Ethical judgment and radical business changes: the role of entrepreneurial perspicacity

Pellegrini, Massimiliano M. and Ciappei, Cristiano (2015) Ethical judgment and radical business changes: the role of entrepreneurial perspicacity. Journal of Business Ethics, 128 (4). pp. 769-788. ISSN 0167-4544

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This study examines the implications of practical reason for entrepreneurial activities. Our study is based on Thomas Aquinas’ interpretation of such virtue, with a particular focus on the partition of practical reason in potential parts such as synesis, or common sense, and gnome, or perspicacity. Since entrepreneurial acts and actions deal with extremely uncertain situations, we argue that only this perspicacity, as the ability of correctly judging in exceptional cases, has the power to find wisdom under such blurred conditions. Perspicacity frees entrepreneurs from their cognitive schemata rendering them able to be truly entrepreneurial. Based on this vision and thanks to a semantic analysis of the meaning of the Greek word gnome, we construct an interpretative model for entrepreneurial judgment composed of three dimensions, specifically, knowledge-cognitive, external-affective and personal-reflective. The model highlights how a ‘successful’ entrepreneurial judgment is also such from a holistic point of view.

Item Type: Article
Identifier: 10.1007/s10551-013-1988-4
Additional Information: © Springer Verlag 2013. The final publication is available at Springer via
Keywords: Practical reason, Entrepreneurial perspicacity or gnome, Common sense or synesis, Virtue ethics, Thomas Aquinas, Decision-making process, Ethical judgment, Successful entrepreneurs
Subjects: Business and finance
Depositing User: Max Pellegrini
Date Deposited: 09 Mar 2016 11:24
Last Modified: 28 Aug 2021 07:19


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