I found the best reflections on the topic in the works of James March, including books such as  "A primer on decision making" and the more recent "Ambiguities of experience". 

Thanks Dragos, 

Will try and get copies of the suggested books for reading. Can I contact you privately for some advice. I am currently doing my PhD on "Entrepreneurial Phronesis"

Regards

Mike

Please let me know if the following references/sites are helpful to you:

1.  Full-Text PDF - MDPI

http://www.mdpi.com/2077-0472/3/4/613/pdf Sep 25, 2013 ... Keywords: soil erosion; episteme; techne; phronesis; practical wisdom; integrative .... success/failure, individual/communal. .... Academic culture needs to embrace the simple fact that cognition, which is our business, is.

2.  In Search of Phronesis: Leadership and the Art of Judgment

https://www.htsoukas.com/wp-content/uploads/2014/06/ShotterTsoukas-In-search-of-phronesis-AMLE.pdf

Current approaches in psychology and business ... fer further reflections on judgment and “phronesis” ...... ity of the situation—he failed to fully grasp what.

3.  Phronesis and Quiddity in Management: A School of Knowledge ...

http://www.kindai.ac.jp/rd/research-center/management-innovation/download-data/vol3_11.pdf

As we have witnessed the failures of extreme capitalistic ... “quiddity” are seldom used in the business management ... “Phronesis” was presented by the.

Dennis

Dennis Mazur

Wow! 

Many thanks Prof Mazur for the insightful papers you send me. Will read the carefully for my thesis.

Regards

Mike