Aristotelian versus Platonic and Machiavellian interpretations of phronesis: A critical reflection on leadership and management education

Given the high incidence of corporate scandals, we are faced with reconsidering management theory, principles and education. The purpose of this paper is threefold. First, we seek to show that it is necessary and possible to analyse current managerial and directive action in the light of Aristotle's ethical thought, specifically concerning phronesis (practical wisdom). The second aim is to highlight that the Platonic interpretation of phronesis as a matter of contemplative life contributes to an inadequate leadership style and ethical apathy. Furthermore, we claim that the Machiavellian interpretation of phronesis contributes to leadership based on manipulation and exclusion of morality in management. The third and final objective is to respond to these two interpretations by reviewing Aristotle's exceptional teachings on the relevance of phronesis as a special kind of wisdom in which good judgment, discernment and an adequate understanding of events for decision-making converge. An essential claim of this paper is that Aristotle and his notion of phronesis, rather than Plato's or Machiavelli's, ought to inform contemporary debates in management scholarship and education. Aristotle's philosophical insights into practice, wisdom and more comprehensive ethics are highly relevant for public discourse in our contemporary societal context, especially for management education. Integrating phronesis into management and leadership education involves using case studies and experiential learning to teach practical wisdom and sound judgment.