GIVING LIFE TO ENTREPRENEURSHIP: THE SPIRIT, BODY AND SOUL (SBS) MODEL OF ENTERPRISE CREATION

Author: Muritala Awodun, PhD

ABSTRACT

Attempts have been made to describe entrepreneurship and other related terms; entrepreneurialism and entrepreneurial by various scholars (Baumol, 1968; Dees, 2001; Austin et.al., 2006; Baumol & Strom, 2007; Boettke & Coyne, 2009; Lucas & Fuller, 2015: Awodun, 2021a). All these attempts are to give meaning and understanding to who the entrepreneur is and how he goes about the creation of the enterprise.  In this paper, the effort is made to give ‘life’ to entrepreneurship through the introduction of the spirit, body and soul (SBS) model of enterprise creation, where entrepreneurship is likened to the human ‘body’, entrepreneurial to the ‘spirit’, and entrepreneurialism to the ‘soul’. The model describes the entrepreneur as the ‘person’ made in the process, and the enterprise, as the ‘businesses of the entrepreneur. The SBS model gives life to entrepreneurship through recognition of the body, spirit, soul, person, and product of enterprise creation.

Keywords: Entrepreneurship, Entrepreneurial, Entrepreneurialism, Entrepreneur, and Enterprise

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