People talk about the word “process” in business (“manufacturing process”, education (“process” learning) and sport “trusting the process”) in such varied ways that it leads to confusion, not clarity when hiring expertise.
Put it simply, process knowledge is the “how to” accomplish something fast, consistently and with a high quality outcome. It is distinct from “content knowledge”, deep sector expertise in how the constituents interact effectively and efficiently.
So if I need to learn how to maximise digital engagement or write smart code for clients, irrespective of the sector and our products and services, I need to find a “process expert”.
If I need to sell a mid-market US financial services business, I need both a “process and content expert”, an understanding of how to attract interest amongst a large pool of potential buyers and convert it into formal offers, and a detailed understanding of the mid-market US financial services ecosystem.
If I need an expert witness on marine insurance contracts in a legal dispute or a RMB financial derivatives banker, I need a “content expert”.
Think of it as a continuum with process and industry knowledge at either ends. In today’s economy, “process knowledge” is more valuable than “content knowledge” because the breadth of applications is wider and creates a larger pool of targets, less at risk from changes in market demand/supply for the expertise. It is also easier to acquire content knowledge (studying, on the job learning) fast than process knowledge (experience, track record).










