Book smart Vs Street SMarts?

Nice article- and a must watch!-'The apprentice' definitely taught me that there's more to management than 'principled theorised thinking.'Have a look at the link and grab the quick bits below.

http://encarta.msn.com/encnet/departments/elearning/?article=booksmarts>1=6413

Take aways from this article:

-Street-smart people may not have gotten an A+ [in school], but they handle others in an A+ manner.( maybe not always ,but most certainly)

-Any victorious hiring in real life--will come as a result of someone illustrating an ability to not only lead with passion, but to convince others that he or she is right for the job. ( very very true... but then how do you convince them? either u ought to be a natural intellect or a programmed one right?)

-Creating and sustaining a strong corporate persona is more important than anything else you can do on the job.( nice- we ( well i for sure...) are always fixated on climbing up that oh so 'utopian' heirarchy!)

-Leadership and management are not the same thing.( nice to know-cause i can try fit in either one...:) )

-Some people with impressive educational credentials take an excessive pride in their own intellects, and this can sometimes hinder their brainstorming abilities,street-smarts have an the edge because, they stop to ask questions to figure out what they don't know. ( sad but mostly true-education forgot to teach most of us that ' with it comes mental blocks,moslty in terms of ego')

-The closer you get to your formal training, the less you think you need to explore alternate solutions.( yes -again mental blocks)

-Having the foundation of education is good. It helps with traits that you need for leadership--agility, and being able to self promote without selling your soul. ( damn that was excellent- 'self promote' i need to do that every single day!)

-Both are important,also- book smarts ought to get practical street experience, and street smarts ought to take a class. It shouldn't be black or white. It should be a kaleidoscope of options.

-Will real-life boardroom will be unattainable without an academic decree?

( depends on the recruiter, is he/she book smart or street smart?)