Authors: Athanasios Batsakidis; Alexander Tsigkas
Addresses: Department of Production and Management Engineering, Democritus University of Thrace, Xanthi, Greece ' Department of Production and Management Engineering, Democritus University of Thrace, Xanthi, Greece
Abstract: This paper investigates the role of practical wisdom (phronēsis) in a complex world with respect to the issue of world stability. Increasingly, literature reveals that existing solution approaches based on knowledge, science and technology may be necessary but are not sufficient. The volatility of the world proves that there is a need for interdisciplinary understanding of the role of wisdom in managing supply chains. To address this issue, the paper draws a link between wisdom and resilience with respect to a technology-driven future, environmental sustainability and economic growth. It is concluded that practical wisdom promotes supply chain resilience in a complex world.
Keywords: practical wisdom; instability; supply chain resilience; phronēsis.
International Journal of Supply Chain and Operations Resilience, 2019 Vol.3 No.4, pp.353 - 368
Received: 21 Feb 2018
Accepted: 21 Dec 2018
Published online: 06 May 2019 *