In Harvard Business Review, the authors of The Knowledge-Creating Company shared the six abilities of wise and phronetic leaders.  Nonaka and Takeuchi explained that the gulf between theory and practice of business ethics occur due to the great divide between what top management preaches and what the frontline employees actually do.  Do you find this to be a problem at your organization?  It is probably easier to ask who doesn’t have this problem.  (more…)

In our last blog you thought I was a socialist, but I made the argument that Japanese companies do serve a higher social purpose and have gained consumer’s trust and respect. You have to admit that you are still skeptical but intrigued. Today we will learn the first ability of a wise and phronetic leader. According to Nonaka and Takeuchi in Harvard Business Review, a phronetic leader leads with practical wisdom, making judgments and decisions on the fly while considering the higher view of what is good for society. (more…)