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Elements of entrepreneurial success:
Herriott, E. M. (2000). Elements of entrepreneurial success: The links among inner competencies, inner development and success. Dissertation Abstracts International, (60, no. 12B, 6398).

Abstract

This exploratory study inquired into the link between changes associated with personal development and competencies relevant to business success in a group of entrepreneurs in Fairfield, Iowa. The Fairfield entrepreneurs are part of an entrepreneurial community in the rural Midwest, which has enjoyed considerable success. In addition, the vast majority of the Fairfield entrepreneurs are long-term practitioners of Maharishi Mahesh Yogi's Transcendental MeditationÎ (TM) and TM- SidhiÎ program, two well-documented techniques for facilitating stress management, promoting health, and fostering personal growth.

The study sought to assess whether the entrepreneurs exhibited any common inner competencies, which had played a role in their success, and whether any of these competencies were linked to the inner growth the entrepreneurs had enjoyed as a result of the TM and TM-Sidhi practice. To answer the research questions, an exploratory qualitative study was conducted using the techniques of grounded theory.

The results of the study suggested that a number of the competencies widely thought to be linked to success might be developed and/or augmented through the practice of the TM and the TM-Sidhi program. This suggests that many, if not all, of these competencies are not fixed, in-born personality features, but might instead be part of an inherent developmental potential.

The results further indicated that the TM technique develops a number of qualities not commonly observed in the literature. These included superior stress management skills, which seemed to derive from an expansion of the internal resources that the person had to draw on. Many interviewees also exhibited a type of functioning, which appeared to go beyond the 'normal' range of human experience. All study participants reported frequent use of intuition; a sense of being in tune with a cosmic stream of evolution; and awareness of a more holistic, all-encompassing level of truth and reality. This in turn was expressed in more universal values, which embraced the wider interests of employees, community, or environment as a whole.

Based on the findings of the study, a theory of the nature and origin of competencies was presented. Source: DAI, 60, no. 12B (2000): p. 6398

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