SPIRITUALITY AS A DRIVING FORCE TO ENTRE ENTREPRENEURSHIP

Jozef Raco

No 4z9yg, OSF Preprints from Center for Open Science

Abstract: Some studies uncovered that spirituality has positive impact to entrepreneurship. Spirituality strengthens entrepreneurs’ commitment to improve their business performance, helps them to cope with stressful situation, sharpens their business vision and motivates them to keep their business values. It supports employees to give meaning to their work, increases their happiness and makes them more loyal to the organization. It facilitates the whole organization to perform better and at the end increase the profit. Spirituality is considered as an essential nature of human being that strengthening their purpose and mental power to do something for the betterment of the many people. Spirituality was considered as a part of theology or other divine disciplines. Currently spirituality is becoming an important topic in management particularly in entrepreneurship. It is an animating force and vital principle which motivates entrepreneurs to run a business which not merely for profit taking but to serve people. A real spiritual entrepreneur is not just looking for their own benefit but for the best of others. Any business that is beneficial and helpful to others will grow better and enjoy economic benefits. Spirituality is in line to the core principle of entrepreneurs which is doing business to meet customers’ need. One characteristic of spirituality is seeking to transcend their ego or their own interest. That is why spirituality is very important for entrepreneurs. It is being considered as a capital that has some core elements such as driven by deep values, having sense of purpose, and applied ethics in service.

Date: 2017-03-14
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:4z9yg

DOI: 10.31219/osf.io/4z9yg

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