Organizations struggle to be strategically prepared for unexpected change. What if change cannot be anticipated with any degree of certainty? What can organizations do to become more strategically prepared? This book explores the answers to these questions and argues that organizations become more prepared when they cultivate practical wisdom.

Background and Motivation Strategy and Unexpected Change An Ontological Shift Defining the Problem The Problem in Practice Dealing with the Practical Problem Facing Tactical Risks Making Value Judgements Re-framing the Response to Unexpected Change A Geneology of Practical Wisdom An Interpretative Framework Reflecting on the Framework: Implications Developing Practically Wise Habits On the Front Lines The Importance of Play in Organizations Seeking New Directions in Management Education Practical Wisdom as Everyday Strategic Preparedness Reflections for the Field of Management and Organization Studies Recommendations