For centuries, a sense of purpose has guided entrepreneurs as one of the main motivators in business.
As recent psychological research confirms, purpose and meaning are key drivers of entrepreneurship.
Furthermore, that study also found that the more potential entrepreneurs believe in their ability to live a meaningful life, reporting statistically higher levels of “existential agency,” the more it motivates them to pursue their goals and view entrepreneurship as helpful for solving societal problems.
The result of purpose-driven entrepreneurship is often the unleashing of creative and imaginative solutions to difficult problems — a dynamic embodied by business leaders all around the world who are being put to the test by the coronavirus pandemic.
Continue reading at The Western Journal.
Gonzalo Schwarz is President and CEO at the Archbridge Institute. Gonzalo focuses on researching and writing about the American Dream, social mobility, the economics of human flourishing, economic development, and entrepreneurship. He is the author of the institute’s "American Dream Snapshot” and editor of two publications focused on social mobility in Europe and Latin America. Gonzalo has an M.A. in economics from George Mason University and a B.A. in economics from the Catholic University of Bolivia. You can follow his Substack, "Living the Dream," where he writes about the American Dream.
Economics of Flourishing
For centuries, a sense of purpose has guided entrepreneurs as one of the main motivators in business.
As recent psychological research confirms, purpose and meaning are key drivers of entrepreneurship.
Furthermore, that study also found that the more potential entrepreneurs believe in their ability to live a meaningful life, reporting statistically higher levels of “existential agency,” the more it motivates them to pursue their goals and view entrepreneurship as helpful for solving societal problems.
The result of purpose-driven entrepreneurship is often the unleashing of creative and imaginative solutions to difficult problems — a dynamic embodied by business leaders all around the world who are being put to the test by the coronavirus pandemic.
Continue reading at The Western Journal.
Gonzalo Schwarz
Gonzalo Schwarz is President and CEO at the Archbridge Institute. Gonzalo focuses on researching and writing about the American Dream, social mobility, the economics of human flourishing, economic development, and entrepreneurship. He is the author of the institute’s "American Dream Snapshot” and editor of two publications focused on social mobility in Europe and Latin America. Gonzalo has an M.A. in economics from George Mason University and a B.A. in economics from the Catholic University of Bolivia. You can follow his Substack, "Living the Dream," where he writes about the American Dream.
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