This book deals with the application of the concept in business and management studies. It provides an overview of key areas of empirical research, and looks at the positioning of practical wisdom within a range of business and management contexts. These include management development and education, leadership, knowledge management, decision making, entrepreneurship, and artificial intelligence.Further more, the contributions provide an opportunity to explore interdisciplinary links, contemporary issues and future directions of study. This includes perspectives from social science, psychology, education and other disciplines. It provides some scope for new conceptual development, for instance by encouraging intersectional discussion with other traditions, and includes critical voices.