This paper addresses the question, how does wisdom contribute to management in circumstances of extreme unpredictability? We first discuss three key factors that fundamentally affect the conduct of business—human, knowledge, and the environment—as well as their characteristics and...

Introduction / by Wendelin Küpers -- Foreword / by David Rooney -- Introduction 1: wisdom from ancient philosophy to modern psychology -- Understanding practical wisdom in business and management : an inter-disciplinary perspective -- Organizational problems : why decision situations can be...