Abstract
The author uses Peter Drucker's framework as a social ecologist to identify changes that have already happened in our understanding of human nature and the impact that they are likely to have on the practice and theory of management. He suggests that the emerging concepts of ecological rationality and embodied cognition will lead a return to Aristotle's concept of phronesis or practical wisdom. This will allow a new discussion of the concept and role of power in organizations. Ethics, judgement and prudence will once again become central to the field.
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