The Advantages of Entrepreneurial Holism: A Possible Path to Better and More Sustainable Performance

In the present business environment, the strategic challenge of increasing performance along multiple dimensions simultaneously—e.g., financial, social, and personal—has never been greater. Thus, the purpose of this study is to improve the understanding of how firms can successfully pursue diverse performance goals simultaneously. To that end, specifically, this study’s objectives are to not only explore whether entrepreneurs are more successful than their corporate manager peers in that pursuit but also to explore how being an entrepreneur and being spiritual provide possible paths to being successful in such a pursuit. We draw upon a recent survey of 168 medium-sized venture entrepreneurs and their corporate executive peers in the US to better understand how such integration of roles and goals can be managed. Results indicate that being an entrepreneur and being spiritual lead to greater synergies among the performance outcomes, with some exceptions. The holistic nature underlying the findings has implications for policy (e.g., resource allocation) and for practice in that all firms should be seeking ways to find synergies not only between pairs of outcomes (e.g., profits and CSR) but among networks of outcomes (and at different levels of impact).