How To Build Practical Wisdom In Executive Education

Business environments are now frequently described as VUCA – volatile, uncertain, complex and ambiguous. The COVID–19 pandemic breaking out and spreading globally in 2020 serves as a case in point. Strategies, business models, tactics and plans set for the year were challenged. In this situation, executives around the world did not suffer from insufficient general knowledge about strategizing, business modelling or planning. This book posits that what practitioners and their organizations needed to survive and thrive is practical wisdom. Executive education institutions play a key role in supporting an executive’s learning. Embarking on exploratory research and journey of discovery, this study addresses the crucial questions of how do build practical wisdom in executive education and how do executive education course participants perceive the process of developing practical wisdom in business schools? The research adopts a constructivist grounded theory design and relies on in-depth interviews as the foundation for an emerging substantive theory. It portrays a three–act process and six concrete steps within them to explain how study participants grew their practical wisdom. The book and the presented research contribute to both the academic body of knowledge on how to learn better as well as how to add more value in executive education. Regarding practice, business school leaders and faculty members benefit from this research by critically comparing their approaches to the proposed model in order to trigger improvements. Finally, the individual program participant can gain a better understanding on how to learn faster and in more directions, which contributes to a better return on investment (ROI) and return on education (ROE). It also prepares the learner more adequately for this VUCA world.

In traditional business circles, wisdom is viewed with a certain scepticism, which is in part due to its historical associations with wisdom traditions and spiritual cultures. However, in business today, wisdom is emerging not only as a viable but also a necessary organizational and management practice. In particular, practical wisdom is being updated and retranslated for today’s issues and concerns in organizations. In recent years, leadership and organizational studies have initiated important changes in the way in which business-as-usual is conducted. In response to the increasingly complex and uncertain conditions of our international business environment, a growing community of ‘scholar-practitioners’ are pushing the boundaries of traditional organizational and leadership thinking and acting, making inroads into processes and applications of practical wisdom and ways of wise leading and managing. Given the unprecedented levels of challenges, dynamics and uncertainties that today’s organizations are exposed to, there is a need for a more integrative and sustainable approach to managing. Following the need for a reconsideration and revival of the meaning of wisdom, the editors explore vitalizing possibilities for the learning of wise practices in organizing and leading. This expansive range of domains where wisdom is currently being explored suggests a promising number of perspectives and possibilities for future inquiries and explorations into the nexus of wisdom and organization, leadership/management education and learning that benefits from cross-disciplinary synergies. This book will be of interest to those seeking to understand the growing significance of wisdom in relation to learning and teaching, especially in business and management education.

Are business schools on the wrong track? For many years, business schools enjoyed rising enrollments, positive media attention, and growing prestige in the business world. However, due to the disruption of Covid-19, many previously ignored issues relating to MBA programs resurfaced. As a result, MBA programs now face lower enrollments and intense criticism for being deficient in preparing future business leaders and ignoring essential topics like ethics, sustainability, and diversity and inclusion. The Future of Business Schools discusses these issues in the context of three critical areas: complexity, sustainability, and destiny

The progressive convergence of global economic and social structures calls for a rethinking of management practices as they relate to cultural diversity and moral values. A key element for coping with this transformational phenomenon is the Aristotelian concept of Practical Wisdom, which helps us to do the right thing, in the right way, at the right time and for the right reasons. Expert academics and practitioners share their insights into contemporary theories and conventions for ethical decision-making in diverse cultural contexts. About the Editors Martina Stangel-Meseke – professor of business psychology. Christine Boven – professor of intercultural management. Gershon Braun - lecturer of business ethics. André Habisch – professor of economics. Nicolai Scherle – professor of intercultural management and diversity. Frank Ihlenburg – managing partner of a change management consultancy.

In traditional business circles, wisdom is viewed with a certain scepticism, which is in part due to its historical associations with wisdom traditions and spiritual cultures. However, in business today, wisdom is emerging not only as a viable but also a necessary organizational and management practice. In particular, practical wisdom is being updated and retranslated for today’s issues and concerns in organizations. In recent years, leadership and organizational studies have initiated important changes in the way in which business-as-usual is conducted. In response to the increasingly complex and uncertain conditions of our international business environment, a growing community of ‘scholar-practitioners’ are pushing the boundaries of traditional organizational and leadership thinking and acting, making inroads into processes and applications of practical wisdom and ways of wise leading and managing. Given the unprecedented levels of challenges, dynamics and uncertainties that today’s organizations are exposed to, there is a need for a more integrative and sustainable approach to managing. Following the need for a reconsideration and revival of the meaning of wisdom, the editors explore vitalizing possibilities for the learning of wise practices in organizing and leading. This expansive range of domains where wisdom is currently being explored suggests a promising number of perspectives and possibilities for future inquiries and explorations into the nexus of wisdom and organization, leadership/management education and learning that benefits from cross-disciplinary synergies. This book will be of interest to those seeking to understand the growing significance of wisdom in relation to learning and teaching, especially in business and management education.

This up-to-date reference work explores theories, methods and practices of social work management education in higher education. It includes contributions from more than 30 scholars and researchers in the field of social work management education from more than 10 countries and 4 continents. The work is unique as it overcomes current barriers between the different sub-disciplines of social work didactics and management education, and takes into consideration the development of a discipline-specific Scholarship of Teaching and Learning (SoTL). The integrated and transdisciplinary approach to social work management education presented in this edited volume is of paramount importance to international scholars, teachers, practitioners, students and all other audiences interested in the field of education. The work provides an overview of the theoretical principles on how social work management can be taught and learned, and analyzes curricula, pedagogical approaches, actors, and socio-economic and institutional contexts of social work management at higher education institutions

Business education and executive development has been one of the most fascinating industries in the world and the fastest growing segment of higher education over the past decades. Today, it is experiencing change on a scale unprecedented since the foundation of the first business schools in the early 20th Century, both due to changes in the corporate environment and also due to the impact of the COVID-19 pandemic across all industries. In this context how do you create world-class educational and training institutions that can cope with those challenges, and be rigorous, vocationally relevant and suited to the corporate growing needs in this new fluid world? And how do you combine the very best of traditional academic values with new learning technologies to create an educational model that is fit to compete in the global economy, threatened today by populism, nationalism and economic turmoil? Yet, as daunting as it is, some institutions have already made significant progress in the journey. In this book Santiago Iñiguez de Onzoño, President of IE University, and Peter Lorange, former President of IMD, bring together contributions from leading figures from some of the world’s major universities. They share their experiences in addressing some of the challenges that the industry faces today, such as diversity and inclusion, employability, the role of AI and the advent of innovative new platforms. Packed with case studies of successful initiatives in business education and executive training, this is a truly visionary book. Authors anticipate future trends and share their in-depth knowledge of what it takes to build world-class educational providers – and their vision of higher education in the future.

The Handbook of Practical Wisdom presents a critically informed understanding of wise practices, contributing to more integrative organizational and leadership studies and practice. The focus on integration emphasises the interdependencies of practical wisdom in relation to members, groups and cultures of organisations in their socio-cultural spheres.