NDLI: Management Wisdom in Perspective: Are You Virtuous Enough to Succeed in Volatile Times?

Content Provider	Springer Nature Link
Author	Intezari, Ali Pauleen, David J.
Copyright Year	2013
Abstract	This paper addresses the question, how does wisdom contribute to management in circumstances of extreme unpredictability? We first discuss three key factors that fundamentally affect the conduct of business—human, knowledge, and the environment—as well as their characteristics and interactions. We then argue that managing the interaction between these factors to effectively deal with the complexity and unpredictability of a rapidly changing business world requires the appropriate application of wisdom, in particular ethics in the form of practical, moral, and epistemic virtues. We propose that these three virtues are the link between the three factors and more effective decision-making and action taking in an unpredictable business world. A model is developed that conceptualizes the interconnection among the three factors and three virtues. This model has important academic and practical implications. For practice, the model points the way for both individuals and organizations to improve decision-making skills through the systematic expansion of perspectives gained through consideration of the three virtues. For academics, the model is an incremental, but important step in understanding the role of wisdom in management.
Starting Page	393
Ending Page	404
Page Count	12
File Format	PDF
ISSN	01674544
Journal	Journal of Business Ethics
Volume Number	120
Issue Number	3
e-ISSN	15730697
Language	English
Publisher	Springer Netherlands
Publisher Date	2013-03-20
Publisher Place	Dordrecht
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Wisdom Unpredictability Knowledge The limitations of knowledge Sustainability Ethics Virtue Innovation Business/Management Science Management/Business for Professionals Non-Profit Enterprises/Corporate Social Responsibility Quality of Life Research
Content Type	Text
Resource Type	Article
Subject	Arts and Humanities Business and International Management Law Economics and Econometrics

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
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4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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