Peltonen Towards Wise Management

Wisdom and Stupidity in Strategic Decision-making
1. Auflage 2018
ISBN: 978-3-319-91719-1
Verlag: Springer International Publishing
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 220 Seiten

Reihe: Progress in Mathematics

This book contributes to the discussion on wisdom in management, leadership and strategy by developing a unique theoretical approach. Integrating rational-analytical, intuitive and philosophical dimensions of wise decision-making, it advocates a broadly Platonic-Socratic view on wisdom. Applying a developed framework of wisdom dynamics, it analyses a number of decision-making case studies in order to discuss the potential of and obstacles to the use of wisdom in broader organizational trends, from the Cuban Missile Crisis to the downfall of Nokia.

Tuomo Peltonen is a Docent in Organization and Management at Aalto University School of Business, Finland.

Autoren/Hrsg.

Peltonen, Tuomo

Inhaltsverzeichnis

1;Preface;5
2;Contents;7
3;List of Figures;9
4;List of Tables;10
5;1: Introduction;11
5.1;1.1 What Is Wisdom?;19
5.2;1.2 The Modern Era and the Degradation of Wisdom Culture;22
5.3;1.3 The Goals of This Book, and Its Position in Relation to Other Wisdom Literature;25
5.3.1;1.3.1 The Structure of This Book;30
5.4;Bibliography;31
6;2: The Three Levels of Wisdom;36
6.1;2.1 Analytical-Rational Information;37
6.2;2.2 Intuitive-Experiential Understanding;40
6.3;2.3 Philosophical Wisdom;46
6.4;2.4 Illustrating the Manifestations of the Three Levels in Managerial Work;51
6.5;2.5 The Connections Between the Three Levels;53
6.5.1;2.5.1 Obstacles to the Construction of Wisdom;55
6.6;2.6 Organisation as the Shaper of Wisdom;60
6.6.1;2.6.1 Closed Bureaucracy;60
6.6.2;2.6.2 Groupthink;63
6.6.3;2.6.3 Wisdom and New Forms of Organisation;68
6.7;2.7 The Application of the Framework in the Analysis of Various Strategic Situations;70
6.7.1;2.7.1 A Methodological Note on Analysing Past Decision Situations and Processes;72
6.8;Bibliography;73
7;3: Case Study 1: Wise Leadership During the Cuban Missile Crisis;78
7.1;3.1 Crisis Overview Based on the Recordings;81
7.1.1;3.1.1 The First Meetings;81
7.1.2;3.1.2 The Military Option Rises to the Fore;85
7.1.3;3.1.3 Towards a Naval Blockade;87
7.1.4;3.1.4 Difficult Reactions from Near and Far;89
7.1.5;3.1.5 The First Promising Signals About the Opposing Side’s Change of Heart;90
7.1.6;3.1.6 The President Versus the Rest of ExComm;93
7.1.7;3.1.7 Two Messages from Khrushchev;94
7.1.8;3.1.8 Critical Moments and the President’s Secret Plan;98
7.2;3.2 Conclusions from the Perspective of Wisdom;101
7.3;Bibliography;110
8;4: Case Study 2: The Wisdom and Stupidity of Military Calculations in International Politics;112
8.1;4.1 Mannerheim and the Soviet Union’s Large-Scale Attack in June 1944;113
8.2;4.2 Stalin and Germany’s Surprise Attack on the Soviet Union in June 1941;122
8.3;4.3 War Panic in the Soviet Union in the Early 1980s;129
8.4;4.4 Summary;139
8.5;Bibliography;141
9;5: Case Study 3: Interpretations of the Emergence of the Financial Crisis in the Finnish Print Media;144
9.1;5.1 Analysis;147
9.1.1;5.1.1 2006;147
9.1.1.1;March;147
9.1.1.2;Spring and Summer 2006;148
9.1.1.3;Autumn 2006;149
9.1.2;5.1.2 2007;150
9.1.2.1;Early 2007;150
9.1.2.2;Summer and Autumn 2007;151
9.1.3;5.1.3 2008;154
9.1.3.1;Early 2008;154
9.1.3.2;Autumn 2008;156
9.1.4;5.1.4 2009;160
9.1.4.1;Early 2009;160
9.1.5;5.1.5 Conclusions;163
9.2;5.2 Elements of Wisdom in the Media’s Interpretations;168
9.3;Bibliography;169
10;6: Case Study 4: The Collapse of Nokia’s Mobile Phone Business;171
10.1;6.1 Nokia’s Story;175
10.2;6.2 Jorma Ollila’s Story;179
10.3;6.3 Apple and the iPhone;185
10.4;6.4 Why Was Nokia Unable to React to a Transformed Competitive Environment During 2007–2010?;189
10.5;Bibliography;194
11;7: In Conclusion: The Opportunities and Obstacles of Reinforcing Wisdom in Management;197
11.1;7.1 How to Develop Wisdom;198
11.2;7.2 Reinforcing Management Wisdom in Practice;202
11.2.1;7.2.1 A Management Training Reform;202
11.2.2;7.2.2 Rethinking the Managerial Career System;207
11.3;Bibliography;214
12;Index;217