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Article
Publication date: 1 April 2000

Eero Pantzar

Regarding the information society’s outcome, the only certainty is that there has been a revolution in the management of bit‐split knowledge and information. A flood of…

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6443

Abstract

Regarding the information society’s outcome, the only certainty is that there has been a revolution in the management of bit‐split knowledge and information. A flood of information has not significantly changed society in a direction or towards a state where a community could be characterized as a society of nearness, experience or citizenship, for example. Information and knowledge are probably the very concepts that have been confused most in the information society debate. Knowledge is to be understood as a phenomenon that is larger than information but uses information as its building material. Wisdom is additionally considered to include and cover the questions for which there are no unambiguous answers. It is wisdom that people use to estimate and distinguish good from evil and right from wrong. This is a task that calls for wisdom which computers do not have. Potential growth of wisdom in the information society is an issue that is difficult or impossible to say anything about with certainty. The reality of an information society includes the fact that wisdom is connected to moral and ethical judgements, and that the solutions are not always stronger than the powerseeking choices or egoistic interests of individuals, businesses, communities or states. Even if wisdom should promote the common good, it seems to be used, to an equal degree, to exclusively promote the good of the wise individual. But is it still wisdom we are talking about?

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Foresight, vol. 2 no. 2
Type: Research Article
ISSN: 1463-6689

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Article
Publication date: 1 October 2006

Jennifer Rowley

The article seeks to open the debate on the nature and role of wisdom in organisations.

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2720

Abstract

Purpose

The article seeks to open the debate on the nature and role of wisdom in organisations.

Design/methodology/approach

This paper conducts a review of the diverse writing on wisdom in the literatures of philosophy and psychology, and gathers in a number of passing references to wisdom in the knowledge management and management literatures. Its aim is to gather together existing views on the nature and relevance of wisdom in the context of management and organisations. This review is structured using the following four questions: why might wisdom be important in organisations? What is wisdom, and what is its relationship to knowledge? What is the link between wisdom and leadership? What is organisational wisdom and how can it be cultivated?

Findings

Building on previous literature, definitions are proposed for wisdom, organisational wisdom, wisdom management and triple loop learning. Wisdom is defined as the capacity to put into action the most appropriate behaviour, taking into account what is known (knowledge) and what does the most good (ethical and social considerations). Wisdom is identified as a central element of leadership. The concept of organisational wisdom translates wisdom from the individual to the organisational level, and poses the need to consider the processes associated with wisdom management. The conclusion uses this review as a platform to pose a number of further questions about wisdom in organisations.

Practical implications

An enhanced understanding of wisdom and related concepts such as organisational wisdom, managerial wisdom and wisdom management has the potential to provide a valuable contextualisation for knowledge management theory and practice, and other aspects of organisational behaviour that can support business performance and success.

Originality/value

Despite being identified as a capstone concept in the relationship between data, information and knowledge, neither the concept of wisdom within organisations nor the processes associated with the cultivation of wisdom have received much attention in the knowledge management, organisational learning or management literatures. This paper provokes further debate about wisdom by drawing on the diverse literatures that explore wisdom and reflecting on the relevance of wisdom in the context of management and organisations.

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Management Decision, vol. 44 no. 9
Type: Research Article
ISSN: 0025-1747

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Article
Publication date: 30 May 2008

Jean‐Baptiste P.L. Faucher, André M. Everett and Rob Lawson

The purpose of the paper is to improve traditional knowledge management models in light of complexity theory, emphasizing the importance of moving away from hierarchical

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8695

Abstract

Purpose

The purpose of the paper is to improve traditional knowledge management models in light of complexity theory, emphasizing the importance of moving away from hierarchical relationships among data, information, knowledge, and wisdom.

Design/methodology/approach

Traditional definitions and models are critically reviewed and their weaknesses highlighted. A transformational perspective of the traditional hierarchies is proposed to highlight the need to develop better perspectives. The paper demonstrates the holistic nature of data, information, knowledge, and wisdom, and how they are all based on an interpretation of existence.

Findings

Existing models are logically extended, by adopting a complexity‐based perspective, to propose a new model – the E2E model – which highlights the non‐linear relationships among existence, data, information, knowledge, wisdom, and enlightenment, as well as the nature of understanding as the process that defines the differences among these constructs. The meaning of metas (such as meta‐data, meta‐information, and meta‐knowledge) is discussed, and a reconstitution of knowledge management is proposed.

Practical implications

The importance of understanding as a concept to create useful metaphors for knowledge management practitioners is emphasized, and the crucial importance of the metas for knowledge management is shown.

Originality/value

A new model of the cognitive system of knowledge is proposed, based on application of complexity theory to knowledge management. Understanding is identified as the basis of the conversion process among an extended range of knowledge constructs, and the scope of knowledge management is redefined.

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Journal of Knowledge Management, vol. 12 no. 3
Type: Research Article
ISSN: 1367-3270

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Article
Publication date: 11 April 2008

Alex Bennet and David Bennet

The purpose of this paper is to explore the relationships among knowledge, wisdom, consciousness and extraordinary consciousness.

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1026

Abstract

Purpose

The purpose of this paper is to explore the relationships among knowledge, wisdom, consciousness and extraordinary consciousness.

Design/methodology/approach

After introducing knowledge, this paper provides: a short review of the literature on the concept of wisdom; an introduction to the concepts of ordinary and extraordinary consciousness; and a brief exploration of the relationships among these concepts.

Findings

Tacit knowledge is in relationship to wisdom. Since extraordinary consciousness by definition is heightened sensitivity to, awareness of, and connection with our unconscious mind, extraordinary consciousness is in support of wisdom.

Originality/value

Introduces concept of extraordinary consciousness.

Details

VINE, vol. 38 no. 1
Type: Research Article
ISSN: 0305-5728

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Article
Publication date: 31 August 2012

Paulo Pinheiro, Mário Raposo and Ricardo Hernández

The objective of this paper is to measure the level of organizational wisdom of firms and verify its influence on the value they produce.

Abstract

Purpose

The objective of this paper is to measure the level of organizational wisdom of firms and verify its influence on the value they produce.

Design/methodology/approach

This study seeks to establish linkage between organizational wisdom and value creation with the development of a new model based on the contributions of North's wisdom matrix and the Jordan and Jones model. The proposed model, using primary data from the Portuguese textile sector, is tested through recourse to a structural equation model.

Findings

The results point to the conclusion that companies with high organizational wisdom do manage to improve their efficiency and effectiveness but this proves insufficient for actually increasing the level of value created when taking into account the industry's prevailing environment.

Practical implications

Firms may apply this model to ascertain their level of organizational wisdom. This model may also be deployed to determine this organizational wisdom level for a set of companies (a company cluster) or even a sector.

Originality/value

The main contribution of this paper stems from the explanatory value of the proposed model as it enables the measurement of a firm's organizational wisdom and its influence on the final value produced.

Details

Management Decision, vol. 50 no. 8
Type: Research Article
ISSN: 0025-1747

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Article
Publication date: 1 December 2000

Paul E. Bierly, Eric H. Kessler and Edward W. Christensen

To improve our understanding of the impact of organizational learning and knowledge on competitive advantage, we propose a framework that includes the constructs of data…

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10791

Abstract

To improve our understanding of the impact of organizational learning and knowledge on competitive advantage, we propose a framework that includes the constructs of data, information, knowledge, and wisdom. Each of these constructs is then associated with a different type of learning. We further argue that wisdom is an important, albeit missing, construct in the knowledge‐based theory of the firm. A key to organizational wisdom is judgement and decision making, which requires an understanding of the complexity of a situation, but also requires the ability to make sense and simplify so that action can be taken. Three important drivers for the development of organizational wisdom are experience, a passion to learn, and spirituality. Processes for acquiring organizational wisdom such as transformational leadership, organizational culture and knowledge transfer are also discussed.

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Journal of Organizational Change Management, vol. 13 no. 6
Type: Research Article
ISSN: 0953-4814

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Article
Publication date: 1 March 2006

Jennifer Rowley

This article aims to define and explore the nature of wisdom, managerial wisdom, organisational wisdom and wisdom management.

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6605

Abstract

Purpose

This article aims to define and explore the nature of wisdom, managerial wisdom, organisational wisdom and wisdom management.

Design/methodology/approach

The paper draws on some of the diverse writings on wisdom, and explores the relevance of wisdom in the context of knowledge management.

Findings

Wisdom has received little attention in the information management and systems, knowledge management and management literature. This is surprising since in this knowledge‐based economy the link between data, information and knowledge is seen as pivotal by practitioners, consultants and academics.

Originality/value

The article explores the nature of organisational wisdom and identifies a number of areas for further theory‐making and empirical investigation.

Details

Journal of Documentation, vol. 62 no. 2
Type: Research Article
ISSN: 0022-0418

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Article
Publication date: 1 September 1997

Peter Matthews

This paper reports on the development of Aqua Universitas ‐ Anglian Water’s University of Water ‐ and the Company’s journey towards wisdom creation. It supports the…

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1365

Abstract

This paper reports on the development of Aqua Universitas ‐ Anglian Water’s University of Water ‐ and the Company’s journey towards wisdom creation. It supports the Company’s vision of “creating and sustaining knowledge for sustainable water management”. This vision draws on the work done by Nonaka and Takeuchi and recognizes different kinds of knowledge and methods of knowledge transfer. Aqua Universitas will enable Anglian Water to have the best people, teams and organization to provide the best service ‐ through wisdom creation and exploitation.

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Journal of Knowledge Management, vol. 1 no. 3
Type: Research Article
ISSN: 1367-3270

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Article
Publication date: 1 August 2002

Rosa San Segundo

At this time, not all of the versions and definitions of the concept of knowledge have been compiled within the scope of science. It is not the object of knowledge but…

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1655

Abstract

At this time, not all of the versions and definitions of the concept of knowledge have been compiled within the scope of science. It is not the object of knowledge but rather the subject that knows, or in other words, the cognitive ability of the subject The process is as follows: to produce information, and on the basis of that information, to produce knowledge, and on the basis of that knowledge, wisdom. In the context of globalisation of information, the memory was the method of knowing. The organisation, processing and retrieval of information tend to take on a structure and design according to the information‐processing model of the human mind. This discontinuity is made up of the new forms of artificial knowledge and artificial wisdom. The pillars of the new society of knowledge are settling on the basis of productivity and utility, and this has turned knowledge into nothing more than productive information.

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Online Information Review, vol. 26 no. 4
Type: Research Article
ISSN: 1468-4527

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Article
Publication date: 22 February 2011

Miguel Goede

The purpose of this paper is to explore beyond the knowledge economy and venture into the wise society.

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1433

Abstract

Purpose

The purpose of this paper is to explore beyond the knowledge economy and venture into the wise society.

Design/methodology/approach

The paper is a review of existing publications and original thinking.

Findings

The word is at the dawn of the wise society. Science and universities have a crucial role to play on the path towards such a society.

Originality/value

The paper contributes to the understanding and the development from knowledge to wisdom.

Details

Foresight, vol. 13 no. 1
Type: Research Article
ISSN: 1463-6689

Keywords

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