Management Practice Insights
DOI: 10.59571/mpi.v2i2.2
Year: 2024, Volume: 2, Issue: 2, Pages: 42-47
Original Article
Surya Tahora 1, Shalini Sarin 2
1 Professor in SPJIMR's General Management Department. Executive Director at Centre for Wisdom in Leadership.
2 Former CHRO and now serves as an independent director for different boards, advising and coaching CEOs and executive teams
Correspondence
[email protected]
[email protected]
Received Date:06 November 2023, Accepted Date:29 July 2024, Published Date:15 October 2024
At a time when the complexity of business challenges and the need for capable leaders is rising, less the 20% of those in management roles have a demonstrated talent for it.1 The traits of wise leadership behaviours – adaptability, experimental mindset, and integrity among others – are in high demand, but in short supply. The lack of these traits among leaders impacts organizations in multiple ways: lower profitability, poor innovation outcomes, high employee attrition and disengagement. To address these gaps, organizations must look to foster wise leadership and decision making in general. But this is not easy, as organizations have to navigate a maze of interpretations of 'competencies', with dozens of associated traits. To help navigate and simplify the journey, this essay draws upon a recently developed integrative model of wise behavior by Judith Glück and Nic M. Weststrate.2 The essay highlight key elements of this wisdom approach, which can serve organisations as a crucial pathway to develop wise behaviors in management
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3 Saemoon Yoon and Michelle Mormont, “Whats the Quality All Leaders Should Have to Succeed Today?,” World Economic Forum (blog), January 12, 2023, https://www.weforum.org/agenda/2023/01/quality-every-leader-shouldhave-to-succeed-in-todays-world-revealed-davos2023
4 Gallup Inc, “Why Great Managers Are So Rare.”
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16 MPI, Interview with Urvashi Singh, Senior Vice President HR at Genpact, January 30, 2024.
17 Paige McGlauflin and Joey Abrams, “3 Benefits Employees Say Have the Greatest Impact on Their Well-Being,” Fortune (blog), November 14, 2023, https://fortune.com/2023/11/14/well-being-employee-benefits-impactmental-health/
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20 Google, “The Search Inside Yourself Leadership Institute | Mindfulness |,”accessed July 22, 2024, https://siyli.org/about/
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© 2024 Published by SPJIMR. This is an open-access article under the CC BY license (https://creativecommons.org/licenses/by/4.0/)
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