Over the last few weeks several “trusted” UK Banks’s most senior leaders have been challenged for lying and suggesting criminal business manipulations, letting down the country for their own short-term interests. Disappointed at the culture that has developed in this sector, I remembered about a great HBR article on Wise Leadership, on how the best executives strive for the common good.
In this video Hirotaka Takeuchi and Ikujiro Nonaka authors of the HBR article “The Wise Leader,” explain how why experiential knowledge is so important to enable people to make ethically sound judgments.
Be sure to check out the takeaways below after you watch the video.
Here are some of the things you’ll learn in this video about Wise Leadership:
- Wise Leaders are idealistic pragmatists first,
- Why Phronesis is so important, the habit of making the right decisions and taking the right actions in context, and relentless pursuit of excellence for the common good.
- Apprenticeship and real-life experiences are critical to apply those habits.
- Leading from the middle is the biggest change of current times
- To be a wise leader, put emphasis on liberal arts such as philosophy, history to share life experiences with others
- Wise Leaders demonstrate six abilities:
- They make decisions on the basis of what is good for the organization and for society.
- They quickly grasp the essence of a situation and fathom the nature and meaning of people, things, and events.
- They provide contexts in which executives and employees can interact to create new meaning.
- Phronetic leaders use metaphors and stories to convert their experience into tacit knowledge that others can use.
- They exert political power to bring people together and spur them to act.
- Wise leaders use apprenticeship and mentoring to cultivate practical wisdom in others
Let’s celebrate the common good and great Executives: Do you know such Wise Leaders? Name them below and share why!
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