How to understand a new industry in a few days

More and more jobs require us to master a new subject in a very short time.Learning new knowledge, new industry can not also there is no need to work like a professional, the most commonly used method, previously known as “instance”, now called “knowledge transfer”, namely the knowledge in the field of unfamiliar with you before are familiar with the knowledge of the industry framework, to find the same factors, such as composition, knowledge structure, or the same analysis process, in order to help to learn.

  1. How to quickly learn the knowledge of a new industry

I’ve been a professional investor since last year, and there’s one big difference between it and amateur investing.

I only need to invest in a few industries That I used to be familiar with, plus a few listed companies in the consumer goods industry that are relatively easy to understand.

However, professional investors need to understand more industries because of the large amount of capital they have to operate, the higher requirement of income, and the requirement of withdrawing less and stable income.

For example, if you want to invest in the company of Apple industrial chain, in addition to general investment knowledge, you also need to know the division of labor of the mobile industrial chain and the technical status of key components. If you invest in pharmaceutical stocks, you are basically ready for Baidu all the time.

The investment profession has a high requirement for the ability to learn new knowledge, and its requirement is not the “understanding” of science and technology, but the judgment of value.

For example, pD-1, as a popular science, you just need to understand its pharmacological mechanism.But as an investment, you have to be able to determine where the technology is going, which companies are better off on the track, and you have to be able to quantify how much value these new drugs will bring to those companies.

Moreover, you must acquire this new knowledge in a very short time, for new opportunities will soon open up.

In fact, not only in the field of investment, more and more professions require you to master a new subject in a very short time. For example, I used to do credit in the bank and often go to enterprises for field research. If you don’t know these industries, you will be easily cheated.Later, I did marketing consulting and e-commerce operation, and I also had to be able to quickly understand customers’ products and industries in the shortest time.

Learning new knowledge, new industry can not also there is no need to work like a professional, the most commonly used method, previously known as “instance”, now called “knowledge transfer”, namely the knowledge in the field of unfamiliar with you before are familiar with the knowledge of the industry framework, to find the same factors, such as composition, knowledge structure, or the same analysis process, in order to help to learn.

More importantly, knowledge transfer is also an important method for highly innovative work.

Second, the breadth of knowledge and depth, which is more important?

Transfer of knowledge in a narrow sense is almost the only way to learn. For example, when we study English grammar, we always first look at grammatical phenomena (singular to plural), summarize grammatical rules from this phenomenon (plural to plural), and finally, with practice, change any new singular noun into plural.

It can be said that the essence of learning is knowledge transfer, but most knowledge transfer takes place within the same major.With the increase of knowledge reserves, more knowledge transfer takes place between majors, which is the generalized and cross-industry knowledge transfer mentioned in this paper.

For example, Daniel Kahneman, a psychologist who won the Nobel Prize in economics in 2002, “transferred” the study of psychology to the field of economics and created a new branch of economics, behavioral economics.

I once knew a screenwriter friend who became a career-planning network. He was best at coaching interviews, and these two disparate careers had one thing in common: storytelling.

People with the ability to transfer knowledge across industries must have knowledge across different fields, and this is facing a contradiction, in the limited life, should people’s knowledge should be more extensive or more specialized?

Before the Internet era, the answer was more in the latter direction.Knowledge in books, only a few people in the industry can master, most people in their whole life to the professional knowledge from the books to the brain.As a result, previous jobs rarely required cross-disciplinary knowledge transfer.

But in the age of the Internet, knowledge is readily searchable, and you don’t need to have it all in your head.The role of professional learning becomes to build knowledge structures, so that you know where certain knowledge is in the system, and how knowledge relates to knowledge, so that you can easily search for and understand relevant professional knowledge once you use it.

This gives ordinary people more time to dabble in multiple areas, making “cross-disciplinary knowledge transfers” possible.

Moreover, most modern occupations require multiple specialties and the ability to transfer knowledge.For example, marketing communication can be said to be the combination of business and psychology. If you only understand marketing from the perspective of marketing major, you can easily reach the knowledge bottleneck. If you want to break the ceiling, you have to jump out to the next level and carry out the “knowledge transfer” from business or psychology.

It’s just that many people stay in utilitarian learning, and every time they learn something new, they go through the soul-searching: What’s the use of learning this?

From the perspective of knowledge transfer, the answer to this question is obvious: when it is useful, it is useful, and you never know what use it will be until it is useful.

And if it doesn’t work, it’s just a waste of time — if you really like it, it’s not a waste of time.

Of course, cross-domain knowledge is only the premise of “knowledge transfer”, which rarely happens spontaneously, just as flour does not automatically turn into bread.

If “knowledge transfer” is analogous to “encoding” and “decoding” in communications, you need two more capabilities.

One Comment

  • Understanding of emerging industries requires constant understanding, and there is no way to understand in a short time

Leave a Comment

Your email address will not be published. Required fields are marked *