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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Bibliographische Detailangaben
VerfasserInnen: Bachmann, Claudius 1987- (VerfasserIn) ; Habisch, André 1963- (VerfasserIn) ; Dierksmeier, Claus (VerfasserIn)
Medienart: Elektronisch Aufsatz
Sprache:Englisch
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Veröffentlicht: Springer Science + Business Media B. V 2018
In: Journal of business ethics
Jahr: 2018, Band: 153, Heft: 1, Seiten: 147-165
weitere Schlagwörter:B Prudence
B Business Ethics
B Practical Wisdom
B Management
B Phronesis
B Virtue Ethics
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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.
ISSN:1573-0697
Enthält:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/s10551-016-3417-y