Adonis Diaries

Non Transferable “Domain Dependence Profession” and plenty of “Luck”

Posted on: October 1, 2014

Non Transferable Domain Dependence:

Profession, talents, skills, book smart, street smart…

You talk to medical professionals on medical matters and they “intuitively” understand you.

Talk to them on related medical examples based on economics or business perspectives and their attention falter.

Apparently, insights do not pass well from one field to another, unless you are not a professional in any specific field

This knowledge transfer is also domain dependent such as working in the public domain or in private.

Or coming from academia and having to switch to enterprise environment and having to deal with real life problems.

Same tendency when taking a job selling services instead of products.

Or taking a CEO job coming from a marketing department: he talents and skills are not the same and you tend to adopt previous and irrelevant skills that you are familiar with.

Book smart people do not transfer to street smart individuals.

Literary critics’ novels get the poorest reviews.

Physicians are more prone to smoke than non-medical professionals.

For example, police officers are twice as violent at home compared to other normal people.

Nobel Prize Harry Markowitz for his “portfolio selection” theory and applications could not think better than investing his saving 50/50 in bonds and stocks.

Decision making mathematical theoreticians feel confounded when deciding on their own personal issues.

Many disciplines require mainly skills and talents, such as plumbers, carpenters, pilots, lawyers…

As for financial marketing, financial investors and start -up companies… luck plays the bigger role than do skills.

Actually, in over 40% of the cases, weak CEO leads strong companies.

As Warren Buffet eloquently stated: “A good management record is far more a function of what business boat you get into it, rather than of how effectively you row”

Note: Real “The art of thinking clear”

 

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