This archive report was first published on 25 August 2020.
On August 25, 2020, The Standard published an article highlighting the significance of knowledge in business. The author argued that knowledge is the most important thing in a business, surpassing even state-of-the-art gadgets. A good business owner never stops learning, as knowledge enables them to identify and seize opportunities, thrive in competition, and forecast potential harm.
According to the author, the printing press, invented by Johannes Gutenberg in 1439, played a crucial role in spreading knowledge and creating progress globally. Before the printing press, books like the Bible were a preserve of kings and rich aristocrats, leaving common people in ignorance and backwardness.
Today, business owners understand the importance of investing in a business knowledge management system. This enables them to stay ahead of the competition and adapt to changing circumstances. As the author notes, 'what you don't know might spell doom for your business.' Lack of knowledge can lead to failure, making it essential for business owners to continuously learn and acquire new knowledge.
