Is practical wisdom and learning literature actually wise on its “right to speak”?

In the literature on practical wisdom, especially related to economics and business, there is an advocation for seeing it as wisdom as transformative power in daily activities, and its translation to modern times and parameters is of foremost concern, like in business ethics (e.g., Moberg, 2007) or business schools (e.g., Roca, 2008). Its meaning is in line with the phrónêsis (φρόνησις) developed by Aristotle in his Nichomaquean Ethics, which can be defined as the “ancient Greek practical wisdom virtue” (Jeannot, 1989), in the Thomist sense of “prudence” (Bartunek & Trullen, 2007, p. 91). In any case, the concept must be reinterpreted for our world and time. For example, it cannot be the same as at the times of Aristotle, with his heroic, one-man (male), his hierarchical leadership, and a clear immobile univocal morality, with one moral truth (Küpers & Pauleen, 2013, pp. 3-7). The existing scholarship on practical wisdom and its updating involves already a remarkable collective effort of researchers, yet we think that some important aspects can still be further developed and improved. Our proposal concerns the first ground of the research: why is practical wisdom so advisable in response to the increasingly complex and uncertain global business environment? This ontological and epistemological foundation implies – in the first instance – the “right to speak” of any knowledge. The question is, in this sense: can the practical wisdom scholarship and its literature face reflectively its own sense, especially according to its epistemic coherence with its ontological vision of the reality? Or more directly: are studies of practical wisdom actually “wise’?