Harmonizing business wisdom in managing social enterprises

Knowledge may be perceived positively, negatively or neutrally depending on one’s belief or profession. Since knowledge is generally no individual’s monopoly it may be acquired, processed, retained, utilized and disseminated by anyone and anywhere, individually or institutionally. Knowledge may be a...

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Main Authors:	Ismail, Yusof, Mhd. Sarif, Suhaimi
Format:	Conference or Workshop Item
Language:	English English
Published:	2015
Subjects:	HF5387 Business ethics
Online Access:	http://irep.iium.edu.my/45925/ http://irep.iium.edu.my/45925/ http://irep.iium.edu.my/45925/1/SEMAI_Harmonzing_Wisdom_Social_Enterprises_fullpaper.pdf http://irep.iium.edu.my/45925/2/SEMAI7_WISDOM.pdf

id	iium-45925
recordtype	eprints
spelling	iium-459252018-06-20T02:36:55Z http://irep.iium.edu.my/45925/ Harmonizing business wisdom in managing social enterprises Ismail, Yusof Mhd. Sarif, Suhaimi HF5387 Business ethics Knowledge may be perceived positively, negatively or neutrally depending on one’s belief or profession. Since knowledge is generally no individual’s monopoly it may be acquired, processed, retained, utilized and disseminated by anyone and anywhere, individually or institutionally. Knowledge may be associated with wisdom (al-hikmah) although the latter goes beyond knowledge. Islam encourages its followers to benefit from available knowledge, concepts, theories and practices. Knowledge reflects wisdom. Realistic Muslims strive to benefit from useful knowledge and practices that represent wisdom irrespective of their origin and age. Non-profit organizations or social enterprises can benefit from the wisdom of management thoughts and practices of firms (companies, corporations), some of which were time tested. The study presents the concept of wisdom and it spirit from Islamic tradition. It solicited the opinions of Muslim undergraduates of a public university who were exposed to business courses about their perceptions of wisdom and knowledge and whether wisdom of others could be adapted for applications in organizations. For in-depth input, the study identified eight subjects based on the authors’ knowledge of the former’s background. Results of the study show that the subjects do have a grasp of the concept of wisdom, although the Islamic terminology al-hikmah was not used in the instrument at all. They do agree that knowledge and wisdom are inter-related but wisdom transcends knowledge. The subjects are mixed in their views pertaining to application of ‘borrowed’ wisdom in profit and non-profit organizations. Overall, results suggest that wisdom multiplies without boundaries. 2015-11-16 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/45925/1/SEMAI_Harmonzing_Wisdom_Social_Enterprises_fullpaper.pdf application/pdf en http://irep.iium.edu.my/45925/2/SEMAI7_WISDOM.pdf Ismail, Yusof and Mhd. Sarif, Suhaimi (2015) Harmonizing business wisdom in managing social enterprises. In: Seminar Pembangunan Modal Insan ke-7 (SEMAI 2015), 16th Nov. 2015, Bandar Baru Bangi, Selangor. (Unpublished) http://semai.haluan.org.my/2015/
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HF5387 Business ethics
spellingShingle	HF5387 Business ethics Ismail, Yusof Mhd. Sarif, Suhaimi Harmonizing business wisdom in managing social enterprises
description	Knowledge may be perceived positively, negatively or neutrally depending on one’s belief or profession. Since knowledge is generally no individual’s monopoly it may be acquired, processed, retained, utilized and disseminated by anyone and anywhere, individually or institutionally. Knowledge may be associated with wisdom (al-hikmah) although the latter goes beyond knowledge. Islam encourages its followers to benefit from available knowledge, concepts, theories and practices. Knowledge reflects wisdom. Realistic Muslims strive to benefit from useful knowledge and practices that represent wisdom irrespective of their origin and age. Non-profit organizations or social enterprises can benefit from the wisdom of management thoughts and practices of firms (companies, corporations), some of which were time tested. The study presents the concept of wisdom and it spirit from Islamic tradition. It solicited the opinions of Muslim undergraduates of a public university who were exposed to business courses about their perceptions of wisdom and knowledge and whether wisdom of others could be adapted for applications in organizations. For in-depth input, the study identified eight subjects based on the authors’ knowledge of the former’s background. Results of the study show that the subjects do have a grasp of the concept of wisdom, although the Islamic terminology al-hikmah was not used in the instrument at all. They do agree that knowledge and wisdom are inter-related but wisdom transcends knowledge. The subjects are mixed in their views pertaining to application of ‘borrowed’ wisdom in profit and non-profit organizations. Overall, results suggest that wisdom multiplies without boundaries.
format	Conference or Workshop Item
author	Ismail, Yusof Mhd. Sarif, Suhaimi
author_facet	Ismail, Yusof Mhd. Sarif, Suhaimi
author_sort	Ismail, Yusof
title	Harmonizing business wisdom in managing social enterprises
title_short	Harmonizing business wisdom in managing social enterprises
title_full	Harmonizing business wisdom in managing social enterprises
title_fullStr	Harmonizing business wisdom in managing social enterprises
title_full_unstemmed	Harmonizing business wisdom in managing social enterprises
title_sort	harmonizing business wisdom in managing social enterprises
publishDate	2015
url	http://irep.iium.edu.my/45925/ http://irep.iium.edu.my/45925/ http://irep.iium.edu.my/45925/1/SEMAI_Harmonzing_Wisdom_Social_Enterprises_fullpaper.pdf http://irep.iium.edu.my/45925/2/SEMAI7_WISDOM.pdf
first_indexed	2023-09-18T21:05:21Z
last_indexed	2023-09-18T21:05:21Z
_version_	1777410896526573568

Harmonizing business wisdom in managing social enterprises

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