The Role of Wisdom in Managerial Decision-Making: A Systematic Review with a Meta-Analytic Approach

Taher Javadi () and Rizki Damayanti ()
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Taher Javadi: Ph.D. student in Public Administration at Azad University, Ardabil Branch, Ardabil, IRAN
Rizki Damayanti: Department of International Relations Paramadina University, Jakarta, Indonesia

European Journal of Studies in Management and Business, 2025, vol. 34, 1-28

Abstract: Wisdom in management, leadership, and decision-making is an interdisciplinary approach crucial for enhancing organizational performance and increasing sustainability. This research employs a meta-analytic method to systematically review studies on practical wisdom, wise management, decision-making, leadership, organizational sustainability, and related dimensions. By analyzing 71 selected articles, the present study provides a comprehensive conceptual model of the role of wisdom in management. The findings indicate that managerial wisdom influences strategic and ethical decision-making and is key to effective leadership, change management, innovation, and sustainable development. Additionally, organizations whose leaders operate based on organizational wisdom and continuous learning demonstrate better performance regarding flexibility, organizational justice, empathy, and employee satisfaction. This research, which examines various dimensions of wisdom, offers suggestions for knowledge management, improving organizational culture, and developing wisdom-oriented capabilities in organizational policymaking, thereby serving as a foundation for future research and the design of training programs for managers.

Keywords: Wise Management; Practical Wisdom; Decision-Making; Leadership; Meta-Analysis; Organizational Sustainability; Management Development (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:bco:mbrqaa::v:34:y:2025:p:1-28

DOI: 10.32038/mbrq.2025.34.01

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