Organizational Wisdom Elements: How Does it Work in the Organization?

Abstract

This article aims to develop a comprehensive compilation of knowledge-related activities recognized in the literature as components of organizational wisdom. Contemporary organizations acknowledge that knowledge is the foundation of their development; however, the extensive theoretical framework concerning knowledge management processes often remains unclear to practitioners. We propose a new perspective on knowledge management processes, presented through the lens of organizational wisdom, understood as a mechanism for transforming employees' knowledge into organizational success. We conducted a systematic literature review using the SCOPUS and WOS databases, selecting papers for analysis describing theoretical and empirical organizational wisdom models. Applying methodological rigor, we analyzed these models and identified 24 elements, which we theoretically and practically defined, indicating specific activities within organizations. Our findings hold significant implications for scientific development. The added value of this study lies in developing a classification of 24 elements that organize and systematize the existing body of knowledge on the components of organizational wisdom. The research results are also relevant to practice, as they enable managers to understand which knowledge processes are essential for fostering organizational wisdom and managing wise organizations.