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Doing Well And Good: An Exploration Of The Role Of Mindfulness In The Entrepreneurial Opportunity Recognition And Evaluation Process, Louise Kelly, Marina Dorian
Doing Well And Good: An Exploration Of The Role Of Mindfulness In The Entrepreneurial Opportunity Recognition And Evaluation Process, Louise Kelly, Marina Dorian
New England Journal of Entrepreneurship
The purpose of this conceptual paper is to integrate two previously disparate areas of research: mindfulness and the entrepreneurial process. This present study conceptualizes the impact of mindfulness on the choices entrepreneurs face. Specifically, the research theorizes the positive effects of mindfulness on the opportunity recognition process, including evaluation of entrepreneurs. Furthermore, we propose that metacognition mediates this relationship, and emotional self-regulation moderates it. This conceptual research also suggests that mindfulness is positively related to the ethical decision-making and opportunity recognition and evaluation. Finally, compassion is proposed as a factor that mediates the relationship between mindfulness and ethical choices in …
Catalyzing Social Innovation: Leveraging Compassion And Open Strategy In Social Entrepreneurship, Thomas Pittz, Laura T. Madden, David Mayo
Catalyzing Social Innovation: Leveraging Compassion And Open Strategy In Social Entrepreneurship, Thomas Pittz, Laura T. Madden, David Mayo
New England Journal of Entrepreneurship
We implement an inductive, case study approach to explore the motivations and methods of five successful social entrepreneurs. Our findings show that founders noticed, felt, and responded to someone else’s pain, demonstrating compassion as the genesis of the business venture. Successful social innovation, however, was the result of the creation of an organization structured to include diverse stakeholder input and participation in the decision-making process. Thus, compassion motivates entrepreneurs to pursue broad gains as opposed to singular interests and enhances a willingness to incorporate others’ ideas through an open-strategy process. Our study suggests that interaction with stakeholders can impact the …