The fact is, when you teach business, you have to know business. So it’s no surprise that some of the best professors are those with significant experience from the world of business. Yet, I’ve found some significant distinctions between academia and practitioners. For example, while a professor relies heavily on concepts and theories and prefers to maintain neutrality, a businessperson favors taking action, relying on “what worked before,” and is unafraid to take a stance. Additionally, a professor focuses on a single discipline and appreciates diversity of thought, but a businessperson is required to respond to a variety of stimuli and is pressured to make quick decisions. In other words, a professor is required to think more than he or she acts, while a businessperson is expected to act far more than he or she thinks.
[This article has been reproduced with permission from IMD, a leading business school based in Switzerland. http://www.imd.org]
The 10 stated recipes are relevant and useful. Conscious and active thinking as a discipline needs to seep into every layer of the organization. Starting with an intent as well as purpose could help ensure focused and high quality thinking. Sridhar Laxman http://sridharlaxman.com
on Jul 26, 2013