Abstract

Spirituality is considered to be an essential nature of human being that strengthens their purpose and mental power to do something for the betterment of many people. Spirituality is considered as a part of theology or other divine disciplines. Spirituality is becoming an important topic in Management and Economics, particularly in entrepreneurship. It is an animating force and vital principle that motivates entrepreneurs to run a business which is not merely for making profit but, enabling them to better serve people. A real spiritual entrepreneur is not just looking for their own benefit, but for the betterment of others. Any business which is beneficial and helpful to others will grow better and enjoy economic benefits. Spirituality is in line with the core principle of entrepreneurs, which is doing business to meet customers’ need. One characteristic of spirituality is seeking to transcend the ego or their own self-centered interests. That is why spirituality is very important for entrepreneurs. It can be considered as a capital that has a number of core elements such as being driven by deep values, having a clear sense of purpose, and involving applied ethics in service.

Highlights

  • Entrepreneurship is an essential part of economics and entrepreneurs are commonly considered to be the ones who are promoting economic gain by introducing innovations, new concepts and novel ideas to produce better and competitive products or services

  • Pruzan (2008) refers to spirituality as a search for meaning, which transcends material well-being. He added that spirituality focuses on basic, deep-rooted human values and a relationship with a universal source, power or divinity. If we connect this spirituality to our job, we could mention that the work or job is a personal vocation, a passion for quality, and a social commitment toward the betterment of others

  • Spirituality brings about positive impacts to entrepreneurship activities and business industries

Read more

Summary

Introduction

Entrepreneurship is an essential part of economics and entrepreneurs are commonly considered to be the ones who are promoting economic gain by introducing innovations, new concepts and novel ideas to produce better and competitive products or services. Interests in doing research about spirituality and its impact on entrepreneurship and business management are increasing. Spirituality strengthens entrepreneurs’ commitment to develop their business, thereby improving their productivity, and enabling flexibility and creativity both in business planning and its implementation (Agbim et al, 2013) They added that spirituality creates a sense of community amongst employees. He stated that spirituality provides employees a sense of interconnectedness and community It essentially increases their sense of attachment, loyalty and belonging to the organization. By the influence of spirituality, the entrepreneurs will create a pro-social business (Pavlovich & Corner, 2013) It is this business approach which puts people and community interests before profit (Porter & Driver, 2012). In the process of inquiry, the previous understanding of spirituality which was closely related to religion probably will change

Meaning and Definition of Spirituality
Spirituality and Healthy Business
Essentials of Spirituality
Spirituality as the Power
Spirituality as Capital
Conclusion
Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call