Because the context for wise leaders will be increasingly complex, wise leaders must develop capacities for tolerating ambiguous situations and dealing with uncertainty. This chapter revives the ancient concept of wisdom, which has been absent from Western management discourse, and looks for ways to link with the Islamic tradition. We focus on two principles of social practice wisdom: ontological acuity, challenging epistemic knowledge by critiquing its ontological foundations, and virtuous outcomes. It also calls for imagination and creativity - the social imaginary - to see beyond orthodoxies and common assumptions. We consider the global
complexities of environmental destruction, the so-called clash of cultures, and globalization. To deal with these, wise people must use technē, expert knowledge, and phronesis, the ability to balance instrumental rationality with value rationality.
|Title of host publication||The New faces of organizations in the 21st century|
|Editors||Mohammad A Sarlak|
|Place of Publication||Canada|
|Number of pages||30|
|Publication status||Published - 2012|
|Name||The New faces of organizations in the 21st century|