Towards Wise Management Wisdom and Stupidity in Strategic Decision-m

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 P

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TOWARDS WISE MANAGEMENT Wisdom and Stupidity in Strategic Decision-making

Towards Wise Management

“This book is a refreshing and out-of-­the-box contribution to the discussions on managerial decision-­making and leadership. It combines philosophical insights with a series of historical and contemporary case studies that illuminate the multifaceted processes around wisdom and stupidity in critical strategic situations. It provides invaluable reading for students and practitioners of strategic decision-making.” —Henrikki Tikkanen, A. I. Virtanen Professor of Marketing and Consumer Research, Aalto University School of Business, Finland “Wise reflection on wise management by a wise researcher. Tuomo Peltonen’s book offers a badly needed antidote to the superficial leadership discourse of our times. The philosophically profound reflection in this book is not only an academic curiosity but also helps to understand key cases from history and the contemporary world; from the Cuban Missile Crisis, to the Second World War, to iPhone and Nokia.” —Eero Vaara, Professor of Organization and Management, Aalto University School of Business, Finland

Tuomo Peltonen

Towards Wise Management Wisdom and Stupidity in Strategic Decision-making

Tuomo Peltonen School of Business Aalto University Helsinki, Finland

ISBN 978-3-319-91718-4    ISBN 978-3-319-91719-1 (eBook) https://doi.org/10.1007/978-3-319-91719-1 Library of Congress Control Number: 2018944201 © The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer International Publishing AG, part of Springer Nature 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors, and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Palgrave Macmillan imprint is published by the registered company Springer International Publishing AG part of Springer Nature. The registered company address is: Gewerbestrasse 1