scholarly journals The Relative Role of the Intellectual and Moral Virtues in Sustainable Management Decisions: The Case of Practical Wisdom and Justice

2020 ◽  
Author(s):  
Natàlia Cugueró-Escofet ◽  
Josep M. Rosanas
Keyword(s):  
Sustainable Management ◽  
Practical Wisdom ◽  
Relative Role ◽  
Management Decisions ◽  
Moral Virtues

scholarly journals The Relative Role of the Intellectual and Moral Virtues in Sustainable Management Decisions: The Case of Practical Wisdom and Justice

2020 ◽  
Vol 12 (3) ◽  
pp. 1156 ◽  
Author(s):  
Natàlia Cugueró-Escofet ◽  
Josep M. Rosanas
Keyword(s):  
Decision Making ◽  
Decision Maker ◽  
Sustainable Management ◽  
Practical Wisdom ◽  
Relative Role ◽  
Moral Virtues ◽  
Wise Person ◽  
The Status ◽  
The Ideal

We analyze the status of virtues in management by going in some depth into the two main virtues, justice and practical wisdom. We next study how ethics requires that all virtues should be present under the ideal concept of a ‘unity of virtues’ for a completely wise person and discuss the practical limitations of this concept. Then, we draw a framework for decision making depending on whether the decision maker possesses justice and practical wisdom or lacks one of them and then discuss which one is better to have. We conclude that justice is more important, as it is about setting objectives and prioritizing, whereas practical wisdom is about attaining these objectives, once listed, in a rationally wise and contextual way. Hence, we conclude that objectives (justice) must come first, because this makes it more likely that, in the end, practical wisdom is developed, and thus we end up having the two virtues.

scholarly journals Practical Wisdom for Sustainable Management and Knowledge Sharing

2020 ◽  
Vol 12 (10) ◽  
pp. 4173
Author(s):  
Natàlia Cugueró-Escofet ◽  
Josep M. Rosanas
Keyword(s):  
Decision Making ◽  
Sustainable Management ◽  
Practical Wisdom ◽  
Transfer Pricing ◽  
Management Control ◽  
Management Decisions ◽  
Managerial Decision ◽  
Moral Virtues ◽  
Types Of Knowledge ◽  
Balanced Scorecards

Practical wisdom (“phronēsis”) is an Aristotelian concept that has been incorporated into management research to a considerable extent in the last 20–30 years. This paper attempts to show how practical wisdom is necessary as a type of situational knowledge that is required for most management decisions to be sustainable. We start reviewing the types of knowledge necessary in decision-making, and we emphasize “practical wisdom” as the kind of knowledge that is particular and subjective, is acquired through practice, and is transmitted by example. We relate the concept of practical wisdom with the Hayek concept of knowledge of time and place, the Polanyi concept of tacit knowledge, and Nonaka’s knowledge management. We conclude that in most management decisions, phronēsis is required and, thus, is necessary to increase sustainability in terms of effectively sharing knowledge and acquiring virtues to improve managerial decision-making. Not considering phronēsis has bad implications for management as it can lead to unsustainable and poor decisions, for instance, in main areas of management control such as pricing policies, budgeting, balanced scorecards, transfer pricing, and goal setting. Along with the intellectual virtue of practical wisdom we conclude that moral virtues, specifically justice, should be the complement that guides organizational objectives.

Practical Wisdom and Honesty

2021 ◽  
pp. 113-133
Author(s):  
Christian B. Miller
Keyword(s):  
Practical Wisdom ◽  
Moral Virtues ◽  
Motivational States ◽  
Common Observation

The previous chapter focused on the motivational side of the virtue of honesty. But moral virtues are normally understood to consist of more than just motivational states. Virtuous thoughts of various kinds, for instance, play a role, and honesty is no exception. Here is another common observation about moral virtues: they are connected in some way to practical wisdom. This has long been held by Aristotelian approaches in particular, and it is important to clarify what relationship, if any, practical wisdom bears to honesty. Hence the goal of this chapter is to explore the role of virtuous thoughts and practical wisdom with respect to the virtue of honesty.

Self-Interest and Virtue

1997 ◽  
Vol 14 (1) ◽  
pp. 226-263 ◽  
Author(s):  
Neera K. Badhwar
Keyword(s):  
Human Nature ◽  
Common Sense ◽  
Practical Wisdom ◽  
Moral Virtues ◽  
Empirical Psychology ◽  
Recent Scholarship ◽  
Self Interest

The Aristotelian view that the moral virtues–the virtues of character informed by practical wisdom–are essential to an individual's happiness, and are thus in an individual's self-interest, has been little discussed outside of purely scholarly contexts. With a few exceptions, contemporary philosophers have tended to be suspicious of Aristotle's claims about human nature and the nature of rationality and happiness (eudaimonia). But recent scholarship has offered an interpretation of the basic elements of Aristotle's views of human nature and happiness, and of reason and virtue, that brings them more into line with common-sense thinking and with contemporary philosophical and empirical psychology. This makes it fruitful to reexamine the question of the role of virtue in self-interest.

scholarly journals Community-Based Conservation for the Sustainable Management of Conservation Conflicts: Learning from Practitioners

2021 ◽  
Vol 13 (14) ◽  
pp. 7557
Author(s):  
Juliette Claire Young ◽  
Justine Shanti Alexander ◽  
Ajay Bijoor ◽  
Deepshikha Sharma ◽  
Abhijit Dutta ◽  
...  
Keyword(s):  
Conflict Management ◽  
Case Studies ◽  
Sustainable Management ◽  
Local Communities ◽  
Snow Leopard ◽  
Community Based ◽  
Community Based Conservation ◽  
Strategic Support

We explore the role of community-based conservation (CBC) in the sustainable management of conservation conflicts by examining the experiences of conservation practitioners trying to address conflicts between snow leopard conservation and pastoralism in Asian mountains. Practitioner experiences are examined through the lens of the PARTNERS principles for CBC (Presence, Aptness, Respect, Transparency, Negotiation, Empathy, Responsiveness, and Strategic Support) that represent an inclusive conservation framework for effective and ethical engagement with local communities. Case studies from India, Kyrgyzstan, Mongolia, and Pakistan show that resilient relationships arising from respectful engagement and negotiation with local communities can provide a strong platform for robust conflict management. We highlight the heuristic value of documenting practitioner experiences in on-the-ground conflict management and community-based conservation efforts.

Sign in / Sign up

Export Citation Format

Share Document