Spirituality and Entrepreneurship: The Role of Magical Thinking in Future-Oriented Sensemaking

Drawing from a qualitative empirical study of Canadian entrepreneurs, we seek to understand the nature of entrepreneurial thinking. More specifically, we analyse entrepreneurs’ cognitive capacity to mitigate the risk inherent in an uncertain future and overcome low community expectations of entrepreneurial success. We introduce the notion of ‘magical thinking’, an emergent construct that refers to a cluster of beliefs that maintain the...