We trace the genealogy of wisdom to show that its status in epistemological and management discourse has gradually declined since the Scientific Revolution. As the status of wisdom has declined, so the status of rational science has grown. We argue that the effects on the practice of management of the decline of wisdom may impede management practice by clouding judgment, degrading decision making, and compromising ethical standards. We show that wisdom combines transcendent intellection and rational process with ethics to provide (...) a balanced and integrated way of knowing, deciding, and acting for managers in a complex and uncertain business environment. Finally, we discuss the role and value of wisdom across a range of business functions including knowledge management, strategic management, leadership and international business. (shrink)

This essay examines Professor Phil Graham's contributions to the critical study of “futurology,” that is, the creation and use of projections of the future by elite social actors and institutions. Professor Graham was one of the first to examine the linguistic constitution and ideological implications of futurological projections within neoliberal discourses. I review this work and situate it within the broader field of Critical Futures Studies (CFS), a line of inquiry which seeks to interrogate and challenge dominant projections of the (...) future. Specifically, I outline key concerns raised by both CFS and Graham concerning the impact technocratic practices and discourses of neoliberalism have on conceptions of the future. I then review the analytic approach underlying Graham's work, as well as specific contributions and insights his analyses offer critical futures scholarship. (shrink)