Comm Series #16: The Information Continuum

15 Jun

From tacit knowledge to executive wisdom.

A workable empirical definition of wisdom is: the application of tacit knowledge in pursuing the common good. The common good is a term that can refer to several different concepts. In the popular meaning, the common good describes a specific good that is shared and beneficial for all (or most) members of a given community. Based on this definition, it is reasonable to project that the common good in executive wisdom is focused on the organization and the larger community that the organization exists within.

The central difference between wisdom and executive wisdom is that executive wisdom comes with considerable power.  In general effective executives must be largely strategic in their outlook.  They need to cultivate:

• a high level of understanding of the context the organization functions within

• an ability to comprehend how every decision cascades throughout an organization and will have both positive and negative consequences

• an awareness of the law of unintended consequences

• a keen perception of who the key stakeholders are, what each values and will fight to preserve.

This understanding then needs to be coupled with an ability to understand and use both formal and informal power.

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