Wisdom Management: A Semantic Analysis

Bratianu Constantin () and Ruxandra Bejinaru
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Bratianu Constantin: National University of Political Studies and Public Administration (SNSPA), Bucharest, Romania

Proceedings of the International Conference on Business Excellence, 2023, vol. 17, issue 1, 1167-1178

Abstract: The purpose of this paper is to perform a semantic analysis of wisdom management that constitutes the driving force for a wise company. That is a company whose goal goes beyond the economic paradigm based on profit maximization. It is a company where managers apply practical wisdom in their decision making processes. Aristotle used to call this practical wisdom phronesis and to consider a higher-order knowledge in his knowledge ontology. Although in the literature there are many papers and books focusing on phronesis, there is no critical analysis from a semantic point of view that is necessary to understand what it is and how it can be applied in wisdom management. Also, for a deeper investigation of the semantic clusters associated with wisdom management, we perform a bibliometric analysis using VOSviewer, a specialized software for such kinds of studies. Our findings show that wisdom management represents a kind of idealistic process because it is based on o set of values that are not converging toward profit maximization but toward a sustainable company focusing on the well-being of all employees and of the community where the company operates. Wisdom management deeds wise leaders and a wise education for them, which are still far from the present reality.

Keywords: knowledge management; leadership; spiritual knowledge; wisdom; practical wisdom; wisdom management (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:17:y:2023:i:1:p:1167-1178:n:3

DOI: 10.2478/picbe-2023-0105

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