Spirituality and entrepreneurial failure

The paper examines how spirituality, an inner awareness especially of a greater force or power beyond the individual self, affected entrepreneurs' experience of an important but under-researched part of the entrepreneurial process - venture failure. We implement a qualitative, narrative researc...

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Bibliographic Details
Authors: Singh, Smita (Author) ; Corner, Patricia Doyle (Author) ; Pavlovich, Kathryn (Author)
Format: Electronic Article
Language:English
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Published: International Association of Management, Spirituality & Religion [2016]
In: Journal of management, spirituality & religion
Year: 2016, Volume: 13, Issue: 1, Pages: 24-49
RelBib Classification:AG Religious life; material religion
CB Christian life; spirituality
ZA Social sciences
ZD Psychology
Further subjects:B Spirituality
B Narrative
B spiritual transformation for entrepreneurs
B entrepreneurial failure
B positive failure outcomes
B Qualitative Research
Online Access: Presumably Free Access
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Summary:The paper examines how spirituality, an inner awareness especially of a greater force or power beyond the individual self, affected entrepreneurs' experience of an important but under-researched part of the entrepreneurial process - venture failure. We implement a qualitative, narrative research design and present a collective narrative of nine entrepreneurs whose spirituality played a role in experiencing venture failure. Unexpectedly, findings revealed entrepreneurs engaging deeply with failure instead of indulging in the self-deception and denial suggested by research that applies psychological theories to venture failure. Furthermore, findings provided a rare, positive outcome from failure - entrepreneurs' spirituality deepened through experiencing this negative life event. Finally, results indicate how spirituality influenced entrepreneurs' decisions about founding future ventures after failure.
ISSN:1942-258X
Contains:Enthalten in: Journal of management, spirituality & religion
Persistent identifiers:DOI: 10.1080/14766086.2015.1029961