The purpose of this paper is to analyse the transition phenomenon from smart organizations toward wise organizations based on changing the paradigm of decision making from economic to sustainability criteria. Classical business education was focused on profit maximization principle, and business strategies were designed to meet that objective. Michael Porter changed the strategic thinking paradigm by introducing the principle of competitive advantage. According to this principle, companies should focus on the market competition and achieving a clear advantage with respect to competitors in the long run. Companies which succeed in achieving competitive advantage are smart organizations because their decision making process are based on rational intelligence and a well-defined set of economic values. The new changes in the business environment and social corporate responsibility induced the need of changing the paradigm of decision making focusing on sustainability. That requires a change in the criteria and values which guide managerial decisions. Sustainability requires economic, social and environmental criteria for a successful business and that creates a spectrum of rational, emotional and spiritual knowledge, as well as rational, emotional and spiritual intelligences. Companies which develop the capacity of achieving this level of decision making are called wise organizations. They practice corporate social responsibility and wisdom management. The purpose of this paper is to explore the new paradigm of corporate social responsibility, wisdom management and wise organizations based on a critical literature review and on a bibliometric analysis using VOSviewer.