wisdom

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Definition

Wisdom is a combination of judgment and understanding built upon knowledge and experience.

Wisdom is the ability to see the long-run consequences of current actions, the willingness to sacrifice short-run gains for larger long-run benefits, and the ability to control what is controllable and accept what is not.

Wisdom is both the result of experiences and required for transformations. -- B. Joseph Pine II & James H. Gilmore

Wisdom is the ability to increase effectiveness.

See the intelligence hierarchy for a construct with wisdom as a type or level of intelligence.

Economic and moral wisdom -- ""Economic wisdom"" is related to ""doing the profitable thing."" ""Moral wisdom"" is related to ""doing the right thing."" Aligning the two is referred to as ""doing well by doing good.""

Business wisdom -- see business intelligence.