Introduction to Practical Wisdom and Sustainability

René Schmidpeter () and Bonnie Lewtas ()
Additional contact information
René Schmidpeter: Cologne Business School (CBS)
Bonnie Lewtas: Cologne Business School (CBS)

A chapter in Cultural Roots of Sustainable Management, 2016, pp 1-5 from Springer

Abstract: Abstract Practical wisdom comes in many different forms. It can be gathered from ancient teachings, cultural heritage, community development, childhood experiences, a journey across the world or even a walk in the forest. In business, to support practical wisdom, is to allow employees the confidence to make decisions based on internal strengths such as moral reasoning, vision and intuition. Sustainability is about developing a long-term perspective and approach to all business matters. The concept is best developed by those who genuinely care about progressing towards a more stable future for the benefit of all. Couple unpredictable external factors, abstract approaches and differences of opinion related to sustainable development with the inherent goal of maintaining a successful business, and making appropriate decisions can become downright confusing. Therefore, it is more important than ever that organizational leaders realise that, while the concept of sustainable development in business has gained recent attention in public discourse, it is nothing new. There exists a wealth of knowledge from around the world hidden in religious teachings, aboriginal customs, community and individual values that can shed light on how to deal with today’s challenges in the most appropriate and sustainable way possible.

Keywords: Social Entrepreneurship; Practical Wisdom; Sustainability Initiative; Biblical Text; American Perspective (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-319-28287-9_1

Ordering information: This item can be ordered from
http://www.springer.com/9783319282879

DOI: 10.1007/978-3-319-28287-9_1

Access Statistics for this chapter

More chapters in CSR, Sustainability, Ethics & Governance from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().