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Would you rather be a 'jack-of-all trades' or a 'master of one'?
In today's job market would you rather be specialized in one area or have several areas in which you are good at? Why?
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Competent generalist but known for specialist knowledge in one or two areas.
Although I am self employed (so a slightly different context perhaps), I think the need to have broad understanding of issues is essential and if I get horribly stuck on an area in which I do not have particular expertise I will always try to find someone who has that knowledge.
I rather think that we should not be nervous of saying "I don't know" sometimes as long as we can demonstrate a willingness to find out or find someone who can satisfy the need.