Wisdom and management in the knowledge economy

David Rooney*, Bernard McKenna, Peter Liesch

*Corresponding author for this work

Research output: Book/ReportBookpeer-review

61 Citations (Scopus)

Abstract

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.

Original languageEnglish
Place of PublicationNew York
PublisherRoutledge, Taylor and Francis Group
Number of pages260
ISBN (Electronic)0203852796, 9780203852798
ISBN (Print)0203852796, 9780203852798
DOIs
Publication statusPublished - 24 Feb 2010
Externally publishedYes

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