Furthermore, there exist intense discourses on intelligent work, intelligent workers, wisdom workers, wisdom organisations, wisdom capital and the wisdom economy and wisdom society ( Dobson, 2010 Jakubik, 2020a Liew, 2013 Maxwell, 2021 Müürsepp, 2013a, b, 2021 Pink, 2006 Stebbins, 2017 Vasconcelos, 2021). Recently, research on wisdom in management has been receiving increased attention ( Bachmann et al., 2018 Banerjee, 2014 Ekmekҫi et al., 2014 Jakubik, 2021a McKenna and Rooney, 2005 McKenna et al., 2009 Müürsepp, 2021 Nonaka et al., 2014 Rooney et al., 2010 Solé, 2017). Nevertheless, there remain several unanswered questions: Will people act upon the newfound wisdom? Will they put this newfound learning, knowledge and wisdom into practice? Will retrospective sensemaking take place in management? If yes, how will it impact managerial practices? Will the role of wisdom be amplified in management? A crisis is an excellent opportunity to create a better world by learning what worked well in the past, and at the same time by “unlearning” any harmful practices. Researchers hope that the COVID-19 pandemic will help people to stop, think about, learn from and reflect upon their values, pre-crisis actions and practices. They summarised the Nhunggabarra people's “recipe” for a sustainable society as follows: mission – keep everyone alive core belief – all are connected core value – respect economy – intangible ecosystem – based on care primary resource – knowledge leadership – all members of society play a role and society – building a sense of community among people (pp. Will people return to their pre-crisis practices after the pandemic subsides? Can we learn from history and from the hidden wisdom of the world's oldest civilizations? For example, can we learn important lessons from the Australian Aboriginal society's model for sustainability that has survived for thousands of years? Sveiby and Skuthorpe (2006) studied the hidden wisdom of the Nhunggabarra people in Australia. Researchers ( Karami and Parra-Martinez, 2021) have pondered on the foolish and wise behaviour of people in a time of crisis. The full terms of this licence may be seen at ĭebates and views regarding wisdom have become especially significant during the global COVID-19 pandemic. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. This article is published under the Creative Commons Attribution (CC BY 4.0) licence. Published in European Journal of Management and Business Economics. Copyright © 2021, Maria Jakubik and Peeter Müürsepp License
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