Towards Wise Management, Softcover reprint of the original 1st ed. 2019
Wisdom and Stupidity in Strategic Decision-making

This book contributes to the discussion on wisdom in management, leadership and strategy by developing a unique theoretical approach. Integrating rational-analytical, intuitive and philosophical dimensions of wise decision-making, it advocates a broadly Platonic-Socratic view on wisdom. Applying a developed framework of wisdom dynamics, it analyses a number of decision-making case studies in order to discuss the potential of and obstacles to the use of wisdom in broader organizational trends, from the Cuban Missile Crisis to the downfall of Nokia.

1. Introduction

2. The Three Levels of Wisdom

3. Case Study 1: Wise Leadership During the Cuban Missile Crisis

4. Case Study 2: The Wisdom and Stupidity of Military Calculations in International Politics

5. Case Study 3: Interpretations of the Emergence of the Financial Crisis in the Finnish Print Media

6. Case Study 4: The Collapse of Nokia’s Mobile Phone Business                                                      

7. In Conclusion: The Opportunities and Obstacles of Reinforcing Wisdom in Management

Tuomo Peltonen is a Docent in Organization and Management at Aalto University School of Business, Finland.

Develops a new theoretical approach to the investigation of wisdom in management

Analyses a range of case studies in different organizations

Advocates a largely Platonic-Socratic view