Modelling wisdom in learning and decision making

There is a growing interest in understanding application of wisdom but abstract and intangible personal factors make it difficult to design and achieve practical learning of wisdom. The purpose of this research is to identify the key concepts of wisdom and their relationships to create a learning and decision making model, or a Wise Action Model (WAM) for organizational knowledge workers. A review of relevant models, theories, and related literatures from various disciplines was undertaken, which identified prior knowledge and its comprehension and understanding as the significant concepts of wisdom. The resulting WAM conceptual framework defines relationships between these key concepts and the impacting factors, such as, motivations, reliance on embedded cues and signs in the environment, and the values (especially the moral values) needed to recognize and remember project stakeholders. This study’s contribution is significant as wisdom needs more attention in the knowledge management literature and findings of this study are expected to influence the theory and practices in this field.