Rapid change is the fundamental challenge companies face today. However, few companies are prepared to innovate continuously, as they focus on short-term goals and do not focus on the wisdom necessary to ensure their interests are aligned with those of society.
Practical wisdom forms the basis of continuous innovation, where companies systematically create new knowledge, disseminate it throughout the organization, and turn knowledge into action over time. In The Wise Company, legendary management experts Ikujiro Nonaka and Hirotaka Takeuchi highlight how various companies have tackled the challenge of rapid change to create new products and ways of working that benefit employees, consumers, and society. The key: an unrelenting process of self-renewal where companies realize the future they envision, rather than merely reacting to environmental changes.
Companies exhibiting resilience, long-term management, and sustainability share certain characteristics, as shown by Nonaka and Takeuchi. Their strategies are based on aligning the benefits of the organization and society. Leaders quickly grasp the essence of each situation or issue and intuitively understand the nature and meaning of people, things, and events. But wise leadership is not enough: wisdom must permeate the organization through formal and informal interactions and communications that focus on metaphors and stories that convey the essence and meaning of strategies and actions. In a concise manner, Nonaka and Takeuchi demonstrate how continuous innovation emerges from the unceasing creation of new knowledge, the dissemination of knowledge within the organization, and the conversion of this knowledge into action.
The Wise Company presents a new model of knowledge creation and practice for the 21st century. Pages: 304, Dimensions: 23.6x23.6cm
