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Ensuring wisdom in decision making process – Part 3

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The data-information-knowledge stream was propounded by Devenport, it is said. This was in 1997.

We are a decade away from it.

And now it is DIKW; ‘Data -Information -Knowledge- Wisdom’ stream.

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About wisdom in organizations, Limas Michael J. and  Hansson Robert O. say:

“In recent years, much theoretical and empirical attention has focused on wisdom as a psychological construct.

The development of wisdom is viewed as a positive aspect of aging, but also has a complement to more traditionally-studied domains of intelligence.

Two studies, involving a total of 327 adults, examined how our understanding of the construct might be furthered by its application into specific, problematic contexts, and by having its utility assessed.

This involved: 1) development of an instrument that related the elements of wisdom to the context 

                          of work organizations;

                     2) identification of the primary ways in which wisdom contributes to well-being in 

                         work organizations; and

                     3) identification of types of organizations (organizational cultures) most likely to need

                         and value wise persons of influence in their midst.

Results suggest that wisdom is of greatest consequence when it fills an important gap in what is offered by the organization’s (or society’s) formal structure.

Where the culture has developed more formal institutions, structure, and principles to guide its activities and ensure fairness in how people are treated, there may be less need for informal sources of organizational wisdom.”

http://www.wisdominst.org/resources.htm

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The following material also may be interesting to read in this connection:

“Knowledge -> Intelligence -> Wisdom: Essential Value Chain of the New Economy” an updated and expanded version of keynote speech by George Pór, Founder of Community Intelligence Labs delivered at “Consultation Meeting on the Future of Organizations and Knowledge Management” of the European Commission’s Directorate-General “Information Society Technologies” Brussels, May 23-24, 2000

Visit:  http://www.co-i-l.com/coil/knowledge-garden/kd/kiwkeynotes.shtml

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Another author working in this field for some time Dr.Let Davidson.Ph.D.

www.wisdompage.com/wis@work.html

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‘Arete Initiative’ by University of Chicago is for research on wisdom and make it popularly useful for humanity.

http://www.wisdomreasearch.org/

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Another very interesting article is ‘Escaping the Veil of Maya: Wisdom and the Organization’ by Carlisle, J.P.
System Sciences, 2006. HICSS apos;06. Proceedings of the 39th Annual Hawaii International Conference on
Volume 7, Issue, 04-07 Jan. 2006 Page(s): 162a – 162a Digital Object Identifier   10.1109/HICSS.2006.160

Summary: Though frequently considered desolate and distressing the philosophy of Arthur Schopenhauer provides a surprisingly appropriate framework through which to view the organization in order to investigate the existence of wisdom and how organizational wisdom can be achieved. This paper extends Schopenhauer’s work so that it can be applied to current investigations related to wisdom creation, extraction and retention. Schopenhauer’s work provides a platform upon which ramifications of wisdom creation and its effect on the organization can be assessed.

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In conclusion, this DIKW appears to be a stream many of us must get interested in, go with the flow and bring what is noticed to the attention of top management to help their decision making easier, delightful and wiser.

And eventually BPX becoming part of the decision making process too.

 

 

Some can say, why struggle so much? ‘Go to www.yahoo.com, then search for truth and wisdom!'” © Farcus

 

Please take a break,

visit the store, http://farcus.hypernet.ca/,

for the captioned cartoon and

many more.

 

Sam Anbazhagan

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