Wise leadership pays off. Here’s how to apply it in the workplace
In a global context marked by chaos and turbulence, technological advancements, health crises, marketplace alterations, shifting demographics and organizational foolishness, the demand for more adaptive and reflective forms of leadership has become a necessity. Given this context, wisdom can provide a meaningful understanding of “good” leadership to navigate such turbulence and seize the opportunities that come along with it. As such, wisdom constitutes a cornerstone of effective leadership and serves as a key driver of organizational excellence.
How do leaders ‘wise up’?
To put wisdom to good use in leadership, in one of our research pieces, we developed a valid “wise leadership scale”, designed to assess the extent to which leaders and managers demonstrate wisdom within organizations by gathering data in France and Morocco. In a recent research output, we validated the new wise leadership scale using data collected from Canada, China and Morocco. How do we define wise leadership?
Wise leadership is oriented toward enabling others to contribute meaningfully to the flourishing of individuals, organizations, and the wider community.
We conceptualised wise leaders as individuals who enact normatively positive behaviours through four mechanisms:
Intellectual shrewdness
This involves the ability to recognise, comprehend, and make sound decisions in both predictable and unpredictable situations. It entails quickly detecting subtle cues and underlying dynamics, anticipating potential difficulties, and generating actionable insights, even in ambiguous and uncertain contexts.
Wise leaders grasp what needs to be done and are acutely aware of the repercussions of their decisions and actions. To establish facts and provide deductive explanations without rushing to judgement, they rely on reasoned and circumspect observation. Wise leaders also possess the intellectual abilities required to realise their envisioned future by selecting the appropriate course of action at the right moment, while carefully considering the prevailing circumstances.
A lack of intellectual shrewdness along with sound judgement and foresight among high-ranking executives and engineers resulted in Volkswagen’s Dieselgate scandal in 2015.
The latter was about setting up........
