TY - JOUR
T1 - Self-Compassion When Coping With Venture Obstacles
T2 - Loving-Kindness Meditation and Entrepreneurial Fear of Failure
AU - Engel, Yuval
AU - Noordijk, Stephany
AU - Spoelder, Afra
AU - van Gelderen, Marco
PY - 2021/3/1
Y1 - 2021/3/1
N2 - Entrepreneurial fear of failure is a ubiquitous yet aversive experience with critical implications for entrepreneurial action and well-being. To understand how entrepreneurs can effectively cope with fear-inducing obstacles, we hypothesize and experimentally test the extent to which self-compassion, cultivated through Loving-Kindness Meditation (LKM), counteracts entrepreneurs’ fear of failure when facing a threatening venture obstacle. Compared to an active control group, entrepreneurs exposed to a brief guided LKM showed higher self-compassion, which, in turn, was associated with lower fear reactivity. We offer novel contributions to entrepreneurship theory and practice by highlighting the role of meditation and self-compassion in building entrepreneurial resilience.
AB - Entrepreneurial fear of failure is a ubiquitous yet aversive experience with critical implications for entrepreneurial action and well-being. To understand how entrepreneurs can effectively cope with fear-inducing obstacles, we hypothesize and experimentally test the extent to which self-compassion, cultivated through Loving-Kindness Meditation (LKM), counteracts entrepreneurs’ fear of failure when facing a threatening venture obstacle. Compared to an active control group, entrepreneurs exposed to a brief guided LKM showed higher self-compassion, which, in turn, was associated with lower fear reactivity. We offer novel contributions to entrepreneurship theory and practice by highlighting the role of meditation and self-compassion in building entrepreneurial resilience.
KW - coping
KW - entrepreneurial fear of failure
KW - meditation
KW - resilience
KW - self-compassion
UR - http://www.scopus.com/inward/record.url?scp=85076211493&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85076211493&partnerID=8YFLogxK
U2 - 10.1177/1042258719890991
DO - 10.1177/1042258719890991
M3 - Article
AN - SCOPUS:85076211493
VL - 45
SP - 263
EP - 290
JO - Entrepreneurship: Theory and Practice
JF - Entrepreneurship: Theory and Practice
SN - 1540-6520
IS - 2
ER -