Definitions
Ted Malloch in his launch of the Spiritual Enterprise Institute in 2005 defined spiritual capital as
| “ | the effects of spiritual and religious practices, beliefs, networks and institutions that have a measurable impact on individuals, communities and societies. | ” |
Another general definition, offered by Alex Liu is that spiritual capital is the power, influence and dispositions created by a person or an organization’s spiritual belief, knowledge and practice. Samuel Rima, based on doctoral research done at the University of Buckingham UK, defines spiritual capital as a metaphysical impulse that animates and leverages other recognized forms of capital to build capacity for advancing the common good. According to Rima, spiritual capital is used, or invested, to infuse other forms of capital with life-giving energy that will create surplus value for the benefit of people and societies rather than for satiating individual or corporate greed. As such, spiritual capital has the potential to bring life, vitality, and empowerment to people and the societies in which they live, rather than for the material or economic satisfaction and advancement of one individual, social group, or corporate entity.
Read more about this topic: Spiritual Capital
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