Why do some corporate superstars collapse dramatically, while
others survive and prosper over many decades? Is the fall primarily
caused by 'technical factors', such as poor products and pricing,
financial management or market choices, by self-aggrandisement, or
perhaps by poor leadership attributes and capabilities? Greg Park
argues that ultimately organisational survival and optimal
performance over the long term is dependent upon collaborative
wisdom. Within the dominant coalition of a successful community or
corporation there is an inherited, pervasive, commonly and
collectively held dominant logic, comprising leadership principles,
perspectives and priorities, based upon universal values which are
understood and accepted as satisfying the requirements and
aspirations of each stakeholder. This collaborative wisdom ensures
cohesive and consistent behaviour across and within every function
of a complex, fast-moving organization. Its practical application
is reflected in the daily operational decisions of leaders within
the organisation, be they divisional, departmental heads or
supervisors. Without collaborative wisdom organisational collapse
is the inevitable result, primarily through the disintegration of
belief, confidence, motivation, cohesion, advocacy and energy
within and between key stakeholder groups. Collaborative Wisdom
examines the nature and criticality of wisdom as a leadership
attribute, how effective operational leadership is not just about
knowledge and experience, but more fundamentally about a cognitive
mental process which considers and consistently applies fundamental
values, principles, perspectives and priorities in an analytical
and affective manner. This ensures effective operational leadership
and optimal organisational performance over the long term, informed
by experience, instinct, intuition, but also by insight, judgment
and ultimately, wisdom.
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