Understanding the Elements and Outcomes of Executive Wisdom
New Ethical Leadership article: Kolodinsky and Bierly (2013). Understanding the elements and outcomes of executive wisdom: A strategic approach. Journal of Management & Organisation, 19, pp 1-24.
In Bob Kolodinsky’s most recent article “Understanding the Elements and Outcomes of Executive Wisdom: A Strategic Approach,” he and co-author Paul Bierly examine the importance of executive wisdom. The authors argue that the four foundational characteristics of executive wisdom are knowledge developed through prior learning and experience, moral maturity, reflective strategic decision-making, and the ability to manage uncertainty. Executives possessing these characteristics are better able to make enlightened strategic judgments that can then be implemented within the organization. The success of these types of implementation depend on the executive’s leadership skills. If an executive possesses these four characteristics of executive wisdom, then the organization will become more effective. The paper aims to help improve manager’s understanding of how to become a wise executive.