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Paul E. Bierly III & Robert W. Kolodinsky

In: Handbook of Organizational and Managerial Wisdom

Chapter 4: Strategic Logic—Toward a Wisdom-Based Approach to Strategic Management

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Strategic Logic—Toward a Wisdom-Based Approach to Strategic Management
Strategic logic—toward a wisdom-based approach to strategic management

Wisdom is a fascinating and captivating concept. For thousands of years, philosophers and theologians have pondered its meaning and value, commonly attributing great reverence and awe to those few possessing it. Probably because of the confusion about the term and the ambiguity of its meaning, wisdom has remained mostly absent from the mainstream management literature, with the most notable exceptions being work from authors of chapters in this book. In particular, the field of strategic management has not sufficiently included the concept of wisdom in theoretical frameworks or empirical studies. However, as many have yearned for a better understanding of organizational knowledge and have struggled to successfully apply the knowledge-based ...

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