Wisdom-based management style and the structures and paths to achieve it and its relationship with transformational leadership (Case study: five star hotels in Tehran)

In the literature on management and organization, one of the topics that has been considered recently is wisdom-based management, which is not unrelated to various topics, including transformational leadership. The present study aimed to investigate the antecedents of wisdom-based management and its role in transformational leadership. The research is applied in terms of purpose, descriptive-survey in terms of nature and method. To test the hypotheses, a 50-item questionnaire by spectrum was used. The statistical population of the study is 800 managers and employees of five-star hotels in Tehran; The sample size of 260 people was selected based on Krejcie and Morgan table by stratified relative method. Reliability was assessed using Cronbach's alpha coefficient and structural validity was assessed using Lisrel software and confirmatory factor analysis. In order to analyze the findings, LISREL software and path analysis model were used and to analyze the mediating variable, Sobel test was used. The results of the present study showed that the four variables of experience, spirituality, emotions and knowledge have a significant and positive effect on wisdom-based management and transformational leadership. Wisdom-based management also has a significant and positive effect on transformational leadership and plays a mediating role between the mentioned factors and transformational leadership. Wise management can, through training and effort, influence its employees by playing the role of a leader in the organization and acquire and transmit wisdom to them through the paths of experience, spirituality, emotions and knowledge.