True Wisdom is Knowing What You Do Not Know

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“True Wisdom is Knowing What You Do Not Know.” – Confucius

Over the years, I have been most fortunate to have worked with many great leaders and managers and well as consulted with some great companies. I have seen that great leaders know what they do not know. It is one of the key ingredients to managerial success. Credibility and respect come to those who admit what they do not know. More than ever, in today’s complex information-rich environment, specialization is more important in a number of areas so it simply is not possible to have great depth and breadth. It is, as we know, the smart leader who surrounds himself or herself with people more talented than he or she; however, this necessitates an understanding and appreciation of personal weakness and gaps that need to be compensated and reinforced. The good news is that with a variety of analytical tools and assessments such as 360-degree reviews, there is no excuse for not understanding what you do not know.