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The Virtue of Courage in Entrepreneurship: Engaging the Catholic Social Tradition and the Life-Cycle of the Business

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  • Naughton, Michael J.
  • Cornwall, Jeffrey R.

Abstract

The paper examines the problematic understanding of “risk†in entrepreneurial literature that locates courage in either the loss or gain of having or in the difficulty and hardship of the doing. We argue in this paper that what is lost in this vernacular view of courage is a deeper notion of the subjective dimension of work and the social need of society. Grounded within the Catholic social and moral tradition, we find a richer notion of courage, which in part corrects and rounds out the insufficient description of the vernacular understanding of courage in entrepreneurship. What we also find in this account of the virtues and subjective dimension of work is greater explanatory power of what happens to the entrepreneur in the work that he or she does. The end result of this analysis is a more spiritual, ethical and social understanding of entrepreneurship.

Suggested Citation

  • Naughton, Michael J. & Cornwall, Jeffrey R., 2006. "The Virtue of Courage in Entrepreneurship: Engaging the Catholic Social Tradition and the Life-Cycle of the Business," Business Ethics Quarterly, Cambridge University Press, vol. 16(1), pages 69-93, January.
    • Handle: RePEc:cup:buetqu:v:16:y:2006:i:01:p:69-93_00
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    Cited by:

    1. Paniccia, Paola M.A. & Poggesi, Sara & Leoni, Luna, 2020. "The virtue of courage: From historical European roots to current management studies," European Management Journal, Elsevier, vol. 38(4), pages 547-554.
    2. Marina Balboa & Germán López-Espinosa & Antonio Rubia, 2012. "Non-linear Dynamics in Discretionary Accruals: An Analysis of Bank Loan-Loss Provisions," Faculty Working Papers 07/12, School of Economics and Business Administration, University of Navarra.
    3. Dewen Liu & Shenghao Han & Chunyang Zhou, 2022. "The Influence of Physical Exercise Frequency and Intensity on Individual Entrepreneurial Behavior: Evidence from China," IJERPH, MDPI, vol. 19(19), pages 1-22, September.
    4. Rosa Chun, 2017. "Organizational Virtue and Performance: An Empirical Study of Customers and Employees," Journal of Business Ethics, Springer, vol. 146(4), pages 869-881, December.
    5. Domènec Melé & Joan Fontrodona, 2017. "Christian Ethics and Spirituality in Leading Business Organizations: Editorial Introduction," Journal of Business Ethics, Springer, vol. 145(4), pages 671-679, November.
    6. Gregorio Guitián, 2009. "Conciliating Work and Family: A Catholic Social Teaching Perspective," Journal of Business Ethics, Springer, vol. 88(3), pages 513-524, September.
    7. Ericka Costa & Tommaso Ramus, 2012. "The Italian Economia Aziendale and Catholic Social Teaching: How to Apply the Common Good Principle at the Managerial Level," Journal of Business Ethics, Springer, vol. 106(1), pages 103-116, March.
    8. Joanna Crossman & Hiroko Noma, 2013. "Sunao as Character: Its Implications for Trust and Intercultural Communication Within Subsidiaries of Japanese Multinationals in Australia," Journal of Business Ethics, Springer, vol. 113(3), pages 543-555, March.
    9. Virgil Henry Storr & Stefanie Haeffele-Balch & Laura E. Grube, 2015. "Community Revival in the Wake of Disaster," Perspectives from Social Economics, Palgrave Macmillan, number 978-1-137-31489-5, December.

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