Today there are more technology, technologists, knowledge and
experts than at any time in human history; but from a global
perspective, it is difficult to argue that this accumulation of
knowledge and technology has put the world in an unambiguously
better position than it was in the past. Business is not getting
any easier to do and major corporate collapses based on poor
decisions, poor conduct, and poor judgement continue to occur. In
public administration too, basic institutions and services
(education, health, transport) seem to be continually undergoing
"crises" of inadequate delivery and excessive pressure. Wisdom and
Management in the Knowledge Economy explains why unwise managerial
practice can happen in a world characterized by an excess of
information and knowledge. Drawing on Aristotle's idea of practical
wisdom, the book develops a theory of social practice wisdom that
addresses important social psychological and sociological dynamics
that underpin wise management and organizations. As well as
providing a detailed theory of social practice wisdom, this book
considers practical issues in organizational communication,
behavior, culture, change and knowledge as well as in HRM,
leadership, ethics, strategy, international business, business
education, and wisdom research. By introducing the notion of social
practice wisdom, aspects of social structure, organizational
culture, and organizational communication needed for wisdom to
flourish are for the first time rendered visible in a way that
opens new possibilities for wiser management, wiser organizations,
and wisdom research.
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