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Wisdom, Analytics and Wicked Problems - Integral Decision Making for the Data Age (Paperback)
Loot Price: R1,268
Discovery Miles 12 680
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Wisdom, Analytics and Wicked Problems - Integral Decision Making for the Data Age (Paperback)
Series: The Practical Wisdom in Leadership and Organization Series
Expected to ship within 12 - 17 working days
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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.
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