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Modelling wisdom in learning and decision making

There is a need to understand application of wisdom but abstract and intangible personal factors make it difficult to design and achieve. Purpose of this research is to identify the key concepts of wisdom and their relationships to create a learning and decision making wise action model (WAM) for organisational 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 signs in the environment, and the values (especially moral) needed to recognise 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.