Wisdom and Management in the Knowledge Economy: 1st Edition (Paperback) book cover

Wisdom and Management in the Knowledge Economy

1st Edition

By David Rooney, Bernard McKenna, Peter Liesch


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Today there are more technology, technologists, knowledge and experts than at any time in human history; but from a global perspective, it is difficult to argue that this accumulation of knowledge and technology has put the world in an unambiguously better position than it was in the past. Business is not getting any easier to do and major corporate collapses based on poor decisions, poor conduct, and poor judgement continue to occur. In public administration too, basic institutions and services (education, health, transport) seem to be continually undergoing “crises” of inadequate delivery and excessive pressure. Wisdom and Management in the Knowledge Economy explains why unwise managerial practice can happen in a world characterized by an excess of information and knowledge.

Drawing on Aristotle’s idea of practical wisdom, the book develops a theory of social practice wisdom that addresses important social psychological and sociological dynamics that underpin wise management and organizations. As well as providing a detailed theory of social practice wisdom, this book considers practical issues in organizational communication, behavior, culture, change and knowledge as well as in HRM, leadership, ethics, strategy, international business, business education, and wisdom research. By introducing the notion of social practice wisdom, aspects of social structure, organizational culture, and organizational communication needed for wisdom to flourish are for the first time rendered visible in a way that opens new possibilities for wiser management, wiser organizations, and wisdom research.

Table of Contents

1. Wise Business in a Knowledge Society 2. What is Wisdom 3. Where did Talk of it Go? 4. Change, Ephemerality, and Fads 5. Knowledge, Innovation and Creativity 6. Human Resource Management 7. Public Administration 8. Strategy and Business Policy 9. International Business 10. Communication Management 11. Intellectual Leadership and the Wise Leader 12. Management Education 13. Wisdom Problematics and Limitations

About the Authors

David Rooney is a Senior Lecturer in Knowledge Management, UQ Business School. He has researched, taught and published widely in the areas of the knowledge-based economy, knowledge management, and wisdom. His books include Public Policy in the Knowledge-Based Economy, the Handbook on the Knowledge Economy, and Knowledge Policy: Challenges for the Twenty First Century. Rooney has published in many leading academic journals including The Leadership Quarterly, Public Administration Review, Human Relations, and Management Communication Quarterly.

Peter Liesch is a Professor of International Business and Chair of the Strategy Cluster in the UQ Business School at The University of Queensland, Australia. He has a textbook published by McGraw-Hill: Dowling, Liesch, Gray and Hill (2009) International Business, Asia-Pacific Edition. He has published many book chapters, and widely in academic journals including Journal of International Business Studies, Journal of Operations Management, Journal of World Business, and others. He is Editor of the Management & Entrepreneurship Department at the Journal of World Business.

Bernard McKenna is a Senior Lecturer in Communication, UQ Business School. He has won two large industry-funded ARC grants and has about 100 research outputs (including books, book chapters, journal articles, conference papers, and other publications). Academic journal publications include Applied Linguistics, Critical Discourse Studies, Leadership Quarterly , and others. He is on the Advisory Board of the Journal of Technical Writing and Communication, Critical Discourse Studies (also Book Review Editor), Communication Studies, and Critical Approaches to Discourse Analysis across Disciplines.

About the Series

Routledge Research in Strategic Management

Concerned primarily with responses to external issues such as in understanding customers' needs and responding to competitive forces, strategic management is dynamic, defining the decisions that provide overall direction and objectives to an organization. This series explores, develops and critiques the numerous models and frameworks designed to assist in strategic decision making in internal and external environments. It publishes scholarly research in all methodologies and perspectives that comprise the discipline, and welcomes diverse multi-disciplinary research methods, including qualitative and quantitative studies, conceptual and computational models.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economic Conditions
BUSINESS & ECONOMICS / Economic History