Practical Wisdom in Leadership and Organization Series – serie

Despite the growing attention towards the importance of practical wisdom in business today, little research has been done about the concept of practical wisdom in the Indigenous, Asian and Middle-Eastern traditions. Contemporary studies of wisdom are dominated by the philosophical traditions of Western thought, which is based on the ancient Greek concepts of wisdom. Much less is known about how practical wisdom, as illuminated by these other traditions, can be implemented in today’s organizational settings. This book thus fills an important gap in understanding wisdom and how it is applied in a poly-cultural world. Wisdom is culturally bound. Wisdom is poly-cultural and interweaves individuality and communality. Practical wisdom is inextricably connected to many needs of contemporary personal and professional life. Moreover, the increasingly growing poly-culturality around the world requires a better understanding of how practical wisdom is understood in different cultures and traditions. Accordingly, there is a need for a) poly-cultural understanding of the concept of wisdom and b) the role of practical wisdom in a world crying out for wisdom.This book underlines the importance of developing a poly-cultural and interdisciplinary understanding of the concept of practical wisdom in today’s complex environment. The book offers significant insight into the implications of the non-Western traditions of wisdom and how such an understanding of the non-Western traditions can help us better and more critically understand and appropriately address new multi-faceted complex emerging phenomena. While the Western traditions offer valuable insight into the implication of wisdom in modern life, an integrated view that brings together the Western and non-Western traditions can provide a more critical and practical insight into how to apply practical wisdom in a contemporary poly-cultural environment.

Despite the growing attention towards the importance of practical wisdom in business today, little research has been done about the concept of practical wisdom in the Indigenous, Asian and Middle-Eastern traditions. Contemporary studies of wisdom are dominated by the philosophical traditions of Western thought, which is based on the ancient Greek concepts of wisdom. Much less is known about how practical wisdom, as illuminated by these other traditions, can be implemented in today’s organizational settings. This book thus fills an important gap in understanding wisdom and how it is applied in a poly-cultural world. Wisdom is culturally bound. Wisdom is poly-cultural and interweaves individuality and communality. Practical wisdom is inextricably connected to many needs of contemporary personal and professional life. Moreover, the increasingly growing poly-culturality around the world requires a better understanding of how practical wisdom is understood in different cultures and traditions. Accordingly, there is a need for a) poly-cultural understanding of the concept of wisdom and b) the role of practical wisdom in a world crying out for wisdom.This book underlines the importance of developing a poly-cultural and interdisciplinary understanding of the concept of practical wisdom in today’s complex environment. The book offers significant insight into the implications of the non-Western traditions of wisdom and how such an understanding of the non-Western traditions can help us better and more critically understand and appropriately address new multi-faceted complex emerging phenomena. While the Western traditions offer valuable insight into the implication of wisdom in modern life, an integrated view that brings together the Western and non-Western traditions can provide a more critical and practical insight into how to apply practical wisdom in a contemporary poly-cultural environment.

The current financial and on-going ecological crises have taught us that without practical wisdom, business, organisations and leadership cannot be sustainable. In response to this situation, the Handbook of Practical Wisdom presents a critically informed understanding of wise practices, contributing to more integrative organizational and leadership studies and practice. The focus on integration emphasises the interdependencies of practical wisdom in relation to members, groups and cultures of organisations in their socio-cultural spheres. Wisdom has long slipped from the scholarly map, and so this handbook provides revived and new mappings for today and the future. Seeking to actualize creative potentials of practical wisdom, this book and series aspires to contribute to the contemporary odysseys and quests for orientation in organisation and management research and practice. Wisdom research, as presented in this book, provides bridges to underestimated, neglected or forgotten knowledge and offers transformative passages between Scylla - the rocks of dogmatic modernity - and Charybdis - the whirlpool of dispersed post-modernity. Practical wisdom allows for a better equipped and more experiential and reflexive journey and fosters the art of mindful travelling, beyond a reactive, moralizing sentimentalism. Accordingly, this handbook serves as a medium for reassessing and rearticulating more responsible ways of ’praxis’ in the field of organization and management. In this spirit, each chapter opens a space for dialogue and debate, inviting further inquiries, conversations and explorations by and among its readers: students, academics and practitioners.

The challenges faced by 21st-century businesses, organizations and governments are characterized as being fundamentally different in nature, scope and levels of impact from those of the past. As problems become increasingly complex and wicked, conventional reductive approaches and data-based solutions are limited. The authors argue that practical wisdom is required.This book provides an integral and practical model for incorporating wisdom into management decision making. Based on a cross-disciplinary conceptualization of practical wisdom, the authors distinguish systematically between data, information, knowledge, and wisdom-based decision making. While they suggest that data, analytics, information and knowledge can assist decision-makers to better deal with complex and wicked problems, they argue that data-based systems cannot replace optimized human decision-making capabilities. These capabilities, the authors explain, include a range of qualities and characteristics inherent in philosophical, psychological and organizational conceptions of practical wisdom.Accordingly, in this book, the authors introduce a model that identifies the specific qualities and processes involved in making wise decisions, especially in management. The model is based on the empirical fi ndings of the authors’ studies in the areas of wisdom and management.This book is a practical resource for professionals, practitioners, and consultants in both the private and public sectors. The theoretical discussions, critical arguments, and practical guidelines provided in the book will be extremely valuable to students at the undergraduate and postgraduate levels, as well as upper-level postdoctoral researchers looking at business management strategies.

The dramatic recent advances and emergent trends in technologies have brought to the fore many vital and challenging questions and dilemmas for leaders and organizations. These are issues that call for a critical, insightful examination of key questions such as: are modern technologies beneficial or problematic for the well-being of individuals, organizations, and societies at large; why do we seem to feel more disconnected in an age of technological connectivity; can organizations reduce technology-induced stresses and find ways to enable the mindful use of technologies and how can organizations, governments and societies manage the use of technologies wisely? Such questions, when explored from various perspectives of wisdom, can yield significant insights, increase awareness of the issues, deepen the dialogue and help redesign an increasingly technology-driven future. However, there is little researched published material available on such questions and issues. Practical Wisdom in the Age of Technology: Insights, Issues and Questions for a New Millennium will provide a space to engage in thought-provoking dialogue and critical reflection on a variety of themes linking technology and practical wisdom. It will offer a foundation for exploration, inquiry, engagement, and discussion among organizational, political and social leaders, technology professionals, information systems academicians, wisdom researchers, managers, philosophers of technology, and other practitioners.

In traditional business circles, wisdom is viewed with a certain scepticism, which is in part due to its historical associations with wisdom traditions and spiritual cultures. However, in business today, wisdom is emerging not only as a viable but also a necessary organizational and management practice. In particular, practical wisdom is being updated and retranslated for today’s issues and concerns in organizations. In recent years, leadership and organizational studies have initiated important changes in the way in which business-as-usual is conducted. In response to the increasingly complex and uncertain conditions of our international business environment, a growing community of ‘scholar-practitioners’ are pushing the boundaries of traditional organizational and leadership thinking and acting, making inroads into processes and applications of practical wisdom and ways of wise leading and managing. Given the unprecedented levels of challenges, dynamics and uncertainties that today’s organizations are exposed to, there is a need for a more integrative and sustainable approach to managing. Following the need for a reconsideration and revival of the meaning of wisdom, the editors explore vitalizing possibilities for the learning of wise practices in organizing and leading. This expansive range of domains where wisdom is currently being explored suggests a promising number of perspectives and possibilities for future inquiries and explorations into the nexus of wisdom and organization, leadership/management education and learning that benefits from cross-disciplinary synergies. This book will be of interest to those seeking to understand the growing significance of wisdom in relation to learning and teaching, especially in business and management education.

A multifaceted ecological and socio-cultural crisis confronts us, and the irresponsible and unsustainable operations and actions encouraging this predicament are bound up with contemporary societal, economic, organisational, and managerial practices. The recent and on-going global economic crisis with its failures of responsibility and pervasive (or existential) threat posed to natural ecologies are among many more manifestations of a profound disintegration, unwise forms of practices, and non-integral ways of living. The current crisis, scandals, and tensions between corporations and civil society, and numerous examples of unethical practices that are partly validated by common practice have helped to intensify demands to scrutinise corporate behaviour and practices. The increasingly instrumentalised contexts and impositions of neoliberal regimes with their systemic constraint call for a rethinking of phrónêtic capacities and dispositions for wise practices in prâxis and corresponding sustainable actions. This book explores how practical wisdom can be conceptualised and applied to practices that respond to the life-worldly realities of organisations. At the same time, it relates to prâxis, understood as situated conduct in an ethico-political configuration. It is this nexus that is mediating between individual and social actions (micro), organisations (meso), and economy/society (macro). This book invites dialogue for thought-provoking reflection on how wisdom can help organisations and leaders deal with our age’s most pressing challenges. It opens a path to considering how such an understanding can help us to more effectively and more critically understand and appropriately respond to complex, multifaceted, emerging phenomena. It will be of value to researchers, academics, and students interested in leadership, organisational studies, wisdom, and business ethics.

A multifaceted ecological and socio-cultural crisis confronts us, and the irresponsible and unsustainable operations and actions encouraging this predicament are bound up with contemporary societal, economic, organisational, and managerial practices. The recent and on-going global economic crisis with its failures of responsibility and pervasive (or existential) threat posed to natural ecologies are among many more manifestations of a profound disintegration, unwise forms of practices, and non-integral ways of living. The current crisis, scandals, and tensions between corporations and civil society, and numerous examples of unethical practices that are partly validated by common practice have helped to intensify demands to scrutinise corporate behaviour and practices. The increasingly instrumentalised contexts and impositions of neoliberal regimes with their systemic constraint call for a rethinking of phrónêtic capacities and dispositions for wise practices in prâxis and corresponding sustainable actions. This book explores how practical wisdom can be conceptualised and applied to practices that respond to the life-worldly realities of organisations. At the same time, it relates to prâxis, understood as situated conduct in an ethico-political configuration. It is this nexus that is mediating between individual and social actions (micro), organisations (meso), and economy/society (macro). This book invites dialogue for thought-provoking reflection on how wisdom can help organisations and leaders deal with our age’s most pressing challenges. It opens a path to considering how such an understanding can help us to more effectively and more critically understand and appropriately respond to complex, multifaceted, emerging phenomena. It will be of value to researchers, academics, and students interested in leadership, organisational studies, wisdom, and business ethics.

Modern Organizational Wisdom: Theory and Practice presents a fresh perspective on knowledge management processes, exploring how employee expertise transforms into practical solutions for organizational challenges. This innovative concept, grounded in the scientific achievements of organizational learning and absorptive capacity, sheds new light on converting knowledge into action. The book introduces a procedure that links key knowledge management concepts, streamlining their understanding and simplifying their application. This approach makes complex phenomena more accessible and practical for professionals. In the theoretical section, the book outlines a straightforward model of Modern Organizational Wisdom (MOW), which consists of a knowledge-to-solution transformation process complemented by a set of organizational competencies essential to its success. Including these competencies as an integral component of MOW represents a groundbreaking approach to this subject. The practical section bridges theory with real-world applications, offering insights into how these phenomena manifest in business practice. Readers will discover the drivers that foster MOW and the obstacles that hinder its development. With its accessible language and innovative take on organizational wisdom, this book inspires researchers in knowledge and strategic management and is a valuable resource for practitioners. It helps leaders understand how their employees’ knowledge can fuel business growth and success.

The current financial and on-going ecological crises have taught us that without practical wisdom, business, organisations and leadership cannot be sustainable. In response to this situation, the Handbook of Practical Wisdom presents a critically informed understanding of wise practices, contributing to more integrative organizational and leadership studies and practice. The focus on integration emphasises the interdependencies of practical wisdom in relation to members, groups and cultures of organisations in their socio-cultural spheres. Wisdom has long slipped from the scholarly map, and so this handbook provides revived and new mappings for today and the future. Seeking to actualize creative potentials of practical wisdom, this book and series aspires to contribute to the contemporary odysseys and quests for orientation in organisation and management research and practice. Wisdom research, as presented in this book, provides bridges to underestimated, neglected or forgotten knowledge and offers transformative passages between Scylla - the rocks of dogmatic modernity - and Charybdis - the whirlpool of dispersed post-modernity. Practical wisdom allows for a better equipped and more experiential and reflexive journey and fosters the art of mindful travelling, beyond a reactive, moralizing sentimentalism. Accordingly, this handbook serves as a medium for reassessing and rearticulating more responsible ways of ’praxis’ in the field of organization and management. In this spirit, each chapter opens a space for dialogue and debate, inviting further inquiries, conversations and explorations by and among its readers: students, academics and practitioners.

The dramatic recent advances and emergent trends in technologies have brought to the fore many vital and challenging questions and dilemmas for leaders and organizations. These are issues that call for a critical, insightful examination of key questions such as: are modern technologies beneficial or problematic for the well-being of individuals, organizations, and societies at large; why do we seem to feel more disconnected in an age of technological connectivity; can organizations reduce technology-induced stresses and find ways to enable the mindful use of technologies and how can organizations, governments and societies manage the use of technologies wisely? Such questions, when explored from various perspectives of wisdom, can yield significant insights, increase awareness of the issues, deepen the dialogue and help redesign an increasingly technology-driven future. However, there is little researched published material available on such questions and issues. Practical Wisdom in the Age of Technology: Insights, Issues and Questions for a New Millennium will provide a space to engage in thought-provoking dialogue and critical reflection on a variety of themes linking technology and practical wisdom. It will offer a foundation for exploration, inquiry, engagement, and discussion among organizational, political and social leaders, technology professionals, information systems academicians, wisdom researchers, managers, philosophers of technology, and other practitioners.

The challenges faced by 21st-century businesses, organizations and governments are characterized as being fundamentally different in nature, scope and levels of impact from those of the past. As problems become increasingly complex and wicked, conventional reductive approaches and data-based solutions are limited. The authors argue that practical wisdom is required.This book provides an integral and practical model for incorporating wisdom into management decision making. Based on a cross-disciplinary conceptualization of practical wisdom, the authors distinguish systematically between data, information, knowledge, and wisdom-based decision making. While they suggest that data, analytics, information and knowledge can assist decision-makers to better deal with complex and wicked problems, they argue that data-based systems cannot replace optimized human decision-making capabilities. These capabilities, the authors explain, include a range of qualities and characteristics inherent in philosophical, psychological and organizational conceptions of practical wisdom.Accordingly, in this book, the authors introduce a model that identifies the specific qualities and processes involved in making wise decisions, especially in management. The model is based on the empirical fi ndings of the authors’ studies in the areas of wisdom and management.This book is a practical resource for professionals, practitioners, and consultants in both the private and public sectors. The theoretical discussions, critical arguments, and practical guidelines provided in the book will be extremely valuable to students at the undergraduate and postgraduate levels, as well as upper-level postdoctoral researchers looking at business management strategies.