Tuesday, October 13, 2020

How Compassion Can Benefit Your Business

Have you heard about compassion? You’re likely familiar with, and hopefully demonstrate the concept the Dalai Lama describes as an individual’s “sense of commitment, responsibility, and respect toward the other.”

While compassion is a long-established critical concept in the religious and philosophical domains, it is nowadays often used in the world of psychotherapy and is increasingly common in self-help book titles. Yet it seems to be a somewhat distant concept in the business sphere, and may even be associated with lower productivity and organizational entropy. This may be understandable if we perceive businesses as results-oriented and thereby dependent on pressure.

Does that high-pressure environment truly lead to financial success, though? And should compassion be left to the religious, soul-searching people, care workers, NGOs and other financially unambitious enterprises?

No, we shouldn’t. In fact, a growing body of research is challenging these assumptions.

How can compassion benefit your business, and how can you instil it?

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