Connection between the Psychical Well-Being and Spiritual Intelligence as Factors of a Requisitely Holistic Management

Abstract

The crisis has shown that management of companies is not as holistic as it should be; the economic and technological factors are over-emphasized; humans are not only rational beings. The complex and fast emerging new environmental challenges make companies face demographic and social changes, changing values, demands and viewpoints of employees, their emotional instability and them asking basic questions about being and living with which they discover the deepest meaning of living. Spiritual awareness and related way of living are becoming indispensable values of people, which do not only take care of their optimal life-roles realization but also of their personal and individual development. Spiritual intelligence, as philosophy of company’s management, changes the meaning and purpose of conducting business. It is upgraded with spiritual capital and that’s why it reflects awareness of higher purpose (beyond just profit) and is also a basis for achieving a psychical well-being of employees, which stimulates creativeness, innovativeness, and consequentially, the competitiveness of company. In this article we focus on spiritual intelligence and spiritual capital, which we connect to psychical well-being of individual resulting from optimal experiences and functioning. Psychical well-being is determined by two perspectives: hedonistic and eudaimonical. The eudaimonical approach, which emphasizes self-realization, led the researchers towards the psychical well-being and self-determination theory. The hedonistic approach emphasizes subjective well-being of individuals. Comprehensions of both approaches are combined in psychical well-being of individual, which determines his/ her satisfaction, creativeness, success at work and productiveness. This means that the expected (economic) results of organizations are more a consequence of subjective well-being then vice versa. Managers tend to overlook that fact.