Knowledge Management: The Death of Wisdom

Chapter 4

Opportunity Knocks for Business Education

The palest ink is better than the best memory.

—Chinese proverb

At first glance, the 20th century’s development in life-style improvement is remarkable, more impressive than in any other century, at least in the developed countries. Some of the advancements have been outlined in Chapter 2 and undoubtedly much of the progress is directly attributable to political choices. But at the practical level, the momentum has unquestionably derived from the world of business and in turn its managers, suggestive of a keen ability in the field of decision making.

In turn, the theory goes that much depends on the quality of available business education, an argument that would be irrefutable but for the ...