Abstract
This chapter discusses the need for wisdom in business settings. It opens with a discussion of problems in the current business environment, especially with regard to tech companies. Then it discusses the nature of wisdom. Next it discusses a case study of wise leadership. Then it examines pressures gravitating against wise leadership in business. Next it discusses foolishness, which is a lack of wisdom, and toxicity, which is the opposite of wisdom. Finally it draws some conclusions.
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Sternberg, R.J. (2020). The Balance Theory of Wisdom Applied to Management: Balancing Profits with People. In: Schwartz, B., Bernacchio, C., González-Cantón, C., Robson, A. (eds) Handbook of Practical Wisdom in Business and Management. International Handbooks in Business Ethics. Springer, Cham. https://doi.org/10.1007/978-3-030-00140-7_13-1
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