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Conceptualizing and contextualizing "executive wisdom" as a framework for business leadership : A grounded theory approach
Intezari, Ali McKenna, Bernard Rahmati, Mohammad Hossein
Intezari, Ali
McKenna, Bernard
Rahmati, Mohammad Hossein
Abstract
This study contextualizes business leaders’ perspectives on business-society interaction through the theoretical lens of wisdom. Morally effective interaction between business and society relies on shared perceptions of expected values grounded in leaders’ virtuous behavior. Through empirical fieldwork across industries in a developing society, the article documents how local business leaders perceive wise leadership in dealing with socially complex problems. Using grounded theory, we inductively developed a model of wisdom, executive wisdom, that identifies 14 characteristics of wisdom, located in three groups: technē, wise decisions, and virtuous disposition. The findings broaden the view of the complex nature of wise decision-making in the business-society context.
Keywords
decision-making, executive wisdom, grounded theory, leadership, non-Western context
Date
2024
Type
Journal article
Journal
Business and Society
Book
Volume
Issue
Page Range
1-102
Article Number
ACU Department
Collections
Relation URI
Source URL
Event URL
Open Access Status
Published as ‘gold’ (paid) open access
License
CC BY-NC 4.0
File Access
Open
Notes
© The Author(s) 2024.
This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access page (https://us.sagepub.com/en-us/nam/open-access-at-sage).