Beyond knowledge to wisdom in international business strategy

Bernard McKenna, David Rooney, Peter W. Liesch

Research output: Contribution to journalArticlepeer-review

13 Citations (Scopus)

Abstract

A wisdom approach is advanced as a means of breaking the mimesis of institutional isomorphism that is observed both in the practice and scholarship of orthodox business management. Nine principles of wisdom derived from the Aristotelian tradition and contemporary psychological research are provided. These are then tested in an international business case study. This analysis supports the case that, while rational judgment is necessary, wise management also requires a capacity for counter-intuition, vision, and humanity. It also shows that wisdom in management must ultimately be practical. When practised by wise managers, such wisdom can opportunistically circumvent the discursive limitations imposed by current orthodoxy in the turbulent, ephemeral conditions of international business and its management.

Original languageEnglish
Pages (from-to)283-300
Number of pages18
JournalPrometheus (United Kingdom)
Volume24
Issue number3
DOIs
Publication statusPublished - 2006

Keywords

  • Case study
  • Counter-intuition
  • Discourse
  • Isomorphism
  • Metaheuristic
  • Strategy
  • Virtuous
  • Visionary
  • Wisdom

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