Home Madrid education Incorporating well-being and happiness into business education is key to shaping ‘resilient’ executives

Incorporating well-being and happiness into business education is key to shaping ‘resilient’ executives

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UNSPLASH

By Arjay L. Balinbin, Senior Reporter

Madrid, Spain – Business school curricula should include a curriculum to help future business leaders improve their health, well-being and happiness to better prepare them for the complex challenges they will face in the world of the company, said an expert.

“Body (health), mind (well-being) and soul (purpose or happiness)” are the three areas business schools can work on to help students improve their “performance for life” , Lisa Bevill, academic director of the IE University Center for Health, Wellbeing and Happiness, told reporters at the 2022 South Summit held in Madrid, Spain, June 8-10. .

“So, on the body, we talk about vitality. It has a lot to do with our physical health, our movements, our sleep, our nutrition, our movements. Mind has to do with mindfulness, mindfulness and how we set up study habits, recognizing the interconnectedness between body and mind,” she added.

The soul is about its purpose, she noted. “Our contribution, what matters to us and the relationships we develop. Of course, all of these are interconnected in terms of overall emotional well-being and who we are.

On what makes these areas relevant to business, she said, “If we think about entrepreneurs, it usually feels like you just have to work hard, go all the way, and be determined. Of course, this is all important, but if you neglect your health, your health is going to stop you, especially if you don’t proactively address it sooner.

A recent study by management consulting firm McKinsey & Company found that toxic behavior, a byproduct of stress, is a leading cause of burnout.

This can lead to “expensive organizational issues such as attrition,” McKinsey said in its report.

“Unprecedented levels of employee turnover, a global phenomenon we call high attrition, are making these costs more visible. Hidden costs for employers also include absenteeism, lower engagement and lower productivity,” he added.

Therefore, business schools should help cultivate the well-being of their students, Ms. Bevill noted.

“By cultivating well-being, we can cultivate greater resilience. We focus a lot on positive emotions as a way to cultivate well-being, and through the abundance of positive emotions, we create better connections. Through these connections, we can have greater creativity. We tap into our cognitive functioning,” she said.

“When we are unhealthy, we run based on fears, threats, or emotions, which decreases our cognitive functioning, our ability to connect with others, and our ability to think long-term,” he said. -she adds.

“Caring for our health and building our emotional well-being through positive emotions builds our resilience, allowing us to weather disappointments and come back after challenges; and for entrepreneurship, it is essential.

The South Summit 2022 is co-organized by IE University. It celebrated 10 years as the main global meeting point for players in the entrepreneurship and innovation ecosystem.

On May 17, South Summit announced the 100 finalists from over 3,000 entries for its 10th annual Startup Competition. According to IE University, 70% of applications came from 114 countries.

Half of the finalists come from Spain, mainly from Madrid, Barcelona and Valencia. The other half come from 29 different countries, including the UK, US, Germany, Israel, Switzerland and Brazil.

Software and cybersecurity projects make up the majority of this year’s finalists, including Appentra Solutions, Centraleyes, BizAway, Citibeats and Opticks Security.