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Any concept, even in the form of factual information or factual knowledge, is already. a generalized interpretation of reality and thus an abstract act of thinking. At some point. however, this level of abstraction becomes automatic (that is, it becomes âfactual. knowledgeâ) in the mind of an individual.
Knowledge is knowing how to do something. Wisdom is knowing why, how, and what to do. Wisdom = Knowledge + Ethics + Action. Information is the basis for knowledge; knowledge is the basis for wisdom, wisdom is the basis for creativity, and creativity is the basis for innovation (Awad & Ghaziri, 2004). Wisdom is not about knowing what youâre doing or where everything comes from but about being able to be in the mystery.