Practical Wisdom: Management's No Longer Forgotten Virtue

The ancient virtue of practical wisdom has lately been enjoying a remarkable renaissance in management literature. The purpose of this article is to add clarity and bring synergy to the interdisciplinary debate. In a review of the wide-ranging field of the existing literature from a philosophical, t...

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Veröffentlicht in:Journal of business ethics Jg. 153; H. 1; S. 147 - 165
Hauptverfasser: Bachmann, Claudius, Habisch, André, Dierksmeier, Claus
Format: Journal Article
Sprache:Englisch
Veröffentlicht: Dordrecht Springer 01.11.2018
Springer Netherlands
Springer Nature B.V
Schlagworte:
Business and Management
Business Ethics
Education
Ethics
Interdisciplinary aspects
Justification
Literature
Literature reviews
Management
Morality
Original Paper
Philosophy
Quality of Life Research
Traditions
Virtue ethics
Wisdom
Prudence
Practical wisdom
Virtue ethics
Phronesis
Management
Business ethics
ISSN:0167-4544, 1573-0697
Online-Zugang:Volltext
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Zusammenfassung:The ancient virtue of practical wisdom has lately been enjoying a remarkable renaissance in management literature. The purpose of this article is to add clarity and bring synergy to the interdisciplinary debate. In a review of the wide-ranging field of the existing literature from a philosophical, theological, psychological, and managerial perspective, we show that, although different in terms of approach, methodologies, and justification, the distinct traditions of research on practical wisdom can indeed complement one another. We suggest a conciliatory conception of the various features of practical wisdom in management. This we take as a point of departure for a discussion of the significant implications of the subject for the theory and practice of management and for the direction of further research in the field.
Bibliographie:ObjectType-Article-1
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ISSN:0167-4544
1573-0697
DOI:10.1007/s10551-016-3417-y