Towards a Wisdom－Unleashing Company

다국어 초록 (Multilingual Abstract)

[Purpose]Despite today’s unprecedented level of abundance in information and knowledge to human kind and business corporations in particular, the harsh reality of questioning sustainability in natural environment, society, and human being itself mainly caused by business proposes a legitimate question of the right use of knowledge in management, i.e., wisdom. The purpose of this study is to present an integrated model of the Wisdom－Unleashing Company by integrating the two seminal researches on wisdom (Sternberg, 1998) and knowledge management (Nonaka and Takeuchi, 1995) respectively. In the model, the SECI processes are mediated by values toward the achievement of a common good through a balance of interests, timeline, and environmental contexts.
[Methodology]This paper develops a theoretical framework in understanding of the three propositions toward the wisdom－unleashing company based on the thorough literature review primarily on wisdom and knowledge management and organizational learning along with emerging new perspectives in organization management such as stakeholder management, positive organizational scholarship, sustainable management, and conscious business.
[Findings]The paper discusses the meaningful relevance of wisdom management to other emerging business perspectives such as stakeholder management paradigm and sustainable business. Finally this study suggests the implications of the newly emerging paradigm of the wisdom－unleashing company for the future of management education by introducing UN PRME(Principles for Responsible Management Education) movement.
[Implications]The 21st century business environment, which is characterized as the era of the 4th Industrial Revolution technological breakthrough and Globalization 4.0, calls for the transformation in management paradigm from the knowledge－creating company to the wisdom－unleashing company. In today’s chaotic world, all of the stakeholders in management education such as professors, students, corporate leaders, NGO leaders, and public sector policy makers are all invited to this meaningful journey toward a wisdom－unleashing company.

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