of long experience without learning, and outshoot them in their own bow.

Francis Bacon, The Advancement of Learning (1605)

The ‘wisdom of business’ is experience and knowledge, together with the power of applying them critically or practically within your particular field of work – applying them for results.

Wisdom both embraces and outranks the meanings of all the words we have in English – such as sense, discernment or judgement – denoting mental qualities to do with the ability ...

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