Entrepreneurial wisdom: incorporating the ethical and strategic dimensions of entrepreneurial decision-making

Dunham, Laura; McVea, John; Freeman, R. Edward

doi:10.1504/ijesb.2008.017386

Cited by 17 publications

(14 citation statements)

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“…This is consistent with the views that ethics and entrepreneurship are closely aligned (Harris et al, 2009) and entrepreneurial success necessitates moral imagination (Dunham et al, 2008). Ethical CSR, which concerns social expectations of businesses as demanded by stakeholders (Otubanjo et al, 2008) beyond self-interests (Luu, 2013b), steers organizational members to act proactively and innovatively with risk tolerance, for sustainable growth of the organization and its stakeholders.…”

supporting

confidence: 68%

From corporate social responsibility, through entrepreneurial orientation, to knowledge sharing

Tuan

2015

The Learning Organization

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Purpose – This paper aims to examine the role of antecedents such as corporate social responsibility (CSR) and entrepreneurial orientation in the chain effect to knowledge sharing among members of Cai Luong theatre companies in the Vietnamese context. Knowledge sharing contributes to the depth of the knowledge pool of both the individuals and the organization. Design/methodology/approach – The relationships among the constructs in the research model were established through structural equation modelling (SEM)-based analysis of cross-sectional data from 226 respondents of Cai Luong theatre companies in Vietnam. Findings – From research findings emerged the empirical proof for the positive effect of CSR on entrepreneurial orientation, which, in turn, contributes to the sharing of knowledge among theatre members. Originality/value – Research findings increase the breadth of knowledge management literature through the role of CSR and entrepreneurial orientation as activators of knowledge sharing.

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confidence: 68%

From corporate social responsibility, through entrepreneurial orientation, to knowledge sharing

Tuan

2015

The Learning Organization

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“…These are some of the reasons why practical wisdom is becoming more and more important in management literature. From the conceptual point of view, in fact, practical wisdom's field of application is very broad, and it may thus include various aspects of a company's organisation [4]: leadership [7], entrepreneurship [12], decision-making [22], problem-solving [24], HR management [10] and the education of managers [3]. In spite of its diverse contexts of theoretical application, the level of development of practical wisdom as a positive within company organisations is still very limited.…”

Section: Practical Wisdom Within the Firmmentioning

confidence: 99%

Can Practical Wisdom Mitigate the Negative Effects of Rule-following and Hyper-codification

Lugli¹,

Bertacchini²

2020

ujaf

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This article sets out to explain how practical wisdom, supported by rationality, can play a fundamental role in management and combat the main problems of rule-following and hyper-codification. The systematic use of Big Data, collected via the ever-increasing adoption of technology, has generated a large increase in the degree of standardisation of company procedures concerning not only physical and technical issues but above all decision-making. Applied to the solution of repetitive, easily codified problems, standardisation increases the level of efficiency, but when used for the resolution of complex problems it may partially, or even completely, preclude the pursuance of the common good. This may occur through the setting of rules which are not capable of fully describing reality, and their inappropriate use, which may lead, through their unthinking application, to a lack of morality, and even to the side-lining of earnings opportunities. We believe that practical wisdom is able to interact with necessary, unavoidable codification systems and rules to provide the right interface with circumstances, becoming a part of the decision-making process in its own right and not just a viewing lens for use retrospectively to verify whether the outcomes of decisions taken have been effective in pursuing the common good.

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“…Although practical wisdom reflects self-interest, it transcends this level and strives towards a positive social impact for society at large (Sternberg 1998). Practically wise decision-makers, therefore, are open-minded to considering the interests of society and involving stakeholders with various interests in making complicated decisions (Dunham et al 2008). Bachmann et al (2018b) elaborate on this, by stating that practically wise leaders have Bthe social aptness and sensibility to be aware of, and to act in congruence with, their own needs and interests, as well as with those of others and those of society as a whole^.…”

Section: Stakeholder Dialogue: a Holistic Perspectivementioning

confidence: 99%

The Practical Wisdom behind the GRI

Sasse-Werhahn

2019

Humanist Manag J

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In an effort to meet growing stakeholder demands for transparency, accountability, and responsibility, many large organizations globally have voluntarily adopted the Global Reporting Initiative (GRI) guidelines. Moreover, triggered by recent management transgressions, the ancient virtue of practical wisdom (phronesis) has gained increased attention from management scholars, who argue that the Aristotelian concept, with its interdisciplinary nature, has the capacity of turning management back into a holistic, contextual, and virtue-orientated practice. Especially the fact that practical wisdom is firmly based on normative values, coupled with the emphasis on experience and practice, makes it well suited as a leitmotif for sustainable and responsible management. This conceptual paper builds on the link between practical wisdom and sustainability. I argue that the GRI may be regarded as an example of procedural practical wisdom in the context of sustainability reporting, specifically in terms of its emphasis on the holistic and situational dimensions, articulated through the concepts of materiality analysis and stakeholder dialogue. Practical implications, limitations, and avenues for further research are discussed.

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Entrepreneurial wisdom: incorporating the ethical and strategic dimensions of entrepreneurial decision-making

Cited by 17 publications

References 0 publications

From corporate social responsibility, through entrepreneurial orientation, to knowledge sharing

From corporate social responsibility, through entrepreneurial orientation, to knowledge sharing

Can Practical Wisdom Mitigate the Negative Effects of Rule-following and Hyper-codification

The Practical Wisdom behind the GRI

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